RHETAN TMT SHARE PRICE
Vraj Iron and Steel makes a healthy debut. What should investors do now?
Vraj Iron and Steel has a proven track record of consistent profitability over the past three years, demonstrating its ability to generate healthy returns. However, analysts said investors should acknowledge certain risks, such as the concentration of manufacturing facilities in a single region and the lack of long-term customer contracts.
Vraj Iron and Steel shares list at 16% premium over IPO price
Vraj Iron and Steel's strong listing surge correlates with its exceptional 126.36 times subscription rate, reflecting robust investor confidence. Analysts highlight risks including regional facility concentration and absence of long-term customer contracts, advising cautious consideration amidst the company's promising outlook.
Vraj Iron and Steel IPO share allotment likely today. Here's how you can check status
Vraj Iron and Steel IPO, oversubscribed 100 times, plans to utilize proceeds for Bilaspur plant expansion. The company's shares trade at a premium in the unlisted market. Product offerings include TMT bars and Dolochar. Loan from HDFC Bank to be repaid with IPO funds, with internal accruals contributing to the balance amount.
Vraj Iron and Steel IPO picks up pace on Day 2. Check subscription, GMP and other details
The initial public offer (IPO) of Vraj Iron and Steel picked up pace on the second day of the bidding process. The issue was subscribed over 8 times so far, driven by strong interest from retail and non-institutional investors.
Vraj Iron and Steel IPO booked 1.5 times so far on Day 1. Check subscription, GMP and other details
Vraj Iron and Steel's IPO sees strong demand with retail investors leading subscription. The fresh equity issue aims to fund the Bilaspur Plant expansion. The company offers a range of products and operates manufacturing plants in Chhattisgarh. Aryaman Financial Services manages the IPO with a price band of Rs 195-207 per share.
Vraj Iron and Steel IPO opens. Should you subscribe to this issue?
Considering the Vraj Iron and Steel IPO, investors can explore the opportunity to invest in a company with manufacturing plants in Chhattisgarh, focusing on Sponge Iron production and various steel products. The IPO presents a chance to be part of a well-established firm with growth prospects and strategic manufacturing facilities.
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Volatility ahead, time to look at boring utility stocks? 4 stocks from the natural gas sector with an upside potential of upto 26%
Gas stocks have been underperforming the market for a while. Several factors contribute to this, including stagnant volume growth, companies struggling to expand into new areas, and the latest challenge from electric vehicles (EVs). An announcement about aggressively promoting EVs in Delhi bought additional pressure on stocks like IGL. While EVs are expected to dominate in the future, does this spell the end for gas companies? Probably not. There are still many other uses for gas, and the negative narrative might be overstated. Additionally, these companies have strong cash reserves and cash flows from their existing businesses, which they can use to explore new opportunities within the EV ecosystem. Also at time when volatile market conditions, these stocks tend to weather the storm better.
Short-term volatility? Yes, but operating landscape might be changing: 5 metal stocks with upside potential of up to 20%
After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. The reason, global metal prices are decided by two things, first is the state of the Chinese economy and second is how the US dollar behaves in the global markets. On the first, there are initial indications that after close to more than two years, things are turning better. The most reliable indication came last month with better than expected GDP numbers. On the second front, there is still lots of uncertainty thanks to flip-flops by the US Fed on interest rate cuts. Now if one looks at the metal stocks, they have sort of out performed volatile Indian markets. But given the fact that these days, too much money flows into stocks where there is even a slight bit of positive development, the possibility that these stocks may turn volatile if there was more pressure on the broader market. However, when the tide turns, because the operating matrix of the companies would be better if the China recovery continues, there is a high probability of them turning into relative outperformers.
Is all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade.
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system.
After bright flare on D-Street, OMC stocks may shed gains
A Rs 2 cut in prices of petrol and diesel per liter on March 15 is likely to reduce gross marketing margins by Rs 1.8-1.9 per litre or 30-45% from the current levels. Before the price cut, the per litre marketing margin was Rs 6.1 on petrol and Rs 3.5 on diesel on the spot basis and it was Rs 9.0 and Rs 2.6 in that order on quarter-to-date basis.
Apple looks most oversold in years after $200 billion selloff
Shares of the iPhone maker are down 14% from a recent peak and have dropped 12% this year, compared with a gain of 7.42% for the Nasdaq 100 Index. Apple shares have been pressured by concerns over iPhone sales in China and a fine from the European Union.
For the trader and investor in you: A collection of stocks suitable for trading and investing alike
It is probably times like these, where valuations are high and the desire to trade and invest is also at a peak, one needs to set some rules, both for investing and trading. As a first step, have a well defined set of stocks, where one would invest and trade. So, that one does stray into stocks which are moving up just because there is sunshine all over the street. This might appear conservative to some as it limits the scope but being conservative is a way of bringing in discipline, especially when it comes to trading. So, out of a total universe of more than 3000 stocks, how about having a set of 50 non - nifty stocks which increase the probability of you making money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time.
Technical Breakout Stocks: How to trade Oil India, Mangalore Refinery and HPCL on Friday
The S&P BSE Sensex rose more than 200 points to reclaim 72K while the Nifty50 closed above the 21,900 level.
More than just an index and it's not Nifty: A collection of stocks suitable for trading and investing alike
Out of 50 stocks, only 5 of them have delivered negative returns in the last one year. Out of these 5 stocks, three stocks belong to one industrial house which faced headwinds early last year. 7 stocks have delivered more than 100 percent return, 4 stocks have gained between 80 to 100 %, 8 stocks have gained between 60 to 80 %, 5 stocks between 40 to 60 %, 12 stocks have gained between 20 to 40% and 9 stocks have gained between 0 to 20%. So, if you have focussed only on these 50 stocks out of a total universe of more than 3000 stocks which are traded, the probability that you would have been able to make money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time would have been met. The reason why is stocks? Most retail traders have a tendency to trade with bullish bias and prefer taking long positions rather than going short even when markets are not so bullish.
A cut in CRR by the Chinese central bank: Will they perform this time? 6 metal stocks for tactical investing
Because the metal stocks are highly correlated to Chinese economic growth. Like in the past, whenever the Chinese central bank has taken any step this time also on Wednesday the metal stocks reacted positively. But the question is whether this cut is a reflection that the economic slowdown in China is much worse than what the world has been estimating. If the trouble is deeper than what was perceived then metal stocks might stay as under-performers, but if there is a recovery which would first be reflected in the global commodity prices then it would be an indication that metal stocks may do better in coming months. In both cases it is worthwhile to keep both metal stocks and metal prices on the watchlist.
Even they can be contrarian bets: 4 metal stocks with upside potential of up to 21%
As a sector, metal is one of the most challenging ones, not only for investors but even for the promoters running it. Right from the demand matrix of the actual product, another big part of the equation is currency. Right from how the US dollar will pans out to how other cross currencies equations impact the bottomline. Last but not least, metal stocks have a strange relationship with financial ratios, when they appear cheap based on some ratios they are actually expensive and vice-versa. At this point of time, if one looks at the news flow, it is largely negative for the sector. Probably a time for contrarian bet with a hedge.
4 stocks with consistent score improvement and upside potential of up to 42%
It is after a long period of time, that bears have finally made their presence felt on the street. Whether it is, large, mid or small cap market breadth in all segments witnessed a sharp decline. In such times, if one is looking to buy stocks it would be better to look at stocks where some developments have made analysts turn bullish on them. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock picks of the week: 3 stocks with consistent score improvement and upside potential of up to 42%
From being totally under the control of the bulls, Dalal street has seen occasional sightings of bears in the last four weeks. While the reasons have been different at various points of time, the first indication that bears might be getting up from their sleep are surely on the wall. So it would be better to add “ caution” to your dictionary when looking at the stock market. The caution is also getting reflected in the overall count of stocks which have seen an improvement in their score. Also more importantly, it is time to take a step back, think and then make a decision both when buying and selling any stock. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.
Once again its China: 5 metal stocks that can deliver up to 39 % returns
This week, when broader market indices were correcting sharply, it was metal stocks which were able to keep their head above water. Even today, the list of stocks trading with gains is dominated by metal stocks. This has happened for the fourth time in the last two months, that metal stocks have been able to inch upward when other sectors are under pressure. Is it an indication that global commodity markets are finally expecting all the efforts which the government in China is making to revive the economy might be successful. Or once again it is a short term movement which will face pressure at higher levels. It is the numbers from China which hold the key.
China attempts to revive its economy; 6 metal stocks which can deliver up to 36 % returns
The connection between China and metal prices is well known. China is one of the biggest consumers of metals. Be it copper, aluminum or steel. As soon as there are indications that China is pushing for growth, metal prices move up. With a recent cut in prime lending rate, it has made its intent clear. Will it bring back good days for metal stocks?
GAIL AGM: Co expects natural gas transmission volumes to expand 12%
GAIL expects its natural gas transmission volumes to expand 12% and polymer sales to double this financial year, its chairman Sandeep Kumar Gupta has said at the AGM. GAIL also expects the new levelized tariff determined by the regulator for its integrated pipelines to help boost its transmission revenues.
Numaligarh Refinery Limited to invest more than Rs 35,000 crore in different projects in next five years
The company is aggressively executing few more significant projects viz. Numaligarh Refinery Expansion Project (NREP), Paradip Numaligarh Crude Oil Pipeline (PNCPL) & Crude Oil Import terminal at Paradip (COIT) and 2G Ethanol Project (JV project). During the year, a 360 KTPA Polypropylene project was approved at a cost of Rs. 7,231 crore.
Is China's stimulus at work? 5 metal stocks which can deliver up to 35% returns, as per analysts
China is one of the biggest consumers of metals. Be it copper, aluminum or steel. When the global market gets indication that the Chinese government is planning a push for its real estate market or giving any kind of stimulus then metal prices tend to firm up. One of the reasons why only large companies are in focus could be the fact that with the bumper earnings which these companies have made in the last two years,some of them have reduced their debt.
4 stocks from different sectors with right PEG ratio for long-term wealth creation
One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions, is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value.
For risk takers: 4 midcap stocks which have seen an improvement in score can rise up to 29%
A nifty continues to form a new high every day, more number of mid-caps stocks are joining the party. Stocks from sectors like metal, financial service, FMCG have come to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Will they shine again? 4 metal stocks can deliver up to 29% returns, say analysts
The focus of analysts is back on metal stocks. Unlike 2021 and early 2022 when the outlook was bullish across the board. This time around it is not secularly bullish. It is a select group of stocks which are getting attention, companies either with large capacity, fully integrated or in any area where they are literally monopolies. For the purpose of this report, where the average stock report plus score is a minimum of 6. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Tiny diamonds! 19 multibagger SME IPOs gave up to 463% return in FY23
Topping the charts is Mumbai-based digital technology company Varanium Cloud whose shares have zoomed 463% since its Dalal Street debut in September-end. The Rs 31 crore IPO, which was sold at an offer price of Rs 122 per share, was subscribed over 5 times.
Chatbot dreams drive tech rally frenzy in China
Mainland China computer, communications equipment and media indexes have surged between 29% and 35% this year, outstripping a rise of just 3.5% in the benchmark CSI 300 Index.
Up 700% in 6 months! Multibagger stock to trade ex-split, ex-bonus this week
Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
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