Tamilnad Mercantile Bank (TMB), is one of the oldest banking institutions in South India with a pedigree of more than 100 years. Now, Tamilnad Mercantile Bank has filed its draft red herring prospectus (DRHP) with SEBI for its proposed Rs.1,000 crore

SEBI has approved the IPO proposals of Chemspec Chemicals and Northern Arc Capital. Both these companies had filed the DRHP with SEBI towards the end of July. While Chemspec Chemicals is a specialty chemicals company, Northern Arc is a non-deposit ta

Penny Stocks are stocks that trade at a low price and have a low market capitalisation. Penny stocks are also popularly known as nano-cap stocks, micro-cap stocks, and small-cap stocks, depending on the company’s market capitalisation. Market capit

5 Mantras for Debt Mutual Funds 1. Fixed Income Securities: Debt mutual funds, managed by professional managers, invest in a range of fixed-income or interest-bearing securities. When you invest in a debt mutual fund, you are essentially lending t

5 Mantras for Trading Derivatives 1. The underlying is what matters: Derivatives get their value from an underlying asset. This could be a stock, commodity, currency, or even interest rates. Since the value is derived from an underlying asset, we

5 Mantras of Technical Trading 1. A way to analyse: Technical analysis looks at things like prices, trading volume, and price movements to understand the direction in which an investment would move and indicate entry and exit levels

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the

The Rs.570 crore IPO of Ami Organics, consisting of Rs.200 crore fresh issue and Rs370 crore OFS, was subscribed 64.54X overall at the close of bidding on 03 September. The basis of allotment will be finalized on 08 August. If you have applied for th

The Rs.1,895 crore IPO of Vijaya Diagnostic Centre, consisting entirely of an offer for sale (OFS), was subscribed 4.54X overall at the close of bidding on 03 September. The basis of allotment will be finalized on 08 September. If you have applied fo

One narrative you heard in the last few days is that defensive stocks have done very well. What exactly are defensive stocks? There are no hard and fast classification, but defensive stock have 3 characteristics. Firstly, demand for their products is

On 03-Sep, shareholders of Jindal Steel & Power (JSPL), approved the proposal to sell 96.42 stake in Jindal Power Limited to Worldone. It must be noted that Worldone is a promoter group company of the Jindal family. The special resolution was pa

On Friday, 03 September Reliance rallied 4.12 and achieved one more milestone. It became the first Indian company to cross Rs.15,00,000 crore market capitalization. At the current exchange rate, that translates into $205 billion. The Reliance stock