Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares and an offer for sale by promoter Goswami Infratech. The proceeds will be used for equipment, working capital, and debt repayment.
Many overlook that a portfolio can still perform well during downturns if its drawdown is smaller than that of the broader market. In todays unpredictable financial landscape, effectively managing various risks is essential for creating a resilient, all-weather portfolio. In this article, we will explore strategies for building such a portfolio.
Democrat Kamala Harris and Republican Donald Trump make their final appeals in battleground states as early voting begins. Harris campaigns in Detroit and Atlanta, while Trump rallies in Pennsylvania. Both candidates seek to energize their bases with high-profile endorsements and public appearances just 17 days before the election.
The new measure will take effect from November 20, 2024, for all newly introduced index derivatives contracts, including weekly, monthly, quarterly, and half-yearly, according to an NSE circular. The Nifty50 lot size has been increased threefold, from 25 to 75 contracts, while the Nifty Bank lot size has doubled from 15 to 30.
Market analysts report that Waaree Energies' current GMP stands at Rs 1,340, reflecting an 89% premium to the issue price. The offering consists of a fresh equity sale of Rs 3,600 crore and an offer for sale (OFS) worth Rs 721 crore.
Nalwa Sons Investment led the small-cap gainers with a nearly 43% return, followed by Precision Camshaft (29%), Motilal Oswal (27%), and Renaissance Global (26.4%). Additionally, four stocks, including Kalyani Investment, Info Tech Transform, Filatex Fashions, and Sanghvi Motors, delivered returns between 20-25% during the week.
