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Arkade Developers Share Price: Arkade Developers made a strong debut, listing at a 37% premium. The IPO was oversubscribed 113 times. Shares are currently trading at a 33% premium. The company is a real estate developer focused on high-end residential projects in Mumbai

​Prior to this, the company had issued bonus shares and carried out a stock split once. The former took place in September 2023 while the latter was done in the year 2021, according to the data available on Trendlyne.

​So, in the month of July, that was the three-month moving average of the property start was minus 20%. So, a real lead indicator for the steel demand is a pickup in the Chinese property starts, so that is where we have to keep focus on.

Northern Arc Capital, a retail loan provider, made a decent debut with a 33% premium. Shares are currently trading 23% higher than the IPO price. The company has facilitated over Rs 1.73 lakh crore worth of financing but has concerns regarding negative cash flow and high debt-to-equity ratio.

Mid-sized private banks are currently an appealing prospect for value investors in the banking sector. These banks are showing significant growth in their lending activities, with many witnessing a 15% to 20% annual increase in loan books, while some even exceed 20%. This robust growth indicates a strong demand for credit.

Jafer emphasized the growing importance of Layer 2 solutions, particularly in enhancing transaction speeds and reducing costs. These technologies are vital for scaling blockchains, enabling them to handle a higher volume of transactions without sacrificing security. Projects like Optimism and Arbitrum are leading the charge, allowing Ethereum to scale efficiently, making it more attractive for developers and users alike.

​So, clearly you are seeing sectors like say real estate, utilities and industrials where the sectoral growth has been faster than the earnings growth, so index has moved up way ahead of earnings estimates.

KRN Heat Exchanger IPO opens for subscription on September 25. The issue has a GMP of Rs 240, indicating a 110% premium. The IPO price band is Rs 220. The allotment of the issue is divided among QIBs (50%), retail investors (35%), and non-institutional investors (15%).

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 23.93 per cent and 15.03 per cent, respectively.

​Asian markets are also supporting. So, I do not find any logic or rationale behind going short here. The trend is clearly into uptrend. Right now, after rising for last three consecutive sessions, it is just a profit booking in intraday. I see a strong uptrend in the market.