Follow the 🆕 IPO Guru channel on WhatsApp.

Get First and Accurate Update about the IPO Market.
https://whatsapp.com/channel/0029Va5myfPFi8xaldxAmW0j

Wipro Ltd
#Wipro

The company has High Management Efficiency with a high ROE of 17.30% ✅

It also have healthy long term growth as Net Sales has grown by an annual rate of 10.75% ✅

Institutional investors have decreased their stake by -0.62% over the previous quarter and collectively hold 16.16% of the company ❌

Technically, the stock is at important support zone of 410, and strong resistance of 440

Technical View : Neutral
Fundamental View : Neutral to Negative

Shree Renuka Sugars acquires 100% stake in Anamika Sugar Mills for a cash consideration of Rs 235.5 cr (5 cr shares at Rs 47.05 per share).

NIFTY 1D CHART

- Inside Candle Formation
- Fib. Level 0.618

Perfect Inside Bar in Bank Nifty 5 Mins

broke the lower levels....
More downside possible now...
Will wait for the closing basis

Jai Prakash Power
#JPPOWER

The company has declared positive results in Jun'2023 after 2 consecutive negative quarters ✅


With ROCE of 7, it has a Attractive valuation with a 0.8 Enterprise value to Capital Employed✅

Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST and OBV ✅

The Stock is making inverse head and shoulder pattern on monthly time frame.
The neckline is around Rs. 10 and the price is above it.

next few months are looking good for JPPOWER with upper levels of 13,15 and 18.

Fundamental View : Neutral (Turnaround Possible) ✅
Technical View : Bullish ✅

Education Purpose Only

VEDANTA demerger

To Demerg businesses into 5 divisions

1. Aluminium
2. Power - Talwandi Sabo Power
3. Oil - Malco Energy
4. Base Metals
5. Iron Ore

Vedanta says if Demerger approved then shareholders will get 1 share of each 5 vertical for every 1 shares they hold

IPO GMP

Valiant Lab 10%
Plaza Wires 25%

👨🏻‍💻 Tata Technologie IPO Update

Shareholders Quota

Parent Company: Tata Motors

Maximum Bid under SH Quota: Upto Rs. 2 lakh

Record Date: RHP Filing Date

You can buy minimum 1 share of Tata Motors for Eligibility of share holder quota.

This IPO is expected will come in November 2nd week

August and September saw very heavy selling pressure from FII in cash provision. October has also started with 2000cr net selling by FII today.

Tata Technologies IPO Update

https://youtube.com/shorts/3Q7EZszaSvk?si=pAT5WYUhX3mIuFNW

2 Sell Signal Generated by our Indicator
in Both 1:4 Target Achieved

Stay Tuned, Will share this indicator with you guys soon.

#Suzlon has shown signs of strength by crossing a major hurdle of ₹25.90, which it had been trying to cross since January 2012. This is a very positive sign, and it indicates that the stock could be poised for further gains.

On a monthly scale chart, Suzlon has finally succeeded in crossing the crucial ₹25.90 mark after almost 10 years and 9 months. This is a very good sign, and it suggests that the stock is entering a new bullish phase.

According to Fibonacci retracement, the stock's first target is ₹40.75, which is a very important level of 1.618. If the stock breaks above this level, it could then move towards ₹65.05, which is the 2.618 Fibonacci retracement level.

RBI maintains the repo rate unchanged at 6.50%

Another Sell Signal Generated by the indicator, 1:4 Target Achieved