Why are so many companies coming up with buybacks? Many companies are now announcing share buybacks, and to understand this trend, we first need to know what a buyback is. A buyback refers to a company purchasing its own shares from shareholders. These companies, listed on the stock market, offer to...
"Non-Allottee" Again? Navigate the IPO Market Like a Pro While reading about the Bajaj Housing Finance IPO I was shocked by looking at the numbers. A company that needed only Rs. 6,500 crores received bids worth Rs. 6 lakh crores! That's over 62 times oversubscribed. To put it in perspective, the am...
Technical Analysis Of CYIENT & PRSMJOHNSN 1. Stock name: Cyient Ltd. Pattern: Flag and pole pattern Time frame: Daily Observation: The stock experienced a strong rise in August 2024, stabilizing from August 21. This created a flag and pole pattern on its daily chart, followed by a breakout on Septem...
Technical Analysis Of USHAMART & AUBANK 1. Stock name: Usha Martin Ltd. Pattern: Parallel channel pattern Time frame: Daily Observation: The stock has been trading within a parallel channel on its daily chart for an extended period. In August 2024, it touched the channel's support line and managed t...
Technical Analysis Of TVSSCS & ALKYLAMINE 1. Stock name: TVS Supply Chain Solutions Ltd. Pattern: Inverse head and shoulders pattern Time frame: Daily Observation: After its listing, the stock entered a downward trend. From January to September 2024, it formed an inverse head and shoulders pattern o...