Latest Stock Market News

About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors. The company proposes to utilise the net proceeds for funding capex towards the upgradation and expansion of its existing solar module manufacturing facility.

Nine new spot Bitcoin funds began trading in the US on Jan. 11 and have attracted more than $9 billion of investor inflows so far. Two of the offerings, from BlackRock Inc. and Fidelity Investments, rank as the most successful ETFs launched based on assets garnered after a month on the market, Bloomberg Intelligence analysts Eric Balchunas and James Seyffart wrote in a note.

ETMarkets is assessing stocks from the BSE smallcap pack that have consistently maintained a 20% profit margin over the past four consecutive quarters.

Some additional checks would help traders make better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price. First, if this fresh long build has come when the stock is very close to its 52-week high, that increases the probability of the stock attempting to break its previous 52-week high.

On the technical charts, the RSI of the stock stood at 48.19.

The rally has been more pronounced since the company announced its December quarter earnings on Thursday where reported a consolidated PAT of Rs 123.50 crore which was up by 53% YoY. PAT margins increased from 11.4% in Q3 FY23 to 14.5% in Q3 FY24, the company filing said.

Entero Healthcare IPO price band has been fixed from Rs 1,195-1258 per equity share. Bids can be made for a minimum of 11 shares and in multiples thereafter. the shares are trading with a marginal premium of Rs 5 in the grey market.

The stock traded at a P/E multiple of 32.35, while the price-to-book value ratio stood at 6.39.

The stock quoted a 52-week high of Rs 1299.9 and a 52-week low of Rs 895.0.