Baazar Style Retail makes a tepid debut, but analysts are bullish on long term prospects. Here’s why

Baazar Style Retail makes a tepid debut, but analysts are bullish on long term prospects. Here’s why

The shares of Baazar Style Retail debuted flat on the exchanges on Friday, below the pre-listing expectations. The stock then surged marginally to close 3% higher to IPO price on the first day. The shares of the company ended at Rs 399.65 or 2.74% higher at close of trade. As a leading one-stop shop in … Read more

Tech View: Nifty slips below 21EMA. What traders should do on Friday

Tech View: Nifty slips below 21EMA. What traders should do on Friday

Nifty ended Thursday with declines of 216.05 points 1% at 22,488.65 led by strong selling pressure in most sectors. The 50-stock index fell for the fifth straight session and is now trading below the crucial 21-day Exponential Moving Average (21EMA). “The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term … Read more

Edelweiss Financial Services’ Rs 200 cr NCD issue opens, to have 9-10.5% annual yields

Edelweiss Financial Services’ Rs 200 cr NCD issue opens, to have 9-10.5% annual yields

Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 … Read more