• Durlax Top Surface IPO subscriptions open on June 19 and close on June 21, with a price band of ₹65 to ₹68 per share. The firm manufactures solid surface materials under LUXOR and ASPIRON brands, with a production plant in Vapi equipped with advanced technology.

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• China’s securities regulator plans to step up oversight on companies listed on the Star Market, as part of reform measures to contain market volatility.

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• The M&M stock hit a new 52-week high on 18 June with investors impressed by the company’s growth plans.
• The company has also identified key subsidiaries as its ‘growth gems’, which could emerge as future value-unlocking drivers

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• The bank’s board of directors approved the acquisition of Max Life shares, increasing the total holding of Axis entities in the insurance firm from 19.02% to 19.99 per cent.

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• Top Gainers and Losers Today : The Sensex gained 36.45 points, or 0.05, to settle at 77301.14, while the Nifty lost 41.9 points, or -0.18, to close at 23557.9.

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• Real estate stocks fell today after a 9-day rally, with Nifty Realty index down 3% at 1,111 points. Sobha, Prestige Estates Projects, Godrej Properties, Brigade Enterprise, and Macrotech Developers led losses.

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• Akme Fintrade India IPO oversubscribed on first day with focus on rural and semi-urban finance solutions. Company aims to use proceeds for capital expansion and issue expenses.

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• Stock market today: Nifty 50 snaps 5-day winning streak on profit booking at higher levels

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• By 14:45 on the first day of bidding, GEM Enviro Management’s IPO was subscribed 5.86 times, with investors bidding for 2.31 crore shares compared to the 39.55 lakh on offer led by retail investors.

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• Divine Power Energy IPO: The price band for the Initial Public offering has been fixed at ₹36-40. The Issue opens for subscription on Tuesday 25 June 2024 and will close on 27 June 2024.

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• Bonus shares 2024: Sakuma Exports share price today opened with an upside gap and touched an intraday high of ₹38.45 apiece on NSE

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• Expert view: Mohit Khanna, co-fund manager at Purnartha One Strategies, is optimistic about inflation and growth moving in a favourable direction. He believes the market has moved on from the election verdict and is eyeing the upcoming Budget, better monsoon, and interest rate downcycle.

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• Despite the conclusion of the RBI’s special audit, IIFL Finance continues to grapple with regulatory compliance issues and declining earnings from its gold loan segment. While diversification provides some relief, a swift recovery in stock performance appears unlikely.

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• UGRO Capital shares have risen 30% in FY25 after bottoming out at ₹215 at the end of March 2024

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• High-growth companies can be attractive investments as their stock prices can shoot up quickly. However, its best to treat them with caution as their stocks can be extremely volatile during uncertain times.

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• Brokerages have retained ‘buy’ calls on Zomato with significant upside potential. Zomato’s stock has risen by over 7% in 2 sessions after it confirmed discussions with Paytm.

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• Nifty Financial Services Ex Bank Index offers investment opportunities excluding banks, with impressive returns and diverse exposure to the financial landscape.

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• Sylvan Plyboard IPO price band has been fixed at 55 per share. The company plans to raise ₹28.05 crore from the fixed price issue which is entirely a fresh issue of 51 lakh equity shares.

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• Systematix Institutional Equities favors private sector banks over public sector banks, citing superior valuation comfort. Despite near-term operating profit growth expectations for PSU banks, private banks are seen delivering superior risk-adjusted returns in the medium to longer term.

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• DEE Development Engineers specialises in providing process piping solutions for various sectors. The IPO, priced at ₹193 to ₹203 per share, saw a subscription rate of 0.78 times on Day 1.

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• The alcobev industry is expected to continue to witness strong premiumization-led growth over the next three years, and United Spirits, Radico Khaitan would be the key beneficiaries, according to Antique Stock Broking.

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• Buffett indicator forecasts annual returns worldwide, with India’s stock market labeled ‘modestly overvalued’. The m-cap to GDP ratio for India stands at 102.75%, deviating from the 10-year average of 91.49%.

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• Stock Market Today: Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) share prices have risen 28-38% year-to-date: Should you Buy, Sell or Hold?

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• DEE Development Engineers IPO had a successful first day of bidding, attracting strong interest from retail and non-institutional investors. Subscription status stood at 87% at 12:42 IST, with over subscription in RIIs and NIIS categories at 1.19 times and 1.20 times

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• Ashish Kacholia portfolio: Ace investor owns 2.14% stake in Balu Forge Industries

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• While valuations look stretched, growth may be supported by earnings, apart from sustained inflows.
• Retail, apparels, pharma, healthcare and housing are potential investment areas.
• A deep cut in the space is unlikely, but there may be high volatility and occasional dips.

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• The Petro Carbon and Chemicals Limited IPO price band is set at ₹162 to ₹171 per equity share. Subscriptions start on June 25 and end on June 27. Bids can be placed for a minimum of 800 equity shares.

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• Akme Fintrade IPO witnessed strong enthusiasm from retail investors, as the retail portion of the issue was fully subscribed within the first two hours of the session.

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• Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals Ltd (BHEL), Samvardhana Motherson International and Bosch are potential investors entrants in the large cap category, according to Nuvama Institutional Equities.

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• Defence stocks had resumed their upward trend on June 5, following the ruling Bharatiya Janata Party (BJP) securing sufficient support from key allies to form a coalition government, ensuring Modi’s return to power for a third consecutive term.

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• ixigo IPO was offered at higher valuations and, based on the company’s annual balance sheet for FY23, the stock’s fair value is around ₹140 to ₹145, say experts

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• Sansera Engineering share price hit a 52-week high with significant transactions totalling 11.6% of the company’s stock. Analyst Ruchit Jain recommends a buy-on-dip strategy as the stock shows a positive trend. PE fund plans to fully exit its 11.7% stake in the company.

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• Following shares hit their 52 week low today – Ascom Leasing & Investments, Secur Credentials, POPULAR VEHICLES AND SERVICES ORD, QUEST LABORATORIES ORD

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• Following shares hit their 52 week high today – Torrent Pharmaceuticals, Avenue Supermarts, JSW Steel, Cipla, JSW Energy

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• IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Axis Bank and HDFC Bank led the gains among the Bank Nifty constituents as these stocks rallied up to 1-2%.

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• Apes in the stock market mimic social-media trends, frogs are cautious, pigs chase high returns without risk assessment, and vultures specialize in distressed assets. Understanding these investor types is crucial for navigating the complexities of the Indian stock market.

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• Kalyan Jewellers and Senco Gold stocks surged after Motilal Oswal’s ‘buy’ rating with target prices set at ₹525 and ₹1,300. Titan’s target price was raised to ₹4,150, reflecting optimism in the growing organized jewellery market.

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• Delta Corp shares vaulted almost 13 per cent in the morning trade on BSE on Wednesday, June 19, a day after the stock fell 3 per cent on profit booking.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73495.0 in Delhi whereas 1 kg of silver was Rs.87820.0 in Delhi.

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• MCX gold rate today is expected to remain in ₹71,000 to ₹72,000 per 10 gm range, say experts

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• Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends these three stocks today – Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Avenue Supermarts Ltd (DMart), and Coforge Ltd today.

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• Stocks to buy: Nuvama Institutional Equities has listed out three fertilizer stocks to buy, expecting an upside potential of up to 113%. These technical stock picks in the fertiliser sector include Chambal Fertilisers & Chemicals, National Fertilisers and Rashtriya Chemicals & Fertilizers (RCF).

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• Stock Market Today: Gujarat State Fertilizers & Chemicals Ltd (GSFC) share price gained more than 7% in morning trades on Wednesday.

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• Dee Development Engineers IPO GMP: According to market observers, shares of the engineering company are available at a premium of ₹49 in the grey market today

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• Akme Fintrade IPO opens for subscription with a price band of ₹114-120 per share. The IPO ends on Friday, June 21. The company allocates shares to QIBs, NIIs, retail investors, and employees. Swastika Investmart Ltd recommends a cautious approach due to competitive market and compliance concerns.

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• Nvidia shares rose 3.5% to $135.58, lifting its market capitalization by over $110 billion to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company.

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• Here are a few stocks likely to be in focus on Wednesday, June 19:

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• Stock market today: The short-term trend of Nifty continues to be positive with range-bound action, say experts

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• The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,660 level, a premium of nearly 90 points from the Nifty futures’ previous close.

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• Indian stock market: Asian markets traded higher, while the US stock market ended in the green with the Nasdaq and S&P 500 closing at record highs, boosted by Nvidia share price rally along with gains in other chip stocks.

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