The SgxNifty Future is trading at 3,738.00 up with +0.16% percent or +6.00 point. The Nikkei 225 Future is trading at 30,585.00 with +1.61% percent or +485.00 point.The Hang Seng Future is trading at 30,697.00 up with +1.86% percent or +559.50 point.
TODAY’S FACTORS AND EVENTS
Nureca classifies their products portfolio under the 5 categories such as Chronic Device Products, Orthopedic Products, Mother and Child Products, Nutrition Supplements and Lifestyle Products. During Covid-19, company’s products such as oximeter, gluco meter, nebulizer and BP monitor were categorized under the essential goods and their operations were not shut down during this pandemic.
On the valuation front, the company is coming up with IPO at a price of 400 crores with PE levels of 43.7 on FY2020 basis, even company has done very well in first half of FY2021 also due to COVID-19. We have a positive outlook for the IPO.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 31,458.40 up with +0.088%percent or +27.70 point. The S&P 500 is trading at 3,934.83 up with +0.47% percent or +18.45 point. The Nasdaq Composite is trading at 14,095.47 up with +0.50% percent or +69.70 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 30,696.70 up with +2.04%percent or +612.55 point. Hong Kong’s Hang Seng is trading at 30,173.57 up with +1.39% percent or +420.87 point. China’s Shanghai Composite is trading at 3,655.09 with +1.43% percent or +51.60 point. India’s BSE Sensex is trading at 52,218.93 up with +0.12% percent or +64.80 point at 12:15 PM