BLOCK DEAL ALERT: #PINE LABS
Master Card to sell 4.3% Stake in co via block deals..
Floor price : Rs 179.5
Discount of 7.3% to CMP.
Deal worth Rs 892 crs in Pine Labs
As expected,
#Nifty is really. Trying to move up ..
#Gold ( down 1% )
#Silver (yet to follow)
#crude (unaffected)
Have to closely observe macros for further clarity ...
Update on positions :
Holding
#Angelone#Krbl
Honestly, things are not looking good. My stoploss didn't trigger. I am still holding but only time will tell when to exit.
#FED decision going to be crucial.
Update :
3. SEBI's positive note on CAS brings relief to the #NSE IPO narrative.
Capital market stocks got punished on volume conecerns, but that correction is looking exhausted.
Focus: #Angelone, #BSE, #Groww
Update :
2.#Anthropic CEO Dario Amodei says the company will slow the pace of AI model improvements.
Also, #Openai will postpone its ipo into 2027.
This means , a near term pressure in #AI names and proxies.
Also, positive for #IT.
Check profile for more updates.
Some interesting updates :
1. #Tatasons application to backoff from listing rejected by SEBI
#Tatachemicals in focus , can see #IFCI type move.
Check profile for next update.