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Sudeep Shah, Head of Technical & Derivatives Research at SBI Securities, predicts that BSE, PB Fintech, and Paytm stocks will likely rise in the coming week. BSE has broken out of an ascending triangle pattern, while PB Fintech has confirmed a stage-2 cup pattern breakout, both supported by strong volume. Paytm is expected to maintain its upward trend as it continues to form higher peaks and troughs, with bullish momentum indicators suggesting further gains.
LG Electronics India has filed a draft red herring prospectus with Sebi for a public issue expected to exceed Rs 15,000 crore, positioning it among India's largest IPOs alongside major firms like Hyundai Motor India and LIC. The offer will consist of up to 10.18 crore equity shares, with no proceeds going to the company. Lead managers for the issue include Morgan Stanley, JPMorgan, Axis Capital, BofA Securities, and Citi.
SEBI is set to review the Key Performance Indicators (KPI) disclosure framework introduced in 2022, which mandates IPO-bound companies to disclose past transactions and fundraising details. The move aims to enhance transparency for investors, especially as many digital companies prepare to list amid concerns over profitability and valuation drops. Feedback from industry bodies is being sought to strengthen the existing rules, reflecting SEBI's dissatisfaction with current disclosure levels.
Shares of Paytm and CAMS surged 3 percent, reaching 52-week highs of Rs 952 and Rs 5,098.80, respectively. CAMS has seen an 89 percent increase year-to-date, while Paytm has gained 47 percent. Their inclusion in the F&O segment is expected to enhance liquidity and open new trading opportunities, also qualifying them for potential entry into the Nifty 50 index.
Nifty's potential to reclaim the 24,000 mark is under scrutiny as Paytm and Zomato join 45 new stocks in the Futures & Options segment starting today. Market participants are keenly watching these developments for insights into future trading dynamics.
BSE Ltd has revised the price band of 44 stocks, including Adani Total, LIC, Zomato, and Paytm, to 10%, effective November 29, 2024. This change applies to various companies across sectors, aiming to standardize trading limits. The full list includes notable firms like DMart, Yes Bank, and Jio Financial Services.
The F&O segment is set to welcome 45 new stocks, increasing the total to 223 available for trading. Key names include LIC, Jio Financial Services, BSE, Avenue Supermarts, Adani Energy Solutions, Adani Green Energy, Nykaa, Paytm, YES Bank, and Zomato. It remains uncertain if any existing stocks will be excluded as the NSE reviews its indices biannually.
Paytm's stock has surged to a 13-month high following UBS's target price increase to ₹1,000 from ₹490, while maintaining a 'neutral' stance. Analysts highlight potential growth from improved payment margins and lending operations, despite unresolved regulatory challenges, including the pending payment aggregation license from the RBI. The company reported a net profit of ₹928 crore for Q2FY25, largely due to a gain from selling its ticketing business, yet remains 51.81% below its all-time high of ₹1,955.
BSE Ltd has announced the introduction of futures and options contracts on 43 individual stocks, including three Adani companies, Paytm, and Zomato, effective December 13. Details of the derivative contracts will be available in the derivatives contract master file generated at the end of the day on December 12, 2024.
Gautam Adani and several associates have been charged in a $250-million bribery case linked to energy projects in India, causing a significant sell-off in Adani stocks and erasing Rs 2.3 lakh crore in market capitalization. Despite the Adani Group's dismissal of the allegations as "baseless," investor anxiety has surged, reminiscent of past turbulence following the Hindenburg incident. While some experts express concern, international brokerage Bernstein suggests the market's reaction may be a temporary overreaction.
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Stocks to Watch: BSE PB Fintech and Paytm Set for Gains
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Kalyan Jewellers India Limited
CAMS
Macrotech Developers Limited
Union Bank of India
Cyient Limited
CESC Limited
Max Healthcare Institute Limited
Sona BLW
Jio Financial Services Limited
Oil India Limited
KEI Industries Limited
APL Apollo Tubes Limited
Zomato Limited
State Bank of India
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NCC
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Jindal Stainless Limited
The Supreme Industries Limited
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JSW Energy Limited
CG Power
KPIT Technologies Limited
SJVN Limited
PB Fintech Limited
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Tata Elxsi Limited
Delhivery Limited
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Paytm
HFCL Limited
NHPC Limited
IRFC
Indian Bank
Tube Investments of India Limited
Varun Beverages Limited
HUDCO
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14:22 28.11.2024
ew stocks to join f&o segment expanding trading options to 223
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Paytm stock surges as UBS raises target price amid growth prospects
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Adani Enterprises Limited
Adani Total Gas Limited
Zomato Limited
Paytm
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12:39 22.11.2024
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