Latest Market News Today highlights August 20, 2024: Unimech Aerospace and Manufacturing Limited files draft papers for ₹500 crore IPO

IPO News Today Live Updates: Unimech Aerospace and Manufacturing Limited files draft papers for ₹500 crore IPO

• Unimech Aerospace and Manufacturing IPO, priced at ₹5 per equity share, consists of a fresh issue of up to ₹250 crore and an offer for sale of up to ₹250 crore by Promoter and Promoter Group Selling Shareholders.

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IPO News Today Live Updates: Advent International backed Manjushree Technopack files DRHP with SEBI to raise nearly ₹3,000 crore via IPO

• Advent International-backed Manjushree Technopack filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise nearly ₹3,000 crore from its public issue, according to the company release.

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Commodity News Today Live Updates: Gold continues to surge as dollar weakens, rate-cut expectations grow; silver plunges

• Spot gold edged up 0.1% to $2,507.45 per ounce, after reaching an all-time high of $2,531.60 earlier in the session. Meanwhile, U.S. gold futures climbed approximately 0.2% to $2,545.60.

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Commodity News Today Live Updates: Oil prices hover near two-week low over easing MidEast tensions, weak China data; Brent at $77/bbl

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IPO News Today Live Updates: Interarch Building Products IPO subscribed over 10 times on day 2 of issue, NIIs steal the show; Latest GMP here

• Interarch Building Products IPO subscribed over 10 times on day 2 of issue, NIIs steal the show; Latest GMP here

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IPO News Today Live Updates: Orient Technologies IPO: Mumbai-based firm garners ₹64.43 crore from anchor investors ahead of public issue

• The company announced to the stock exchanges that it allocated 31,27,572 equity shares at ₹206 per share to anchor investors on Tuesday, August 20, 2024.

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Stock Markets Today Live Updates: Sebi proposes permitting rights issues without merchant bankers and allotment shares to specific investors

• In a consultation paper released on Tuesday titled ‘Faster Rights Issue With Flexibility of Allotment to Selective Investors,’ SEBI is considering eliminating the current requirement of filing a Draft Letter of Offer (DLoF) with the regulator for obtaining observations.

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Stock Markets Today Live Updates: Stocks to buy: Bajaj Consumer Care to ICICI Bank—SMC Global Securities lists four stocks to bet on this week

• Stocks to buy: Bajaj Consumer Care to ICICI Bank—SMC Global Securities lists four stocks to bet on this week

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Stock Markets Today Live Updates: Wall Street today: US stocks edge lower, Fed in focus

• The Dow Jones fell 0.05%, the S&P 500 fell 0.10%, the Nasdaq dropped 0.15%

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Stock Markets Today Live Updates: Cyient approves sale of 14.50% stake worth 1.15 crore shares in Cyient DLM via block deal

• Cyient approves sale of 14.50% stake worth 1.15 crore shares in Cyient DLM via block deal

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Stock Markets Today Live Updates: Recent tariff hikes will drive higher ARPU for telecom operators, says Centrum Broking

• In the Indian wireless market, Bharti Airtel leads with an industry-high ARPU of ₹211 for the quarter, up from ₹209 in Q4FY24. Meanwhile, Jio reported a flat ARPU of ₹182 per month, remaining unchanged sequentially.

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Stock Markets Today Live Updates: Time Technoplast is SBI Securities’s ‘top pick of the week’ after a 121% surge in 2024 YTD; 6 reasons why

• SBI Securities has chosen Time Technoplast as its top stock pick, citing attractive valuations, robust financials, and strong volume growth. The stock has surged over 121 percent in 2024 YTD and has a target price of ₹464, implying a 19 percent upside.

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Stock Markets Today Live Updates: GIFT City regulator halts approvals for local family offices to invest abroad over tax concerns: Report

• GIFT City regulator halts approvals for local family offices to invest abroad over tax concerns: Report

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IPO News Today Live Updates: Ideal Technoplast Industries IPO to open for subscription tomorrow; check GMP, price band, issue size, key dates.

• Ideal Technoplast Industries IPO opens on August 21 and closes on August 23, with shares priced at ₹121 each. The IPO aims to raise ₹16.03 crore, and shares are expected to list on NSE SME on August 28.

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Stock Markets Today Live Updates: 7 cement stocks plunge up to 11% in August so far: Should investors buy the dip?

• In the current month so far, shares of Shree Cement have fallen by 11%, while those of ACC, Ambuja Cements, and Sagar Cements have dropped by 10.4%, 8%, and 7%, respectively. Other stocks, such as Dalmia Bharat, JK Cement, and Ramco Cements, have tumbled in the range of 2%–5% in August so far.

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Stock Markets Today Live Updates: Top Gainers and Losers today on 20 August, 2024: SBI Life Insurance Company, HDFC Life Insurance Company, Oil & Natural Gas Corporation, Bharti Airtel among most active stocks; Check full list here

• Top Gainers and Losers Today : The Sensex gained 378.18 points, or 0.47, to settle at 80424.68, while the Nifty gained 126.2 points, or 0.51, to close at 24572.65.

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IPO News Today Live Updates: QVC Exports IPO price band set at ₹86 per share; SME issue to open on August 21

• QVC Exports IPO price band has been fixed at ₹86 per share. The company plans to raise ₹24.07 crore from the fixed price issue which is a combination of fresh issue of 20.5 lakh equity shares worth ₹17.63 crore and an OFS of 7.49 lakh shares aggregating to ₹6.44 crore.

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Stock Markets Today Live Updates: Jackson Hole: Will Fed Chair Jerome Powell signal rate cuts? How may it impact the Indian stock market? Experts weigh in

• Experts anticipate Fed Chair Powell will hint at a 25 bps rate cut in September during the Jackson Hole Economic Symposium, but caution that decisions will remain data-dependent.

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Stock Markets Today Live Updates: Multibagger small-cap stock Hazoor Multi Projects jumps 5% after receiving MSIDC order worth ₹273 crore

• Multibagger stock: The small-cap company has been declared lowest bidder for the ₹273.74 crore project at the MSIDC

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Cryptocurrency Today Live Updates: Bitcoin struggles to rebound, update on WazirX cyberattack, market losses update, and more…

• Bitcoin fell 9% in August, facing challenges from potential US government sales while global stocks and bonds gained. Analysts expect the price drop to be temporary.

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Stock Markets Today Live Updates: Ashish Kacholia portfolio: Deven Choksey sees 50% upside in this chemical stock

• Ashish Kacholia portfolio: Fineotex Chemical share price is consolidating with support at ₹330-320 and resistance at ₹410. Deven Choksey Research predicts a 50.7% potential increase, advising investment. Q1FY25 revenue grew 7.3% to ₹141.9 crore, with net profit up 11.7% to ₹29.2 crore.

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Mark To Market Today Live Updates: Why Balkrishna Industries is on a slippery slope

• For FY25, Balkrishna’s management has guided for marginal volume growth due to subdued demand in both industrial and agricultural tyre segments.

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Stock Markets Today Live Updates: ICICI Direct’s Top Momentum Picks: NBCC, HPCL; sees 8% upside in 30 days

• ICICI Direct has identified 2 stocks – NBCC and Hindustan Petroleum Corporation Ltd as its top momentum picks. The brokerage sees a potential upside of 8 percent on these stocks from the new target prices with a duration of 30 days.

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Stock Markets Today Live Updates: This midcap IT stock is down 15% this year so far; ICICI Direct sees a 25% upside potential; here’s why

• Sonata Software has faced pressure this year, losing 15 per cent year-to-date (YTD), but ICICI Direct maintains a buy call with a target price of ₹770, citing strong long-term growth driven by AI and large deals.

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Stock Markets Today Live Updates: Nifty 50 September rejig: Bharat Electronics, Trent likely to replace LTIMindtree, Divi’s Labs in 50-stock index

• Nifty September Rejig: The potential inclusion will be dependent upon the approval of futures and options (F&O) inclusion for Zomato and Jio Financial Services (JFS) by the SEBI before the announcement by NSE indices in August.

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Stock Markets Today Live Updates: Orient Technologies IPO: 10 key points to know before you subscribe to the issue

• The price band for the offer has been fixed at ₹195–206 per equity share, with a face value of ₹10 each. The net offer will be reserved for qualified institutional buyers at 50% of the total offer size, non-institutional investors at 15%, and retail investors at 35%.

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Stock Markets Today Live Updates: KEI Industries and Polycab India stocks surge upto 9% on bullish UBS report; here’s what it says

• KEI Industries and Polycab India stocks surged following UBS’s bullish report, which initiated a ‘buy’ recommendation due to India’s electrification drive. UBS set a price target of ₹6,150 for KEI and ₹8,550 for Polycab, predicting robust growth for the cables and wires sector.

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Stock Markets Today Live Updates: Saraswati Saree Depot share pirce hits upper circuit after listing at strong premium. Buy, sell or hold?

• Saraswati Saree Depot share price opened at over 25% premium on the Indian exchanges

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IPO News Today Live Updates: Rekha Jhunjhunwala-backed Baazar Style Retail IPO to hit D-Street next week

• Baazar Style Retail IPO is set for late August or early September. The IPO features ₹185 crore in new equity and an OFS of 1.68 crore shares. Fiscal 2023 saw a profit of ₹5.10 crore, up from a loss the previous year.

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Stock Markets Today Live Updates: Mutual funds, retail shareholding in Indian stock market at record high; FII stake slips to 12 year-low

• The share of retail investors reached an all-time high of 7.64% as on June 30 from 7.52% on March 31, while the share of HNI investors decreased slightly to 1.98% from 2.00%, QoQ. As such, the combined retail and HNI share increased to 9.62% from 9.52%, the data showed.

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Mark To Market Today Live Updates: Metro Brands is losing its mojo, but its stock remains richly valued

• The stock is trading at a lofty 87 times FY25 earnings, which shows investors have high expectations. These aren’t in sync with reality, though.

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Stock Market News Today Live Updates: Paras Defence stock hit the upper circuit in the past two days, but analysts are not so optimistic

• Analysts said the company’s valuation has already outpaced its fundamentals and it is only a matter of time before investors realise this.

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Stock Markets Today Live Updates: Axis Securities reveals top 5 bank and NBFC stocks after Q4 results: ICICI, SBI, Nippon Life & more

• Axis Securities identified ICICI Bank, SBI, and Federal Bank as top picks in banking, and CIFC and Nippon Life in NBFCs, due to healthy growth and margin stability despite Q1FY25 challenges.

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Stock Markets Today Live Updates: Trent stock rises 19% in 6 sessions post Q1 earnings; will ₹7,000 be the next stop?

• Trent’s stock rose 19% after strong June quarter results, reaching ₹6,750 per share. Analysts raised target prices, and Trent is joining the Nifty50 index in 2024. The company’s aggressive expansion and improved earnings are seen as key growth drivers.

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Stock Markets Today Live Updates: Patanjali Foods share price surges over 25% in three months; ‘deploy buy on dips’ suggests analyst

• Patanjali Foods share price have surged over 25% in three months, with Systematix Institutional Equities giving a ‘BUY’ rating and a target price of ₹2,259. The brokerage expects revenue to exceed ₹40,000 crore by FY27, with the FMCG business contributing significantly.

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Stock Markets Today Live Updates: Mazagon Dock shares in focus after ICICI Sec’s 77% downside call; Deepak Shenoy asks “What do you do when…”

• Deepak Shenoy, CEO of Capitalmind, highlighted the brokerage’s track record, pointing out that ICICI Securities had released four reports over the past year, each predicting a 60%-77% downside for Mazagon Dock Shipbuilders shares.

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Stock Market News Today Live Updates: Secondary market explosion: startups and investors reap rewards

• Rising private market valuations and capital gains tax cuts are driving a surge in secondary transactions for startups. Investment bankers report significant pre-IPO stake sales, with new secondary-only funds forming to exploit market opportunities.

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Stock Markets Today Live Updates: These proxy small cap stocks could help you ride the electronics wave

• With the stocks of electronics makers such as Voltas and Blue Star priced to perfection, investing in the companies that supply materials to them could be the wiser choice.

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Stock Markets Today Live Updates: Hi-Tech Pipes stock extends bull run for 9th straight day, gains 5.5% on ₹105 crore order win

• Hi-Tech Pipes’ shares hit a record high of ₹192.8 following a ₹105 crore order for ERW steel pipes. The company plans to raise up to ₹600 crore via various securities and reported significant revenue and profit growth in Q1 FY25.

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Commodity News Today Live Updates: MCX gold rate today ₹3000 away from life-time high. Should you buy amid US Fed rate cut buzz?

• Gold rate today: Experts believe more upside in gold price today as US Fed rate cut buzz is gaininig momentum ahead of the release of US Fed minutes

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Stock Markets Today Live Updates: Zomato share price drops around 1% after Alibaba arm Antfin’s stake sale worth ₹5,438.50 crore

• Antfin Singapore Holding, a subsidiary of Alibaba Group, reportedly sold a 2.4% stake in Zomato, worth ₹5,438.50 crore, in a block deal. The sale comes after Zomato’s strong quarterly performance, which has driven up its stock price significantly.

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Stock Market News Today Live Updates: Drs Dilip Roadlines, Jet Airways (India) & others hit 52 week low today ;Check the full list here?

• Following shares hit their 52 week low today – Drs Dilip Roadlines, Jet Airways (India), Arman Financial Services, GSS Infotech, A&M Jumbo Bags

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Stock Market News Today Live Updates: ICICI Lombard General Insurance Company, Tata Consultancy Services & others hit 52 week high today ; Do you own any?

• Following shares hit their 52 week high today – ICICI Lombard General Insurance Company, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical Industries, Colgate Palmolive India

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Stock Markets Today Live Updates: Garden Reach Shipbuilder share price falls 8.5% in three days. Will it rebound?

• Garden Reach Shipbuilders share price is down more than 25% in the past one month and it has fallen over 35% from its 52-week high of ₹2,834.60 apiece hit on July 05. Analysts are bearish on the multibagger PSU stock and expect a major downside.

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Commodity News Today Live Updates: Gold and silver prices today on 20-08-2024: Check latest rates in your city

• Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.73455.0 in Delhi whereas 1 kg of silver was Rs.83460.0 in Delhi.

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Stock Markets Today Live Updates: Allcargo Logistics share price surges 12% on business update boost

• Allcargo Logistics share price witnessed a sharp jump of about 12 per cent in morning trade on BSE on Tuesday, August 20, buoyed by its healthy monthly operational update.

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IPO News Today Live Updates: Positron Energy share price makes a bumper debut, stock opens with 90% premium at ₹475 apiece on NSE SME

• Positron Energy share price opened at ₹475 on NSE SME, marking a 90% increase from its issue price of ₹250.

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Stock Markets Today Live Updates: Unicommerce eSolutions stock climbs another 16% to new peak, up 144% from its IPO price

• With today’s intraday high, the stock is now trading 144.5% above its IPO price. Following this stock’s bumper listing, analysts have maintained a positive outlook on the stock.

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Stock Markets Today Live Updates: Stocks in focus: Ruchit Jain of 5paisa recommends buying Hindalco Industries, and Shriram Finance today

• Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today – Hindalco Industries Ltd, and Shriram Finance Ltd.

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IPO News Today Live Updates: Sunlite Recycling Industries shares list with 90% premium at ₹199.50 apiece on NSE SME

• Sunlite Recycling Industries shares made a stellar stock market debut as the stock was listed at ₹199.50 apiece on NSE SME, a premium of 90% to the issue price of ₹105 per share.

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