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Indian markets closed flat with gains in auto, FMCG, and IT. Vedanta, near its 52-week high, offers a new entry point. Swan Energy is recommended as a hold, while Eris Lifesciences presents a promising swing trade opportunity with a favorable risk-to-reward ratio.
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Godawari Power & Ispat secured a 7-year RLNG gas supply agreement with GAIL for its new pellet plant. The company's stock, which has performed well this year, closed at Rs 234.10 after a 1.6% rise. The stock is currently trading above its key moving averages.
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Inventurus Knowledge Solutions launched its Rs 2,498 crore IPO, open for bidding until December 16. The offer comprises 1.87 crore shares entirely through an OFS, with proceeds going to selling shareholders. Priced at Rs 1265-1329 per share, the IPO boasts a GMP of Rs 422. Analysts recommend subscribing, citing the company's strong position in the healthcare solutions market.
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