Winning Bizness Desk
Mumbai. After last week's fall in the stock market, this week many factors will decide the course of the market. Foreign investment, quarterly results of companies and global factors can affect the movement of the market and due to this, the market can remain volatile. The Bombay Stock Exchange (BSE) Sensex closed down 298 points last week. According to analysts, macroeconomic data, crude oil prices, trends in global markets and activities of domestic investors will also affect the market. This week the results of other big companies including Bharat Petroleum, Ashok Leyland, Hindalco, Oil India, LIC, Vodafone, ONGC will come. The market capitalization of 6 of the top 10 companies decreased by Rs 70,487 crore last week.
Capital of Reliance Industries comes down
The capital of Reliance Industries decreased by Rs 27,941 crore to Rs 16.52 lakh crore, while the capital of TCS decreased by Rs 19,000 crore to Rs 11.78 lakh crore. HDFC Bank's capital declined by Rs 10,527 crore and HDFC Ltd capital declined by Rs 9,585 crore to Rs 4,99,848 crore. Foreign Institutional Investors (FIIs) have invested Rs 30,945 crore in the stock market so far this month. With this, the total investment in this year has gone up to Rs 16,365 crore. He had invested 11,630 crores in April and 7,936 crores in March.
4 SME IPOs to come in market
Interestingly this week, 4 SME Initial Public Offers (IPOs) will come in the stock market. These include Vasa Dentisity, Hemant Surgical, Crayons Advertising Limited and Proventus Agrocom. The Vasa issue will open on Tuesday and close on May 25. Will collect 54 crores at the price of 121-128. It has a presence in e-commerce in dental products. It has products like Consumable, Instrument, Equipment. BRLMs is Hem Securities. Vasa Dentisity has 300 domestic and international brands and more than 10,000 dental products. The company has a centralized distribution hub of 13000 sq.ft. The company had delivered more than two lakh orders in FY2022. In the financial year 2021-22, the revenue was 76.92 crores and the profit was 5.40 crores.
