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BPCL Hits Record High, SJVN and PC Jeweller Stocks Surge, Diffusion Engineers IPO Oversubscribed, and Swiggy Refiles IPO and more
BPCL Hits Record High, SJVN and PC Jeweller Stocks Surge, Diffusion Engineers IPO Oversubscribed, and Swiggy Refiles IPO and more
Written by - Fisdom Research
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September 27, 2024
2 minutes
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Market Snapshot
The market dropped from record highs, ending lower amid volatility, with selling pressure in media, banking, and realty sectors.
Sector performance was mixed, with gains in auto, metal, IT, pharma, and oil & gas, while realty, power, banks, media, FMCG, and telecom saw declines.
BSE Midcap and Smallcap indices finished flat.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
2.4
NIFTY PSU BANK
0.7
NIFTY HEALTHCARE INDEX
1.3
NIFTY CONSUMER DURABLES
0.5
NIFTY PHARMA
1.2
NIFTY AUTO
0.4
NIFTY METAL
0.8
NIFTY IT
0.4
Top News
BPCL stock jumped 7% to a record high, with 3 crore shares traded on BSE and NSE, significantly higher than the one-month average of 1 crore shares.
SJVN shares surged over 5% after signing two MoUs with the Maharashtra government to develop Pumped Storage Projects (8,100 MW capacity) and Floating Solar Projects in the state.
PC Jeweller shares surged 5% after Bank of India approved a one-time settlement (OTS) of dues. All 14 consortium banks have now approved the OTS proposal.
REPL gets registration for SM-REIT from SEBI; to launch IPO soon
Diffusion Engineers IPO subscribed by over 15 times on Day 2 so far. GMP at 54%
Swiggy refiles IPO papers for Rs 3,750 crore fresh issue
Focus Smallcase Updates
The Fisdom Prime Five Smallcase achieved approximately 16% returns over the last three months, significantly outperforming the benchmark index.
Trade Ideas
Two stocks recorded significant returns, with one gaining 5% and the other 4.1%, in just 1 month.
