Page 4 - Capri Global News Today

The pitch is ready for one of the biggest T20 cricketing events with the second edition of DP World International League T20 (ILT20) in UAE, streaming now on ZE

Qualitek Labs IPO: The SME IPO of Qualitek Labs opens for subscription today. The issue closes on January 22. The IPO is entirely a fresh equity issue of 19.64 lakh shares at Rs 100 apiece. For the period ended September 2023, the company recorded revenues of Rs 12.48 crore and a net profit of Rs 2 crore. The net proceeds from the public offer will be used for funding capital expenditure, repayment of borrowings, and working capital requirements.

After registering gains in the past two consecutive weeks, the BSE Smallcap index appears poised to conclude this week in the red.

Bank Nifty tumbled more than 4 percent, recording its biggest fall since February 2022 with all the 12 index stocks closing in the red

The Nifty Bank index was trading 2.19 per cent down at 47071.3.

Nifty on Wednesday ended 460 points lower to form a red candle on the daily chart with a decisive break below the 20-day moving average of 21,629. Both price and momentum indicators are pointing toward weakness.

The prospect of the BJPs potential re-election is generating positive expectations for sustained Capex contributing to the increased attractiveness of PSU stocks.

Top losers on the Nifty included Divis Laboratories, HCL Technologies, Wipro, NTPC and SBI Life Insurance, while gainers included BPCL, Tata Steel, Titan Company, ITC and Maruti Suzuki.

ITI Ltd, Capri Global, Newgen Software, Vaishali Pharma and Rane Eng Valve, hit their fresh 52-week highs during the day.

The Nifty Pharma index closed 1.14 per cent down at 17320.15.