New High 1083

Sensex drops 700 pts, Nifty below 19,550 after Fitch downgrades US credit rating

IPO update. SBFC Finance IPO got oversubscribed 7x on day 2. Concord Biotech IPO was subscribed 50% on opening day. 📈

Zomato’s Q1FY24 results will go down in the company’s history books after they reported a PROFIT for the first time! FYI – the company has been guiding for profitability for some time now, but it hit this milestone three months before its own timeline. Naturally, the stock was up 10% intraday. 🚀

Adani Wilmar shares drop 5% as Adani mulls stake sale
A possible stake sale of its 44% holding in Adani Wilmar will help Adani Group free up capital for its core businesses, Bloomberg reported last night saying that Wilmar, the Singapore-headquartered food conglomerate co-founded by billionaire Kuok Khoon Hong in 1991, could decide to retain its stake in the business.
https://economictimes.indiatimes.com/markets/stocks/news/adani-wilmar-shares-drop-5-as-adani-mulls-stake-sale/articleshow/102560506.cms

SEBI reduces the timeline for listing shares to T+3 from T+6; mandatory from December 1

SEBI has reduced the timeline for listing securities after the closure of a public issue to three days after its subscription close date, from the current six working days.

5 Stocks with RSI 99
(completely overbought zone)

1️⃣ Intellivate Capital Ventures Ltd. (RSI 99.98)
2️⃣ Kintech Renewables Ltd. (RSI 99.97)
3️⃣ Indergiri Finance Ltd. (RSI 99.86)
4️⃣ Rathi Steel & Power Ltd. (RSI 98.9)
5️⃣ J. Taparia Projects Ltd. (RSI 98.74)

Do you own any?

Morning Report

TVS Supply Chain Solutions Limited IPO

Date : 10 - 14 Aug,2023
Price Band : ₹187 - ₹197
Market Lot : 76 Shares
Appl Amt : ₹14,972
Size : ₹880 Cr Approx
Retail Portion : 10%
Retail Form : 58,776
HNI Small Form : 2,099
HNI Big Form : 4,198
Face Value : ₹1

GMP : 10 to 15% only
Advice : Avoid to Neutral

🌁No Change in Rates - RBI Governer

Coffee Can Investing Strategy + Scanner

https://www.youtube.com/shorts/pGhiRXilUIs

Buy Bharti Airtel With Target of Rs 1010: Religare Retail Research

https://www.abovestocks.com/earn/buy-bharti-airtel-with-target-of-rs-1010-religare-retail-research/

Instl. Investors EQUITY Cash Trades PROV. - 11/08/2023 : Rs. CRS. :

FIIS : SELL -3,073 (9,508-12,581)

DIIS : BUY +500 (8,828-8,328)

Adani Ports auditor Deloitte to resign after flagging concerns.

The planned resignation puts a fresh spotlight on the governance of Adani’s empire just days before the Securities and Exchange Board of India is due to submit the results of a probe into Hindenburg’s wide-ranging allegations of accounting fraud and market manipulation.

#Adani 🚨🚨🚨
https://twitter.com/AboveStocks/status/1690021989606653952

Tata Motor Analysis on Monthly Chart

https://twitter.com/AboveStocks/status/1690319838147948546

Adani Ports names MSKA & Associates as new auditor, says Deloitte's exit arguments not convincing

https://www.moneycontrol.com/news/business/companies/adani-ports-names-mska-associates-as-new-auditor-says-deloittes-exit-arguments-not-convincing-11169971.html