Overall, the most bullish bet suggests Sensex at 72,000 and Nifty at 21,500. The most bearish bet sees Sensex at 55,500 and Nifty at 16,500.
The Relative Strength Index of the stock stood at 48.75 on Monday.
Reliance Securities said Policybazaar IPO is valued at 22.1x FY21 book value and 46x on market cap to FY21 sales, which looks stretched.
Γ’β¬ΕIn case of IRCTC, the government needs to come out with its policy in terms of the concession fees and the sharing ratio which will remove the overhang for the company as well as have a clear stated policy for all its PSUs which are listed. Γ’β¬Β
Banking is expected to do well over the next 12 to 18 months specifically given the fact that the NPA cycle is behind us, the credit growth is picking up.
Γ’β¬ΕWe believe investors should trade carefully in the coming 2-3 days as international markets may have some uncertainty or challenges before the coming FOMC meeting,Γ’β¬Β said Mohit Nigam, Head - PMS, Hem Securities.
The IPO of SJS Enterprises is a complete offer for sale exercise of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares with Rs 90 crore by KA Joseph.
The smallest IPO in this group has not been the talk of the town, though analysts covering the issue are bullish on the company.
Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 103318.12 Crore) operating in Cement sector.
The domestic steel giant reported an over 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 30, 2021. The company had posted Rs 436.52 crore net profit in the year-ago quarter.
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