Introduction

Oswal Greentech Ltd. operates as a holding company, which engages in the development of real estate, securities trading, and investments. It operates through the following segments: Real Estate, Investment, and Unallocated. The Real Estate segment consists of activities in the real estate sector including development of real estate and trading of real estate assets. The Investment segment focuses on extending in the form of interoperate deposits of the surplus funds, investment in equity instruments, and other securities. The Unallocated segment represents interest income on fixed deposits and miscellaneous income not allocable to reportable segments

Observation

Stock trade on rising trend line making higher lows. today stock breakout its previous swing low with huge trading volume 17.50% up. Stock can retrace till 38 levels for the target of 45 levels (19%) 53 levels (40%). if it sustains above 41 stocks can hit my target easily. Although fundamental are weak.

This Stock is for high gain high risk traders not for safe players.

News of the day

1. Steel Authority of India (Sail) received its board's approval to raise up to 25 billion Indian rupees through the issuance of non-convertible secured bonds, according to an Indian bourse filing on Thursday.

What is bond and how it works 👇

Meaning: When a company gets the board's nod to raise funds via bond sale, it means the company's board of directors has approved a plan to raise funds by issuing bonds to investors.

Purpose: The funds raised can be used for various purposes such as:

- Refinancing existing debt

- Financing new projects or expansions

- Meeting increasing demand for loans

- Creating a long-term sustainable capital structure

Bond Sale Process: The company will issue bonds to investors, either through a public issue or private placement, and the bonds will have a specific face value, interest rate, and maturity date.

Recent Examples:

- Vedanta Limited plans to raise up to ₹2,500 crore through private placements of non-convertible debentures (NCDs).

- State Bank of India (SBI) plans to raise up to ₹20,000 crore through long-term bonds in the financial year 2024-25.

A non-convertible bond (NCB) is a type of bond that:

- Cannot be converted into equity or shares

- Offers regular interest payments (coupon rate)

- Returns the principal amount (face value) on maturity

- Does not provide ownership or voting rights

2. Tech Mahindra reported its smallest revenue fall in four quarters on Thursday, helped by its manufacturing and healthcare segments, as the company signalled the return of client spending in its key U.S. market. Consolidated revenue in the first quarter fell 1.2% to 130.05 billion rupees (₹13.005 lakh crore in Indian rupees),

3. Gland Pharma's facility in Dundigal, Hyderabad, India, received two observations from the US Food & Drug Administration following a good manufacturing practices inspection from July 22 to 25, according to an Indian bourse filing on Thursday. The pharmaceutical company said it will address the observations within the stipulated time.

Educational content

Fri Jul 26, 2024