As the I.T. sector was declining in trade, four technology companies hit 52-week high on Friday.
Fourth Dimension Solutions Ltd., Arham Technologies Ltd., Varanium Cloud Ltd. and Integrated Technologies Ltd. hit 52-week low on Friday Jan. 6.
Fourth Dimension Solutions Ltd. hit a 52-week low of Rs 120. Arham Technologies Ltd. was at Rs 79.80, Varanium Cloud Ltd. at Rs 1,234.30 and Integrated Technologies Ltd. at Rs 9.19.
Source: Bloomberg
Atul Bhatnagar who was acting as Joint Chief Financial Officer and Key Managerial Personnel of the Company has been redesignated as Chief Financial Officer, with effect from 6th January, 2023.
Source: Exchange filing
The broader market indices were trading lower; S&P BSE MidCap was down by 0.40%, whereas S&P BSE SmallCap was lower by 0.32%.
Eighteen out of the 19 stocks compiled by the BSE declined while only S&P BSE FMCG Index advanced.
The market breadth was skewed in favour of the bears. About 1,537 rose, 1,816 declined, and 142remained unchanged on the BSE.
If Asia looks better in aggregate on comparative valuations, there is one market where valuations are undoubtedly challenging. That is GREED & fear’s long-term favourite, India.
The Nifty Index now trades at 18.8x 12-month forward earnings, compared with a historic 10-year average of 17.2x. If this is somewhat of a concern tactically, the fact remains that India remains by far the best domestic demand story structurally in the Asia and emerging market universe.
Source: Greed & Fear note
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JG Chemicals, a part of Kolkata-based zinc oxide manufacturer BDJ Group, has filed documents with SEBI for an IPO.
The company will raise Rs 203 crore via new shares and existing shareholders will sell nearly 57 lakh shares in the IPO.
Source: Draft red herring prospectus
JG Chemicals, a part of Kolkata-based zinc oxide manufacturer BDJ Group, has filed documents with SEBI for an IPO.
The company will raise Rs 203 crore via new shares and existing shareholders will sell nearly 57 lakh shares in the IPO.
Source: Draft red herring prospectus
The market breadth was skewed in favour of the bulls. About 1,282 rose, 1,176 declined, and 139 remained unchanged on the BSE.
Macrotech Developers’s pre-sales in Q3 rise 16% YoY to a record Rs 3,035 crore.
Collections rose 26% to Rs 2,682 crore.
Company reduced its net debt by Rs 753 crore to Rs 8,042 crore.
Source: Exchange filing
The yield on the 10-year bond opened flat at 7.33% on Friday.
Source: Bloomberg
The local currency opened at 82.53 on Friday, appreciating 2 paise from Thursday's close. It closed at 82.55 on Thursday.
Source: Bloomberg
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