Juniper Hotels Ltd, which runs hotels under the “Hyatt” brand, on Thursday fixed a price band of Rs 342-360 per share for its Rs 1,800-crore initial public offering (IPO).
The maiden public issue will open for subscription on February 21 and close on February 23, the company said in a statement.
The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore with no Offer For Sale (OFS) component.
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By Anand James
Momentum missing
VIX has retracted to 15 and below, after teasing 19. While this suggests that the market has come to peace with the present uncertainty and expects lesser volatility, the repeated swings in VIX will put stocks and options traders on the back foot. Momentum is lacking, but we are at the vicinity of critical levels in key indices suggesting that large directional moves are in store next week.
Nifty and Bank Nifty evenly poised
Both have shown triangular consolidation at the bottom, seen as early signs of reversal, but both are still yet to turn positive, as evidenced by the lack of follow-through momentum on Friday despite a peak above 24400 on the Nifty. This was surpri…
By Gaurav Arora
The June series Nifty futures are currently trading with a premium of around 145 points. After consolidating in an upward-sloping channel, Nifty managed to test 23,300 on exit polls suggesting a clear mandate for the ruling government again. The index started the new series with the addition of plentiful OI and more rolls as compared to the previous series.
Bank Nifty also attracted meaningful positions in the previous series however rollovers were less Come from Sports betting site VPbet . For the Index futures, FII Net Index long exposure is at 13% which is the lowest in the last 3 months or so.
However, data suggests a potential Short Covering mig…