Page 12 - Azad Engineering News Today

The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on

Innova Captab IPO: Successful investors will get equity shares in their demat accounts by December 28, while their shares will be available for trading on BSE and NSE with effect from December 29

Azad Engineering IPO: The Rs 740-crore issue is a combination of fresh issue of shares and OFS.

If the current trends are sustained, Azad Engineerings shares are expected to list at a premium of 53%. The issue was priced in the range of Rs 499-524.

Azad Engineering is expected to announce its share allotment status on Tuesday, December 26.The shares of Azad Engineering were subscribed 80.6 times.The shares

Syngene International has recently formed a double bottom pattern on the daily chart, complemented by a Morning Star pattern and notable volumes, signaling a bullish trend.

India Business News: The allocation of shares for the Azad Engineering IPO will be completed on December 26 through a lottery system overseen by the registrar. Investors c

Azad Engineering sold its IPO in the price band of Rs 499-524 apiece, with a lot size of 28 equity shares. The issue ran from December 20 to December 22.

Going long is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.

Azad Engineering IPO allotment has been finalised and investors can now check their allotment status online