Piramal Enterprises' shares dipped 2.3% after the company announced plans for a public issuance of non-convertible debentures (NCDs). The decision will be finalized at a board meeting on Friday. While the stock has performed well over the past year and YTD, it's seen a slight decline recently and is currently trading below its 10-day EMA but above other key EMAs.
One person was killed and nine others injured in a shooting and fiery car crash Tuesday night north of Baltimore. Police Chief Robert McCullough said the shooting, which occurred near a funeral home, appeared to be a targeted, isolated incident involving individuals who knew each other. The incident began with a rolling gun battle that culminated in the car crash.
Unimech Aerospace's IPO opens on December 23rd. The price band is set at Rs 745-785 per share. The IPO includes a fresh issue and an offer for sale. The company aims to raise Rs 582 crore. Proceeds will fund expansion and debt repayment. Unimech manufactures parts for aerospace, defense, and other sectors.
A Kamaka Air training flight crashed into a building near Honolulu's airport. Two people died in the crash. The pilot reported loss of control. The plane hit a vacant state-owned building. Airport operations continued. Roads near the crash site closed. Governor Green offered condolences. An investigation is underway.
Exide Industries' shares will remain in focus as the company invested Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL), through a rights issue of 2.77 crore equity shares. The total investment in EESL now stands at Rs 3,152.24 crore, with no change in Exide Industries' shareholding percentage in EESL.
The Securities and Exchange Board of India (SEBI) convened a board meeting on December 18, 2024, to deliberate on key regulatory changes. These include stricter regulations for SME listings, broadening insider trading norms by encompassing additional categories under Unpublished Price Sensitive Information (UPSI), and establishing a framework for specified digital platforms (SPFs).
In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 17, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Ambuja Cements' shares rose after announcing the merger of Sanghi Industries and Penna Cement. Sanghi shareholders will receive 12 Ambuja shares for every 100 they own. This merger boosts Ambuja's cement production capacity, aiming to exceed 100 MTPA by the fiscal year-end. The move streamlines operations and enhances shareholder value.
So, you throw down your cards and you wait for the opponent to show their cards and then he makes a different play after that. So, it is a wait and watch. Markets have priced in one level of Trump moves post Jan 20th but let us see what actually comes, that could surprise, so that is one. As far as the Fed goes, a rate cut tomorrow and then a pause probably.
Identical Brains Studios' 20 crore SME IPO opened for subscription on December 18 and closes December 20. The VFX studio offers shares at 51-54 apiece, with a GMP of 38. Proceeds will fund office renovations, a new Lucknow branch, and working capital.
