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The company raised Rs 5.78 crore via anchor allotment in which 682,000 shares were allotted to NAV Capital VCC - NAV Capital Emerging Star Fund at a bid price of Rs 70 per share. The company also allotted 144,000 shares to LC Radiance Fund VCC.

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Manish Jain of Centrum PMS, discusses the investment framework focused on quality, risk, and reward for sustained long-term wealth creation. The strategy is bottom-up driven, emphasizing risk versus reward and valuations versus growth. The portfolio is diversified across sectors such as auto, chemicals, NBFCs, and affordable housing. Micro-cap names and a listed vineyard company are part of the portfolio, capitalizing on the lifestyle play. The focus is on leveraging the India growth story.

The Nifty Bank bounced back on Monday and rose more than 500 points to reclaim 45,000. The Nifty Bank rose 576 points to close at 45,442. The Nifty50 rallied 387 points to close at 21,739.

Sonal Varma believes the government will meet its fiscal deficit targets for FY24 and FY25 through offsetting factors and a slight slowdown in capex growth. For FY24, higher direct tax collections and dividends have been positive, while lower indirect tax collections and disinvestment proceeds have been negative. In FY25, Varma expects the government to set a deficit target of 5.3% of GDP based on assumptions of nominal growth and a slowdown in capex growth.

Umesh Revankar believes that the CV business will continue to grow due to the demand from individual operators and better network penetration. He does not see any lack of demand in the market and expects the second-hand CV market to be affected differently by the scrappage policy, which is voluntary and not compulsory.

The drugmaker is expected to report a 1.1% YoY drop in consolidated net profit to Rs 1,247 crore, according to the average of estimates given by seven brokerages. The company is scheduled to release its quarterly earnings on Tuesday.

The previous best single-day performance was seen during the Covid rally. In 2020, there were four instances when RIL stock had gained at least 10% with the best of 14.65% coming on 25th March 2020. In the last three months, the stock is up over 27% with analysts pinning hopes on the possibility of eventual listing of Reliance Jio and Reliance Retail after Jio Financial was spinned off into a listed entity last year.

Tata Tech’s headcount has increased by 8% from FY23-end despite ongoing ramp-down in Vinfast. This indicates that the company has been able to redeploy resources and back-fill Vinfast revenues.

In Monday’s trading session, five stocks witnessed a build of fresh short positions