New Research Reports

Despite surging 2x in the last three months, we see further steam in Gravita India (GRAV) stock. Regulatory tailwinds aiding availability of scrap in domestic market.

Techno-Derivative Outlook

In July 2024, the total value of credit card transactions continued the trend from June, and increased by 19.3% YoY, reaching Rs 1.7 lakh crore. Concurrently, the number of outstanding credit cards also grew, by 16.4% YoY. Private sector banks saw a 21.7% YoY rise in the value of transactions.

Adani Green Energy (AGEL) announced securing (Letter of Intent issued) supply of 5 GW of solar power to MSEDCL at the price of Rs2.70/kWh under the competitive bidding process initiated by the latter.

Perfectly aligned to capture sectoral tailwinds

IPO Note - Arkade Developers Limited Issue Snapshot: Issue Open: September 16 September 19, 2024 Price Band: Rs. 121 128 *Issue Size: Up to Rs 410 cr (Fresh Issue) Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 21.28 (March 31, 2024) Bid size: - 110 equity shares and in multiples thereof 100% Book built Issue

IPO Note: Western Carriers (India) Limited Issue Snapshot: Issue Open: September 13 September 18, 2024 Price Band: Rs. 163-172 *Issue Size: Up to Rs 492.88 cr (including Fresh issue of Rs 400 cr + Offer for sale of 5,400,000 eq shares Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 5 Book value: Rs 50.62 (March 31, 2024) Bid size: - 87 equity shares and in multiples thereof 100% Book built Issue