Wednesday, August 19
Waaree Energies shares slid as much as 2.7% on Tuesday, extending a relentless selloff to a ninth straight session and dragging the stock down nearly 15% in just over a week, as weak technical signals continued to weigh on investor sentiment despite a recent capital raise at its energy storage arm.The stock fell to as low as Rs 2,642 on the BSE on January 6, taking its cumulative decline over the past nine trading sessions to 14.6%. The sustained slide has come even as the company disclosed a Rs 1,003-crore fundraise to support an ambitious expansion plan in advanced battery manufacturing.9-day slide, bearish charts dominateFrom a technical standpoint, Waaree Energies is flashing strong bearish signals. The stock is currently trading below all eight of its key simple moving averages, inclu
Bharat Coking Coal Limited (BCCL), a wholly owned subsidiary of Coal India, is generating strong pre-listing buzz ahead of its maiden public issue, scheduled to open on January 9. The grey market premium (GMP) for the IPO is currently hovering around Rs 13–Rs 14 per share, implying a potential upside of 56.52% over the upper end of the offer price band of Rs 23 per share.The grey market premium reflects the unofficial price at which IPO shares are being traded before their official listing.In BCCL’s case, the estimated grey market trading price stands around Rs 36–Rs 37. This elevated premium signals robust investor sentiment and expectations of a healthy listing pop.However, it is important to note that GMPs are speculative in nature and are not a guarantee of actual listing perform
