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Shish Industries has proposed to issue 2 fully paid-up equity shares of INR10 each for every 1 fully paid-up equity share held by shareholders as on the record date. The firm will issue 2.27 crores equity shares as part of the bonus announcement. Bonus equity shares will be issued out of free reserves created out of profits and securities premium accounts. Bonus shares increase stock liquidity, making it affordable for investors. Shish Industries manufactures plastic containers and packaging solutions, and its stock has risen by 153% this year, delivering multibagger returns.

IdeaForge has raised funds from anchor investors. Among the numerous participating investors were Nomura, Invesco, Goldman Sachs, and Tata AIG General Insurance. IdeaForge has a significant share in the Indian unmanned aircraft systems market at roughly 50%.

IdeaForge, the leading drone maker in India, has raised approximately INR254 crore ($34 million) from anchor investors ahead of its initial public offering (IPO). Among the numerous participating investors were Nomura, Invesco, Goldman Sachs, and Tata AIG General Insurance. IdeaForge has a significant share in the Indian unmanned aircraft systems market at roughly 50%. The public offer is slated to run from 26 to 29 June, with a price range of INR638 to INR672 per share. The drones primarily serve customers in surveillance, mapping, and surveying sectors. Proceeds from the IPO will be used for investments in product development and paying off certain indebtedness.

Dow falls 111.05 points at the open to 33,835.66, S&P 500 opens lower by 27.72 points and Nasdaq Composite drops 146.51 points at the opening bell.

In this article, we delve into these three stocks. Gain insights into the implications of these patterns and learn more about these companies to make informed investment decisions.

Here are 5 headwinds listed by independent market expert Ajay Bodke that investors should watch out for​

The bullish harami cross candlestick pattern has been observed for Indiabulls Housing Finance, 3M India, and Ingersoll-Rand (India) companies; the pattern points to a shift from bearish to bullish market sentiment. However, investors must carry out a thorough analysis of financial and industry indicators before making any investment decisions.

Indian stocks of Vodafone Idea, Gujarat Narmada Valley Fertilizers & Chemicals, and Indian Railway Catering and Tourism Corporation (IRCTC) have breached the 200-day Simple Moving Average. Potential investors are advised to scrutinize the financial performance, strategies, expansion plans, government policies, and market conditions of these companies before investing. Although these stocks indicate an opportunity to invest, a thorough analysis and understanding of the associated parameters are crucial before making an investment decision. However, these observations are not recommendations, and investors may take guidance from relevant subject matter experts before incurring any investments.

The Indian rupee closed the week lower but outperformed its Asian counterparts due to increased foreign inflows and the absence of dollar demand from oil companies. Foreign investors invested about $1.4bn in Indian equities between Monday and Wednesday. Meanwhile, the offshore Chinese yuan was down 1.3% for the week, the Korean won lost 2.5%, and the Thai baht fell 1.7%. The near-term implied volatility on the rupee remained low, with the 1-month near 3%.

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