Category: Stock View

The intra-day high volatilities in stock indices indicate instability of the equity market. It is in for a major crash, if some encouraging numbers of economic recovery and the better first half corporate earnings are not reported. On 8th October, time 2.29 PM, the Sensex fell below 34,000-mark. But it recovered soon to close at 34474 level, showing a rise of 97 points over the previous day closing. But the recovery did not send any good message; 1952 stocks fell below their previous close, while 698 stocks posted minor recovery. The overall sentiment was weak, as sudden recovery from two dips on that day indicated. The fall has triggered prediction of further fall. A brokerage firm reportedly said NIFTY has potential to fall up to 10 per cent from the level of 10348 closed on 8th Octo...

A newly listed stock, which resisted the bears that the market saw on the immediate posting days, Synergy Green Industries could a good stock performer. It is usually seen those stocks which have attracted PE investments usually shine on the bourse for some months after the listing. On 7th September, Synergy Green Industries (SGIL) closed its initial public offer of 3.78 million shares, 26.75 percent of the equity capital, to the public at a price of Rs 70 a share for mobilizing an aggregate Rs 26.44 crore. On 21st September, the stock was listed on the exchanges for trading at Rs 78, which minutes later slipped to Rs 76 for a brief period before recovering and further advancement to Rs 81.85. on 28th September, it touched Rs 89 to see further fall in the following days to reach almos...