Page 3 - Tridhya Tech News Today

The Nifty Bank index was trading 0.28 per cent up at 44639.65.

It is pouring heavily not only in North India, but at Dalal Street too. However, the latter is seeing a flurry of initial public offers (IPOs). After a busy fortnight that ended on July 7 with seven IPOs - IdeaForge Technology, Cyient DLM, PKH Ventures, Pentagon Rubber, Global Pet Industries, Tridhya Tech, and Synoptics Technologies -- four more IPOs will hit the Street this week, including one mainboard IPO of Utkarsh Small Finance Bank. That apart, Indias largest securities depository National...

The momentum may sustain despite possible intermittent consolidation and correction in the coming week, with focus on the inflation print both in India and the US, while there will be some stock-specific actions as the corporate earnings season begins next week

Electronics manufacturing services and solutions provider Cyient DLM looks set for a big-bang debut on July 10. Its final issue price has been fixed at Rs 265 a share

The market in the coming week will first react to June auto sales numbers announced over the weekend and further updates related to HDFC-HDFC Bank merger effective from July 1.

The second half of the year is expected to see a number of companies launching their initial public offerings (IPOs). Senco Gold, PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription. Senco Golds IPO will open on July 4, while PKH Ventures IPO began on June 30. In addition, four SMEs will also bring their public issues this week. Alphalogic Industries IPO will open on July 3, and Global Pet Industries, Tridhya Tech, and Synoptics Tech...

In the following week, several factors are in place that are likely to decide the trajectory for markets. These include key macroeconomic data points in India and across major developed economies, and a lot of corporate news developments.

The markets in the coming week are expected to react to the June auto sales numbers that were released over the weekend and the HDFC-HDFC Bank merger that will be effective from July 1.

India Business News: AHMEDABAD: Ahmedabad-based software development company, Tridhya Tech Ltd plans to raise up to Rs 26.

Ahmedabad-based Tridhya Tech is set to launch an SME public issue, aiming to raise up to INR 26.41 crore. The issue will open on June 30 and close on July 5, with a price band of INR 35-42 per share. The company plans to use the proceeds for loan repayment and general corporate purposes. Following the IPO, Tridhya Techs shares will be listed on the SME Emerge Platform of the National Stock Exchange.