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STOCK MARKET: NOW THE STORM OF IPO WILL COME

The improving trend in the stock market continued last week due to the strong condition of the Indian economy and signs of continuous improvement in it. This week, the beginning of improvement in the special session of Diwali trading itself indicated that the new year starting from Diwali will be auspicious and this improvement continued throughout the week except Friday. Looking at the current situation of the market, it can be understood that a period of improvement is going on in the market and to take advantage of which, 6 companies including Tata Technologies, IREDA are preparing to raise Rs 7400 crore by entering the capital market this week. For some time now, many investors have become richer in the heat of the IPO market, whether the IPO is of main board or SME platform, everyone has earned, barring exceptions. The gray market of IPO market is also enticing investors with lucrative opportunities. There is no doubt that the role of the gray market has always been effective in maintaining the attraction of investors towards IPO and motivating them to invest. This market has attracted not only investors but also many brokers. The prices are rising in the gray market. Craze for the IPO of Tata Technologies, which entered the capital market after 20 years, has been high since the day of its announcement. This IPO will open on 22nd November to raise Rs 3042.51 crore. This IPO may create a record. Apart from this, there are some other IPOs like IREDA, Fedbank Financial Services, Flair Writing Industries etc. which, despite the huge premium, can be considered an opportunity from the point of view of long term investment. There has been an improving trend in the market for the third consecutive week ending November 17. However, despite the strength and improvement in the Indian economy, the continuous selling by foreign institutional investors (FIIs) is still not stopping. In this month, till November 17, FIIs have sold shares worth Rs 6574.59 crore, while DIIs have bought shares worth Rs 7702.46 crore. Regarding the trend of the market this week, traders say that after the clouds of uncertainty are removed in the Indian markets, an investment environment is being created. Due to the success of IPO, which is called a medium of new investment, the market is currently improving. The trend will continue but investors should still keep an eye on market sentiment. Traders say that Indigo, McDowell, Yash Bank, IRV Infra, JSW Infra, Jain Irrigation, Vedanta, BHEL can be considered safe investments. But if for some reason sentiments are weak in the market, then even the so-called good stocks may have a downward trend. This week, 6 IPOs will be available for investors to invest in the main board. Similarly, only one IPO, Rocking Deal, will be available for investors on the SME platform to apply for this week. A company RK Swamy Limited has presented its new draft Herring Prospectus-DRHP to SEBI for a new IPO.

(This is the personal opinion of the author. The author, his family members and acquaintances may have investments in the companies mentioned in the article)

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