Show Notes
Hey folks! Today, we were actually planning to write about the new Closing Auction Session (CAS), the mechanism used to determine stock closing prices, that’s believed to have caused the sharp rise in the NIFTY index on Monday. But then we realised we’d already explained this in detail over a year ago. So, if you’ve been wondering what all the fuss is about or how this new mechanism works, you can check out our story here. Instead, we stumbled upon something far more interesting. A company called Ardee Industries is opening its IPO subscription today (it’ll remain open until August 7th). And it’s not your typical manufacturing business. So, in today’s Finshots, we’re taking a closer look at it.
Sign up for FREE insurance masterclass by Ditto
More from Finshots Daily
In today's episode on 20th Oct, we look at why wealth taxes keep failing, and whether there's a version of this idea that could actually work. Sign up for the FREE insurance masterclass from Ditto
In today’s episode on 15th Oct, we break down the Fairfax-IDBI Bank deal.
In today's episode on 9th Oct, we explain why ESDS Software Solution shares fell into consecutive lower circuits after a sharp rally and unpack its $1.25 billion AI contract. Sign up for the FREE insurance masterclass from Ditto
In today’s episode on 6th Oct, we explain why everyone’s talking about Nike kind of losing its Swoosh. Sign up for the FREE insurance masterclass from Ditto
In today's episode on 5th Sept, we explain why global food security concerns are returning to the table despite good harvests in some parts of the world. Sign up for the FREE insurance masterclass from Ditto