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The IPO, which was completely a fresh equity issue of 6.87 lakh shares, was booked 37 times at close on broad-based interest from investors.

The shares of Silkflex Polymers debuted on the NSE SME platform on Wednesday with a premium/discount of 15%. The stock was listed at Rs 60 as against an issue price of Rs 52 per share.

As of 31-Mar-2024, promoters held 46.73 per cent stake in the company, while FIIs held 18.28 per cent and domestic institutional investors had 16.82 per cent.

Nuvama estimates that the rebalancing of the MSCI Global Standard Index from May 31 will lead to an inflow of about $54 million as passive funds may end up buying around 10.4 million shares of the company.

Jyoti Vaswani discusses the potential of multi-billion dollar enterprises in the green energy space and its impact on equity markets. She provides insights on the US Fed moves, RBI, inflation, Q4 earnings, management commentary, Nifty performance as well as May trends. Vaswani says that since FY24 has seen a broad-based rally, FY 25 can be expected to be driven by sustained corporate earnings growth and policy continuity.

In the weekly options segment, the highest Call Open Interest (OI) is positioned at 22500, followed by 22300 strikes. Conversely, the highest Put Open Interest (OI) is situated at 22000, with additional concentration towards 21900 strikes.

Brokerage firm Macquarie retained a neutral rating on Shree Cement, while JPMorgan maintained a neutral rating on Apollo Tyres. UBS also upheld a neutral rating on Bharti Airtel, and Jefferies recommended a buy rating on Siemens.