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The company proposes to utilise the proceeds from the issue for setting up a new manufacturing plant in Maharashtra, meet working capital requirements and general corporate purposes.

Digikore Studios IPO will run between September 25-27 for which it has fixed a price band of Rs 168-171 per equity share. The IPO comprises a total of 17,82,400 equity shares, including a fresh issue of 1,260,800 equity shares and an offer for sale (OFS) of 5,21,600 equity shares.

The stock has given a consolidation breakout

A total of 144,236 shares changed hands on the counter till 10:25AM (IST)

"The offloading of the portfolio by ETFs has created the situation. It is not completely surprising though because on the other side, US bond yields have started firming up, as a result of which, flight of capital is expected to take place in the shorter term particularly for the leveraged funds."

Short-to-medium-term traders with high-risk profiles can look to accumulate the stock for a possible retest of August highs and it could well top 5000 levels in the next 3-4 months, suggest experts.

The stock quoted a 52-week high price of Rs 1147.95 and a 52-week low of Rs 677.85.

While holding interest rates, as was expected, Fed Chair Jerome Powell retained a hawkish bias in tone and projected one more 25-basis-point rate hike this year and 50 bps of rate cuts in 2024, versus 100 bps of 2024 cuts in June projections.

Here are 9 PSU stocks that paid the highest dividend yields in the past 12 months.

ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 558905.28 Crore) operating in Tobacco sector.