Above Stocks
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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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๐Ÿ“ข IPO GMP Update for Mainboard IPOs โœ…

Premier Energies : 465-480 (103%)
ECOS Mobility : 145-150(43%)
Baazar Retail : 90-100(24%)
Gala Precision : 230-240(43%)
Bajaj Housing BHFL : 55-60 (TBA)

https://whatsapp.com/channel/0029VaAko8eJ3juzuFix9o11/153
Blockbuster Listing of Premier Energies Ltd

Issue Price โ‚น450
Listing Price โ‚น990
Listing Gain : 120%
Best Combination For Bajaj Housing IPO

Retail : 13 Lots (โ‚น194,740)
Shareholder : 13 Lots (โ‚น194,740)

If you have X amount, then divide into two parts, half in retail and half in shareholder. To get maximum benifit from IPO.

allotment chances are higher in retail 13 lots and share holder 13 lots application. rather than SHNI or BHNI.
BREAKING

IPO UPI Servers are down in Bajaj Housing Finance IPO due to huge traffic

4.5L Retail applications in the first 2hrs.
Zone Breakout and Blast ๐Ÿ”ฅ
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๐Ÿšจ Big News! India's Adani Group is investing $10B in US energy projects, creating up to 15,000 jobs! ๐ŸŒŽ๐Ÿ’ผ Chairman Gautam Adani shared this on social media, congratulating President-elect Trump. Trumpโ€™s pro-energy policies could boost traditional energy firms. โšก๏ธ๐Ÿ”‹
Perfect reversal from Zone ๐Ÿ”ฅ๐Ÿ”ฅ
Fall 500+ points from the levels
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The recent indictment of Gautam Adani on bribery and fraud charges is expected to negatively impact Adani Group's stock prices due to:

Investor Confidence: Potential sell-offs as trust diminishes.

Credit Ratings: Possible downgrades leading to higher borrowing costs.

Regulatory Scrutiny: Increased oversight may result in operational challenges.

Market Volatility: Heightened uncertainty could cause stock price fluctuations.


Notably, Adani Group's dollar bonds have already declined following the indictment, reflecting immediate market concerns. โ€‹โ€‹โ€‹โ€‹
Today is Bank Nifty's monthly expiry, and tomorrow is Nifty's monthly expiry. With new margin rules coming into effect, the market might remain quiet.

Big players like FIIs, DIIs, and large fund houses may focus on observing the market to understand the impact of these new rules instead of taking major actions. There could be a sudden sharp movement here and there, but overall, the market is expected to have low trading volumes. โœ”๏ธ

Keep an eye on how the new rules affect the market. ๐Ÿ“ฃ
Fin Nifty - From Zone to Zone
๐Ÿค Big Deal Alert! Reliance Industries has signed a 10-year agreement with Russia's Rosneft to import crude oil worth โ‚น12-13 billion annually. ๐ŸŒ This move strengthens its energy supply and global ties. โ›ฝ๏ธ
Tata Motors and Ashok Leyland gear up for price hikes! Tata Motors will raise prices by up to 2% on trucks and buses, while Ashok Leyland plans a 3% hike on all commercial vehicles, starting January 2025. ๐Ÿš› Rising input and commodity costs are the key reasons.