Wednesday, November 21, 2018

IPO ANALYSIS : DRS Dilip Roadlines Limited - Avoid

Image result for drs dilip roadlines pvt ltd



Issue Details :

Issue opens  / closes on
27-11 / 30-11-2018
Issue size
39,74,400 equity shares
Face Value
Rs 10
Price
Rs 75
Business
Transportation / logistics
Promoters
Dayanand Agarwal
Listings
Nse emerge
BRLM
Aryaman Financial Services
Registrar
BigShare

Tuesday, November 20, 2018

IPO ANALYSIS : SHREE KRISHNA INFRASTRUCTURE LTD - Avoid



Issue Details :

Issue opens  / closes on
15-11 / 22-11-2018
Issue size
9,00,000 equity shares
Face Value
Rs 10
Price
Rs 13
Business
Mktg / security services
Promoters
R R Kotia, A R Kotia
Listings
Bse sme
BRLM
Finshore Management Services
Registrar
Satellite Corp Services

IPO ANALYSIS : Roni Households Limited - Avoid


Image result for roni households limited


Issue Details :

Issue opens  / closes on
19-11/22-11-2018
Issue size
15,00,000 equity shares
Face Value
Rs 10
Price
Rs 20
Business
Trading - plastic granules, plastic products
Promoters
Harish Sirwani
Listings
Bse sme
BRLM
Aryaman Financial Services
Registrar
Big Share

IPO ANALYSIS : ICL Multitrading India Ltd - Avoid

Image result for icl multitrading india limited


Issue Details :

Issue opens  / closes on
19-11/22-11-2018
Issue size
19,93,600 equity shares
Face Value
Rs 10
Price
Rs 85
Business
Multi product distributing company - Animal feed, dairy and food beverages
Promoters / Ceo
R K Gola
Listings
Bse, sme
BRLM
Corporate Capital Ventures
Registrar
Big Share

Bitcoin falls further, trades below $4400 level

Image result for bitcoin


The price of bitcoin fell by another 7% to $4,387, in today's trading, taking its losses to almost 30% in the past week.

A 14% tumble in the price of the world’s biggest and best-known cryptocurrency on yesterday had taken bitcoin below $5,000 for the first time in 13 months. It is now at its lowest level since October last year.

Yes bank tanks 6% on director resignation

Image result for yes bank

 Yes Bank shares have dipped 6% and closed at Rs 192.50 in today's trade. 

The bank’s independent director R Chandrasekhar  has resigned from the bank yesterday.put in his papers.

RBI to inject Rs 8000 Cr through OMO

Reserve Bank  will inject Rs 8,000 crore into the system through purchase of government securities on November 22.

Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the following government securities under Open Market Operations for an aggregate amount of Rs 80 billion on November 22, 2018. 

Monday, November 19, 2018

Fiis pump in Rs 8285 Cr in November


Foreign investors have pumped in nearly Rs 8285 Cr  into the Indian capital markets so far this month, in view of improved macro situation. Foreign portfolio investors  had pulled out over Rs 21000 Cr from the capital markets, both equity and debt in September.

Friday, November 16, 2018

SBI chairman : NBFC liquidity crisis over, segment stable

Image result for nbfc



SBI's chairman  Chairman Rajnish Kumar has quelled fears of liquidity crunch in the NBFCs and said all of them have rolled over the debt that were set to mature till date.

All NBFCs have been able to meet their commitment as far as roll overs are concerned, Kumar said, on the sidelines of the 25th World Congress organised by the World Savings and Retail Banking Institute, SBI and National Bank for Agriculture and Rural Development. Kumar says that NBFC segment is stable and has good growth potential.