Sah Polymers IPO | The IPO is a fresh issue of 1.02 crore equity shares. There is no OFS component to the issue. Sah Polymers’ profit for FY23 grew by 244 percent to Rs 4.4 crore, while revenue climbed 46.2 percent to Rs 80.5 crore, compared to the previous year. Exports accounted for over than 55 percent of the topline.
Adesh Ventures LLP offloads 1,08,839 equity shares in Steel City Securities at Rs 65.1 per share, while Prasad Y V sells 2,15,300 equity shares in Vishwaraj Sugar Industries at Rs 142.54 per share on the NSE.
Adequate Stock Advisors offloads 3.8 lakh equity shares in Windsor Machines at Rs 32.1 per share, while Ved Prakash Agarwal acquires 55,939 equity shares in Maris Spinners at Rs 62.54 per share on the BSE.
The immediate intraday support of 10 period EMA is going to be crucial at 15,900 levels. Any movement below this area for a few hours on Friday could drag index into a reasonable downward correction, says Nagaraj Shetti of HDFC Securities.