Stock Ideas – Morning Updates | Anand Rathi IPO | Stock In News | FII | DII | 23rd July
Written by Lucky Wilson | KGTO Writer on February 23, 2023
In this video, we have spoken about Market Outlook for the Day. Watch this video to know more.
#premarketnews #5paisamorningcuppa #stockideas #anandrathi #fii #dii
Nifty finds important support around 15700 while 15850 will act as resistance.
Bank Nifty finds support around 34300 while 35000 will act as resistance.
Cash Intraday- BUY CAREERP 153.30-154.30 SL 150 TGT 158
Derivative Future Call Intraday- BUY INDUSTOWER FUT AT 234.8 SL 232.50 TGT 237.50.
Stocks in News:
Mahindra Lifespace Developers: The company board to consider the proposal for issuance of bonus equity shares, subject to requisite approvals.
PSP Projects: The company has secured new work orders worth Rs 82.79 crore till date in the financial year 2021-22 for institutional and industrial projects from various clients.
Anand Rathi Wealth Limited: Anand Rathi Wealth Limited has filed its papers with the regulator for the IPO. As per market sources the issue size is expected to be around Rs1000cr. The Initial Public Offering is an Offer of Sale of up to 1,20,00,000 equity shares of the face value of Rs5 each by Promoter Selling Shareholders – Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta and Other Selling Shareholders – Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust, Jugal Mantri, and Feroze Azee. The Company will not receive any proceeds from the issuance.
Investment Bankers appointed to the issue are Equirus Capital Private Limited, BNP Paribas, IIFL Securities Limited and Anand Rathi Advisors Limited.
Reliance Industries, Ambuja Cements, JSW Steel, Federal Bank, United Spirits, Yes Bank, Artson Engineering, Atul, Aurionpro Solutions
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 247.59 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 942.55 crore in the Indian equity market on July 22, as per provisional data available on the NSE.
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