Showing posts with label Free Stocks for Trading. Show all posts
Showing posts with label Free Stocks for Trading. Show all posts

Thursday 12 October 2017

Reliance Nippon IPO sets price band, seeks to garner Rs1,542 crore


Reliance Nippon Life Asset Management Ltd (RNAM), comes up with an initial public offering (IPO), to raise up to Rs. 1,542 crore with the company, on Thursday.  The price band set of Rs. 247-252 per share. RNAM is a subsidiary of Reliance Capital, with Japan’s Nippon Life Insurance Co, as its strategic partner.

The offer will run from 25 to 27 October, involves a 10 percent stake sale in the company. Its two main shareholders viz. Nippon Life will sell up to 2.55 million and Anil Ambani’s Reliance Capital will sell up to 1.12 million shares, each.


JM Financial, Citic CLSA, Nomura and Axis Capital are the main banks managing the offer, while the book runners namely - Edelweiss, IIFL Holdings, SBI Capital Markets and Yes Securities.

Thursday 5 October 2017

GNFC Share Technical Wrap for Tomorrow ( 5 Oct 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in GNFC.

GNFC is the stock which I would suggest to buy above 375; this can see upside to levels closer to Rs 390 - 395 zones, keep stop loss below Rs 352”


Price has risen by 7.81% and Vol has risen by 158.81% (Vol compared with 5 day avg vol till 04:00 PM).

Stock has been gaining for the last 5 days and has risen 23.41% in the period & Outperformed Sector by 6.31%.


GNFC was closed 7.64 percent up today at Rs 369.20 at NSE.

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