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The Centre has decided to exercise the greenshoe option in the Cochin Shipyard OFS after it received bids worth over Rs 1,900 crore from institutional investors on Wednesday. Institutional investors oversubscribed the portion of shares by placing bids for 1.28 crore shares as against 59.19 lakh shares offered.
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After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200, indicating a potential shift in momentum. This change in polarity suggests a cautious approach as the market navigates this critical juncture.
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News and Media
The cost of living is always important but this month's has a particular extra impact for millions of people.
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News and Media
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