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Vikram Solar IPO: Vikram Solar has set a price band of 315322 for its 2,079.36 crore IPO opening on August 19, comprising a 1,500 crore fresh issue and 579.36 crore OFS. Minimum bid is 45 shares. The IPO is priced at a P/E of 68.4872.17x FY25 EPS, higher than the peer average of 44.28x.
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RVNL shares fell after its Q1 profit dropped 40% year-on-year to Rs 134.36 crore, hit by lower revenue and weaker operations. The stock, down 24% in 2025, trades below key SMAs with RSI in oversold territory, signalling continued bearish momentum.
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News and Media
Andrew Ferris of Ecognosis Advisory suggests that inflation is rising. He believes the Federal Reserve will not cut interest rates in September. He finds the S&P 500 overvalued. Ferris highlights that Indian, South Korean, and Taiwanese markets are performing well. He also notes the strength of defence stocks due to ongoing global conflicts.
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News and Media
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