Author: MarketScope Daily
Indian benchmark indices faced a decline for the third consecutive session on Wednesday, December 18. The Sensex closed down by 502.25 points or 0.62%, finishing at 80,182.20, while the Nifty fell 137.15 points or 0.56%, ending at 24,198.85. The market saw a broad sell-off, with 1,379 shares advancing, 2,456 shares declining, and 92 remaining unchanged. Sectoral Performance and Stock Highlights The majority of sectoral indices closed in the red, with notable losses in sectors like auto, energy, PSU banks, metal, media, and realty, which saw declines ranging from 0.5% to 2%. However, the pharma sector bucked the trend, rising by…
Aurionpro Solutions’ share price on the BSE jumped significantly by 8%, reaching an intraday high of Rs 1,868.8 during trading. The surge came after the company’s subsidiary unveiled AryaXAI, a cutting-edge addition to its Enterprise AI suite. Aurionpro’s market capitalization now stands at Rs 10,288.21 crore. The stock’s 52-week high is Rs 1,989.95, while its low is Rs 897.5. Catalyst: AryaXAI’s Industry Impact The launch of AryaXAI is a pivotal moment for Aurionpro, as the product addresses growing demand for transparency and accountability in AI systems. Designed for industries such as financial services, healthcare, and defense, AryaXAI ensures responsible AI…
Shares of MobiKwik Systems surged during their debut on the BSE, delivering a remarkable return to investors. The stock opened at Rs 442.25, reflecting an initial premium of 58.51%, and has since fluctuated between a high of Rs 524 and a low of Rs 439.20. Over 1.45 lakh shares have already changed hands, underscoring the stock’s popularity among investors. A Strong IPO Backing The initial public offer (IPO) of MobiKwik Systems received an overwhelming response, with subscriptions reaching 119.38 times. The IPO was open for bidding from December 11 to December 13, 2024, with a price band of Rs 265…
Indian equity markets witnessed a notable decline on Tuesday, December 17, 2024, as both the Nifty and Sensex ended the day lower. The Nifty closed below 24,350, down by 332.25 points or 1.35% at 24,336, while the Sensex lost 1,064.12 points, or 1.30%, closing at 80,684.45. The market breadth was decidedly negative, with 2,360 shares declining compared to 1,497 advancing, while 85 shares remained unchanged. Sectoral Performance All sectoral indices closed in the red, reflecting broader market weakness. Key sectors such as auto, banking, energy, metal, and oil & gas saw declines of around 1% each. The auto sector came…
The much-anticipated Vishal Mega Mart IPO allotment status has been officially announced, providing clarity for investors who participated in the hypermarket chain operator’s public offering. As the stock prepares for its debut on the exchanges, here’s everything you need to know about the IPO allotment, how to check your status, and what investors can expect on the listing day. IPO Allotment Status and Timeline Vishal Mega Mart has finalized the basis of allotment for its IPO. Investors who participated in the subscription process can now check their allotment results. As per the T+3 listing rule, shares are expected to be…
Indian equity markets faced a sharp downturn on Tuesday, December 17, as the Sensex and Nifty50 posted significant losses for the second straight session. Weak global cues, a widening trade deficit, and cautious investor sentiment ahead of key events weighed on the benchmarks. The BSE Sensex plunged 807 points, or 1%, hitting an intra-day low of 80,941.61, while the NSE Nifty50 fell 247.75 points, or 1%, reaching a low of 24,420.5. As of 11:22 AM IST, Nifty is trading at 24,457.05, down 0.86%, while Sensex is at 81,141.48, down 0.74%. Despite the broader market showing relative resilience, key index heavyweights…
Indian equity markets ended the day on a negative note on Monday, December 16, with Sensex falling by 384.55 points or 0.47%, closing at 81,748.57, while the Nifty slipped by 100.05 points or 0.40%, ending at 24,668.25. Market Overview The broader market showed mixed performance, with a notable outperformance in the midcap and smallcap indices. The BSE Midcap and Smallcap indices rose by 0.5% each, signaling growing investor interest in mid and small-cap stocks. However, the market sentiment was weighed down by the IT and metal sectors, while realty and media sectors stood out as strong performers. Sectoral Performance Among…
The initial public offering of MobiKwik Systems has generated considerable investor interest, with the issue being oversubscribed 119.38 times. The IPO received a total of 141.72 crore bids for the 1.18 crore shares on offer, reflecting substantial demand across different investor categories. Subscription Details Here’s how the demand for MobiKwik’s IPO was distributed across various investor categories: IPO Details: Price Band, Issue Structure, and Objectives The IPO, which was open for subscription from December 11 to December 13, 2024, offered shares in the price band of Rs 265 to Rs 279 per share. The total amount the company aims to…
Dhanlaxmi Crop Science, a technology-driven seeds company, made a stellar debut on the NSE SME platform, listing at Rs 104.50 per share—a 90% premium over its IPO price of Rs 55. Shortly after the listing, the stock surged further by 4.97% to Rs 109.70, hitting the upper circuit limit. By mid-morning, 1.3 million shares had changed hands, generating a turnover of Rs 13.92 crore before trading was halted. Record IPO Subscription The Rs 23.80-crore IPO, which closed on December 11, 2024, witnessed overwhelming demand, oversubscribed 555 times. The issue comprised 43.28 lakh fresh equity shares, priced between Rs 52 and…
Free Cash Flow (FCF) is a financial metric that indicates the cash a company generates after accounting for operational expenses and investments in capital assets. It reflects the money available to repay creditors, distribute dividends, and invest in growth opportunities, making it a vital measure of financial health. Unlike earnings or net income, FCF provides a more comprehensive view by incorporating capital expenditures and changes in working capital, offering insights into a company’s real profitability. Importance of Free Cash Flow Free cash flow serves as a critical indicator of a company’s financial stability and operational efficiency. It helps investors and…