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Avanse Financial Services IPO Details 2025: Best Insights

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Avanse Financial Services IPO Details 2025

Avanse Financial Services Limited, a rising force in India’s education financing sector, is preparing to go public with a ₹3,500 crore IPO. The offer consists of a ₹1,000 crore fresh issue and ₹2,500 crore offer-for-sale by existing shareholders like Olive Vine Investment Ltd, IFC, and Kedaara Capital. As India’s second-largest non-banking financial company (NBFC) in the education loan space, Avanse commands a significant presence in the high-growth overseas education financing market.

This article analyzes the company’s financial track record, growth strategy, risk profile, and competitive positioning to help you make an informed decision about investing in the Avanse Financial Services Services IPO.

Avanse Financial Services IPO Analysis

Financial Performance (FY2020–FY2024)

Over the past five years, Avanse has demonstrated consistent growth across core metrics:

  • Assets Under Management (AUM): Grew from ₹2,993 crore in FY20 to ₹ ₹13,303 crore in FY24 — over 4.5x increase​.
  • Disbursements: Increased from ₹1,060 crore in FY20 to ₹6,335 crore in FY24.
  • Revenue (Total Income): Jumped from ₹ 508.8 crore in FY22 to ₹ 1,728.8crore in FY24, a CAGR of ~39%​.
  • Net Profit: Rose from ₹63.2 crore in FY22 to ₹ 342.4 crore in FY24.

The bulk of AUM is in student loans for international education, which comprised 78% of the book by FY24. These loans are typically unsecured, longer-tenured, and involve a moratorium — making underwriting quality and borrower outcomes critical.

Key Financial Ratios and Industry Comparison

  • Gross Stage 3 (GS3) loans: Reduced from 1.29% in FY22 to just 0.43% in FY24.
  • Net Stage 3 (NS3) loans: Down to 0.13% in FY24.
  • Return on Assets (ROA): Rose to 2.8% in FY24.
  • Return on Equity (ROE): Improved to 11.75%​.
FY 2022 FY 2023 FY 2024
Revenue 508.8 989.6 1,728.8
Expenses 423.08 778.91 1,269.51
Net Profit 63.21 157.71 342.4
Margin (%) 12.44 15.94 19.83
Loan Book 4,790.00 8,463.64 12,520.86
GNPA (%) 1.7 1.4 1.2
Net Worth 1,009.66 2,149.72 3,676.72

Compared to other financial services peers:

  • Bajaj Finance: ROE ~24%, GNPA < 1.2%
  • HDFC Credila (now merging into HDFC Bank): ROE ~13–14%, similar GNPA
  • Muthoot Finance: ROE ~20%, but focused on secured lending

Avanse financial services limited’s ROE of 11.75% is impressive for an NBFC focused on unsecured, long-tenure education loans. It’s capital adequacy and asset quality are significantly stronger than most non-prime lenders.

Earnings Per Share (EPS)

Avanse financial services limited’s EPS over the past few years (approximate figures):

  • FY22: ~₹8.8 per share
  • FY23: ~₹12.5 per share
  • FY24: ~₹14.4 per share

This consistent upward trend reflects operating efficiency, growing book, and control costs. With the Avanse Financial Services IPO set to bring in ₹1,000 crore in fresh equity, EPS may temporarily dilute, but the capital will likely fuel AUM growth and further ROE expansion, helping sustain EPS trajectory over time.

Avanse Financial Services IPO AnalysisAvanse Financial Services IPO Analysis

Data Source for Avanse financial services Limited Latest update

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Avanse Financial Services IPO Details

Avanse Financial Services IPO date
Listing Date
Face Value
Issue Price Band
Lot Size
Avanse Financial Services IPO Size
Fresh Issue
Offer for Sale
IPO Open Date
IPO Close Date
Tentative Allotment
Initiation of Refunds
Credit of Shares to Demat
Tentative Listing Date

Use of Avanse Financial Services IPO Proceeds and Strategic Alignment

According to the DRHP, the ₹1,000 crore fresh issue will be used for:

  • Augmenting capital base for lending (primary purpose)
  • Improving capital adequacy for regulatory compliance
  • General corporate purposes

This directly aligns with Avanse’s growth strategy:

  • Expand lending to high-potential overseas students.
  • Deepen reach into education infrastructure loans.
  • Continue scaling through branch and partnership models.

Given their low NPA track record and increasing demand for international education loans, this capital infusion positions Avanse financial services limited to scale sustainably.

Avanse Financial Services IPO Analysis Key Risks

Operational Risks

  • Heavy concentration in unsecured, long-tenure loans with moratoriums.
  • Low portfolio seasoning (newer loans are yet to see full repayment cycles).

Regulatory Risks

  • NBFCs are subject to RBI regulations that may evolve.
  • Any adverse move on interest rate caps, provisioning norms, or capital requirements could impact operations.

Competitive Risks

  • Banks like SBI and ICICI and NBFCs like InCred and Prodigy Finance compete in the same space.
  • Fintech-led disbursement models may erode market share.

Geopolitical Risks

  • 91% of the international education loan book is exposed to the US, UK, and Canada — any visa, policy, or employment disruptions in these countries can affect repayment​.

Additionally:

  • Currency Exposure: While loans are in INR, students repay based on earnings in foreign currency. A sudden devaluation of INR may stress repayment capacity if jobs abroad are delayed or denied.
  • AI & EdTech Disruption: A shift toward remote, shorter-duration online courses may change the loan profile and reduce average ticket sizes.
  • Over-concentration on the International Market: Though profitable, an over-reliance on global education trends (which are susceptible to policy and macro shocks) reduces diversification.

Industry Overview: India’s Booming Education Loan Market

India’s education financing landscape is undergoing a profound transformation. Fueled by rising aspirations for global education and supported by NBFCs like Avanse, the education loan segment is poised for accelerated growth. This transformation is set against the backdrop of one of the fastest-growing economies in the world, with India’s GDP projected to grow at 6.8% in FY2025, outpacing global peers​​.

Education Loan Market Size and Growth

The Indian education loan market is expanding rapidly, driven by strong demand for higher education — particularly overseas. As of FY2024:

  • Education loans outstanding stood at ₹1.07 lakh crore.
  • Non-Banking Financial Companies (NBFCs) are playing a growing role, with a CAGR of 34% in their loan book over the last five years.
  • The overseas education loan segment alone is expected to grow 2.5x by FY2031, reaching approximately ₹1.6 lakh crore from ₹65,000 crore in FY2024​​.

NBFCs like Avanse, which specialize in unsecured loans for overseas education, are uniquely positioned in this fast-expanding niche, offering differentiated risk underwriting models based on future employability, course outcomes, and university profiles.

Avanse financial services limited has built a database of over 3,000 universities and courses globally, enhancing underwriting precision. This sector-specific expertise has allowed NBFCs to capture a 35%+ share in the overseas education loans segment — a trend expected to strengthen.

Regulatory and Market Tailwinds

Several macro and policy trends are supporting the sector:

  • The Government’s National Education Policy 2020 emphasizes gross enrollment expansion and skill development.
  • RBI’s focus on digital lending has improved access and compliance.
  • Rising household incomes and middle-class growth are broadening the customer base.
  • Increasing acceptance of co-lending models and capital markets access for NBFCs enhances scalability.

Challenges in the Sector

Despite the optimistic outlook, the education loan segment faces some structural risks:

  • The unsecured nature of loans increases default potential, particularly in economic downturns.
  • Limited portfolio seasoning, especially in newer disbursements, leaves credit quality untested over longer cycles.
  • Geopolitical risk tied to visa policy changes and international relations.

Final Words on Avanse Financial Services IPO

Strengths

  • Fast-growing, high-ROE business in a niche but expanding segment.
  • Excellent asset quality metrics and credit underwriting standards.
  • Aligned growth strategy with capital-efficient expansion model.
  • Backed by credible investors: Warburg Pincus, IFC, Kedaara, and Mubadala.

Risks

  • Geopolitical exposure in the loan book.
  • Longer-term NPA trends are untested for recent disbursements.
  • New capital may slightly dilute EPS in the short term.

If the Avanse financial services IPO is priced within a P/B of ~2.5x or P/E of ~20–22x, this is a strong long-term opportunity. It offers access to a well-managed, high-growth NBFC in an under-penetrated, education-focused credit market — a rare find.

Avanse Financial Services Head Office

Corporate and Registered Office Address

Avanse Financial Services Limited
4th Floor, E Wing, Times Square,
Andheri – Kurla Rd, Gamdevi,
Marol, Andheri East,
Mumbai, Maharashtra 400059

Administrative Office

Avanse Financial Services Ltd.
5th Floor, Unit Part C, VKG Corporate Centre,
Marol Pipeline Rd, Ajit Nagar,
J B Nagar, Andheri- East
Mumbai 400059, Maharashtra

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The Long-Term Value of Paint Protection Film for Orlando Drivers

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In a climate as unpredictable and harsh as Orlando’s, protecting your vehicle isn’t just about vanity — it’s about value. Whether you’re driving a luxury sedan, a daily commuter, or a brand-new EV, maintaining your paint can directly impact your car’s long-term worth.

Paint Protection Film (PPF) is often seen as a premium service — and it is — but more and more Orlando drivers are realising it’s a smart investment with long-term payoff.

Let’s break down why PPF in Orlando is a value-driven decision for those who care about their cars.

What Exactly Is Paint Protection Film?

PPF is a clear, durable, urethane-based film applied to your vehicle’s painted surfaces. It’s virtually invisible, but works 24/7 to guard against:

  • Rock chips
  • Scratches
  • Insect acids
  • UV rays
  • Road debris
  • Tree sap and bird droppings

Modern PPF products are self-healing (minor scratches disappear with heat), UV-resistant, and can last up to 10 years when properly installed and maintained.

The Cost of Doing Nothing

Every day you drive your car in Orlando, it’s exposed to:

  • Intense UV rays that fade and oxidise paint
  • High humidity that accelerates clear coat breakdown
  • Frequent rain and storms that leave water spots and dirt buildup
  • Tree-lined roads and parking that drop sap and debris
  • Busy highways throwing up rocks and gravel

Even routine washing can cause micro-abrasions and swirl marks. Over time, this adds up — leaving your vehicle looking older than it really is.

Repainting even one panel can cost hundreds. Repainting an entire car? Thousands.

PPF helps you avoid that — protecting your paint from needing repairs in the first place.

Resale Value Matters — PPF Pays Off

Buyers always notice condition first. When trading in or selling, even a great mechanical record can’t fully make up for faded or chipped paint.

With paint protection film in Orlando, your car will:

  • Maintain its gloss and colour longer
  • Show fewer blemishes, scratches, or chips
  • Appeal more to detail-conscious buyers
  • Potentially sell faster and at a higher price

Think of PPF as a down payment toward your vehicle’s future value — especially if you plan to upgrade or sell within 3–5 years.

Daily Benefits: It’s Not Just About the Future

Beyond resale value, there’s a lot to love about PPF for everyday driving:

  • Peace of Mind: No more cringing at highway gravel or bird droppings
  • Less Washing & Maintenance: PPF is easier to clean and can reduce your detailing time
  • Pride of Ownership: Your car stays looking sharp, every day
  • Self-Healing Technology: Light scratches disappear in the heat — so your finish stays pristine

Whether it’s your daily work commute or a road trip down I-4, your car is protected — and that adds confidence to every drive.

Is It Worth It for All Cars?

While PPF is popular among exotic and luxury vehicle owners, more drivers of everyday cars are now choosing to invest in paint protection — especially in high-wear areas.

You don’t need to cover your whole car. Many of our Orlando PPF clients choose partial PPF for:

  • Front bumpers
  • Bonnet/hood
  • Side mirrors
  • Door edges
  • Rear bumper loading area

This way, you get essential coverage without paying for full-body film — making it more accessible for all types of vehicles and budgets.

Why Orlando Drivers Trust Turbo Tint

At Turbo Tint Orlando, we take a tailored, honest approach to protection. You don’t need to buy the full package — just what works for your vehicle and your life.

✅ Expert PPF installation with premium-grade film
✅ Partial or full body coverage options
✅ Transparent pricing — no pressure sales
✅ Fast, clean, professional service
✅ Local team with real knowledge of Florida’s driving conditions

We believe smart protection doesn’t have to break the bank — and we’ll help you find the right solution, whether it’s full PPF or just high-impact areas.

Invest in the Future of Your Vehicle

The value of paint protection film in Orlando goes far beyond appearance. It’s about preserving your vehicle’s finish, performance, and long-term appeal — no matter what kind of car you drive.

If you want to maintain that just-detailed look and avoid costly repairs later, PPF is the clear choice.

Contact Turbo Tint Orlando today to explore our PPF packages and book your free consultation. We’ll help you protect your investment the smart way — with real results you’ll see every day.

 

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The 5 Best Data Centres In Frankfurt: Best Key Insights

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Data Centres in Frankfurt, Germany: Key Players and Strategic Moves

Frankfurt has emerged as a critical data centre hub in Europe, thanks to its central location, reliable infrastructure, and role as a major financial and digital gateway. As demand for cloud services, edge computing, and AI workloads grows, companies are aggressively investing in data centre infrastructure in the region. This article explores the data centre players operating in Frankfurt, Germany, based on project-level data. We analyse their strategic moves, capacity expansion, and the broader trends shaping this high-growth market.

Data Centres in Frankfurt

Equinix Data Centres

Equinix stands as a leading data centre provider in Frankfurt, operating a network of facilities that cater to a diverse range of clients, from enterprises to hyperscale cloud providers. Here’s an overview of their Frankfurt operations:

Frankfurt is home to DE-CIX, one of the world’s largest internet exchange points. Equinix’s Frankfurt data centres are directly connected to DE-CIX, ensuring low-latency and high-speed connectivity. Equinix operates multiple data centres in Frankfurt, each designed to meet specific client needs:

  • FR1: Located at Taubenstraße 7-9, this facility offers 18,546 sq ft of colocation space with a power capacity of 1.8 MW.
  • FR2: Situated at Kruppstraße 121-127, FR2 provides 244,394 sq ft of colocation space and 25 MW of power capacity.
  • FR4: Located at Lärchenstraße 110, FR4 offers 91,526 sq ft of colocation space with an 8 MW power capacity.
  • FR5: At Kleyerstraße 90, this facility provides 34,336 sq ft of colocation space and a 3 MW power capacity.
  • FR11x (xScale): Located at Friesstraße 7, FR11x is part of Equinix’s xScale portfolio, offering 89,061 sq ft of space and 28 MW of power capacity.
  • FR9x (xScale): Situated at Friesstraße 22, FR9x complements the xScale offerings, though specific capacity details are not publicly disclosed.

Equinix’s xScale data centres, such as FR11x and FR9x, are specifically designed to meet the needs of hyperscale companies. These facilities offer:

  • High Power Capacity: With FR11x providing 28 MW, these centres cater to the intensive power requirements of large-scale cloud providers.
  • Scalability: xScale facilities are built to support rapid expansion, aligning with the growth trajectories of hyperscale clients.

NTT Global Data Centres in Frankfurt

NTT operates four major data centres in the Frankfurt region, each tailored for enterprise and hyperscale needs:

  1. Frankfurt 1 (FRA1) – ~50,000 m² of space; multiple buildings with 8–12 MW IT load each; NTT’s flagship German site.
  2. Frankfurt 2 (FRA2) – A compact site with 1,500+ m² and 1.1 MW IT load, located in eastern Frankfurt.
  3. Frankfurt 3 (FRA3) – ~28,300 m² of space in Rüsselsheim; 9–12 MW per building; Tier 3 certified.
  4. Frankfurt 4 (FRA4) – Newest and largest single-site build at 32,900 m² and 82.3 MW IT load; designed for AI and cloud scale workloads.

Estimated total IT capacity across Frankfurt: 110–120+ MW, with over 112,000 m² of operational and expanding data floor space.

Future Plans (Next 5 Years)

  • FRA1 has ongoing construction (4,300 m² IT space under buildout).
  • FRA4, labelled as the “home of AI and cloud computing,” reflects a strategic shift toward supporting high-density, next-gen workloads.
  • While no new campus announcements are made, NTT is scaling its Frankfurt footprint through modular and phased buildouts.

Capacity Expansion Outlook

  • FRA4 alone adds 82.3 MW, showing a major leap in NTT’s Frankfurt offering.
  • Combined with FRA1’s ongoing construction and scalable designs at FRA3, NTT is likely to expand well beyond 120 MW in the region over the next 3–5 years.

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Iron Mountain Data Centres in Germany (FRA-2) – Frankfurt

Iron Mountain operates two major data centres in Germany, Frankfurt—FRA-1 and FRA-2—with a combined capacity of 37.6 MW, both powered entirely by renewable energy. FRA-1 sits on a fully built 2.6-hectare greenfield site, while FRA-2 offers enterprise and hyperscale-ready space in a prime industrial park. The documents do not indicate any specific expansion plans, future land acquisitions, or additional capacity targets for the next five years. Additionally, no operational or regulatory challenges are referenced in the available materials, suggesting stable operations at both sites.

Location & Overview

  • Located in Am Martinszehnten Industrial Park, close to Frankfurt city centre and airport.
  • Facility Size: 38,500 m² campus
  • Power Capacity: 10.6 MW total IT load
  • Designed for both enterprise and hyperscale deployments.

Total Capacity in Frankfurt

  • One facility (FRA-2) with a total of 10.6 MW IT load.
  • Each data hall offers approximately. 2,350 m², with up to 20 kW per rack supported.
  • Cold aisle containment and N+2 cooling redundancy ensure efficient operations.

Plans for Frankfurt or Nearby Over Next 5 Years

  • The FRA-2 site is built to scale with flexible, modular space offerings.
  • While no additional sites are publicly announced yet, Iron Mountain positions FRA-2 to serve long-term enterprise and cloud growth in Frankfurt.
  • Its location near DE-CIX, Frankfurt’s major internet exchange, reinforces Iron Mountain’s intent to stay central to the region’s interconnection and colocation ecosystem.

Vantage Data Centres – Scale and Execution

Vantage Data Centres has a prominent footprint in Frankfurt. This is one of the largest single-site investments among its competitors. Vantage operates two major campuses in Frankfurt:

  • Frankfurt I Campus (Offenbach area):
    • 56 MW of IT load capacity
    • 3 multi-story data centres
    • 452,000 sq. ft. of leasable space
  • Frankfurt II Campus:
    • 56 MW of IT load capacity
    • 2 data centres
    • 485,000 sq. ft. total area

Currently, the company is operating 116MW of data centre in the city. However, given Vantage’s standard 64–150+ MW per campus model and their focus on modular expansion, it’s reasonable to infer additional phases or expansions may push Frankfurt’s footprint toward or beyond 150 MW by 2030.

Strict environmental regulations, especially around water and energy usage, necessitate innovation in cooling design (Vantage uses closed-loop systems). However, Vantage is committing to net zero emissions by 2030, which requires aligning Frankfurt’s operations with aggressive energy efficiency targets.

Yondr data centres in Frankfurt – Ambitious Entrant with High-Capacity Plans

Yondr, a relatively new entrant in the Frankfurt data centre scene, has announced plans to develop a 40 MW facility. Yondr Group is developing a data centre in Bischofsheim, near Frankfurt, with a planned total capacity of 40 megawatts (MW). As of December 2024, the company has completed and handed over the first 20 MW, marking the completion of the initial two phases of a four-phase project. Additionally, Yondr has expressed intentions to invest further in the German market, indicating potential future developments in Frankfurt or nearby regions.

Maincubes Data Centres in Frankfurt – Expansion from a Local Base

Maincubes has been building out space and enhancing existing facilities to keep pace with growing customer needs. As a local player, Maincubes may benefit from regulatory familiarity and operational agility. Maincubes operates and is developing multiple data centres in the Frankfurt region:

  • FRA01 (Offenbach): Operational since 2018, this four-story facility is TÜV Certified Level 3 (Highly Available). Specific capacity details are not publicly disclosed.
  • FRA02 (Schwalbach): Provides approximately 7,000 m² of white space and has a power capacity of 20 MW.
  • FRA03 (Schwalbach): Offers 16 MW of IT capacity and 7,680 m² of IT space. Construction began in Q4 2024, with full completion expected by 2026/27
  • FRA04 (Dietzenbach): Planned to provide 36 MW of IT capacity and 10,000 m² of whitespace. Construction is underway, with the facility expected to be ready for service in Q1 2029.

Total Capacity: Including the disclosed capacities, Maincubes’ Frankfurt-area data centres will offer at least 72 MW of IT capacity upon completion of FRA04.

Mainova Data centres : New Build Activity Underway

Mainova, primarily known as a utility company, is expanding into the data centre space. The firm is actively building a new data centre in Frankfurt. Mainova WebHouse is developing multiple data centre projects in the Frankfurt region:

  • MWH01 (Seckbach, Frankfurt): A 30 MW data centre campus comprising two buildings—one with 20 MW and another with 10 MW capacity. The first building (20 MW) is operational, with the second (10 MW) under construction.
  • MWH02 (Langen): A planned 20 MW facility south of Frankfurt.
  • Ostend/Osthafen Project: A joint venture with Tishman Speyer to develop a 32 MW data centre, expandable to 70 MW.

Total Planned Capacity: Up to 120 MW in the Frankfurt area.

Other companies are also playing a major role in the data centre industry in Frankfurt. We will not discuss all the companies here. Please contact the below for regular updates.

rose@mind2markets.com

Key Trends and Market Insights

  1. Capacity Concentration: Vantage and Yondr lead in terms of disclosed megawatt capacity, indicating a tilt towards hyperscale deployments.
  2. Local vs. Global Players: While global entrants like Vantage and Yondr aim for scale, local operators like Maincubes and Mainova pursue incremental growth and strategic expansion.
  3. Acquisitions as a Strategy: Firms such as Datacentre One, Firstcolo, and Deutsche Beteiligungs are using acquisitions to quickly establish or expand their market footprint.
  4. Infrastructure Convergence: Mainova’s entry shows that utility companies are viewing data centres as a logical extension of their core competencies.
  5. Development Pipeline: Multiple entries indicate projects in planning or early construction phases, pointing to strong momentum in the market.

Frankfurt data centres market

Frankfurt data centres market is witnessing diverse strategies: large-scale builds, acquisitions, and greenfield developments. The region’s strategic relevance, combined with growing digital demands, makes it a focal point for investment. Companies like Vantage and Yondr are setting the pace with high-capacity deployments, while others are carving niches through specialisation or financial leverage. As regulatory pressures, energy constraints, and digital transformation evolve, these players will shape the next phase of Frankfurt’s data centre growth story.

AI-ready data centers in Frankfurt

The Frankfurt data center market is expected to experience significant expansion between 2025 and 2030, driven by sustained demand from hyperscale cloud providers, AI workloads, and enterprise digital transformation across Europe. As one of the FLAP (Frankfurt, London, Amsterdam, Paris) markets, Frankfurt benefits from robust infrastructure, strategic geographic location, and proximity to DE-CIX, the world’s largest internet exchange.

The market is seeing strong investment from global players like Equinix, NTT, Vantage, and Iron Mountain, as well as local operators such as Mainova and Maincubes. With rising energy and land constraints within the city, future growth is expected to push toward suburban areas like Hattersheim, Dietzenbach, and Rüsselsheim.

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Operation Sindoor impacting markets? Harshubh Shah flags May 19 as a potential turning point

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The Indian markets witnessed a dip last week, with the Nifty falling from 24,346 on May 2 to 24,008 on May 9 — a weekly loss of 1.3%.

Despite the pullback, the index managed to close above the psychological 24,000 mark, which may offer short-term stability. However, volatility remains elevated, especially in light of the ongoing geopolitical tension between India and Pakistan.

Operation Sindoor, launched on May 7, triggered a knee-jerk reaction not only in equities but also in the currency market.

The Indian Rupee has weakened by 1.1% since the operation began, highlighting the risk-sensitive environment investors are currently navigating.

As the market digests these developments, short-term traders and intraday participants should mark their calendars for the week of May 12–19.


Several key time slots during the trading sessions may offer actionable volatility windows ideal for scalping or quick momentum-based trades.For instance, May 12 shows early action at 9:20 AM, mid-morning at 11:00 AM, and post-lunch at 1:20 PM.Similarly, May 14 and May 16 offer multiple intraday opportunities around midday and late afternoon.

WealthView May 11ETMarkets.com

But the date to watch out for is May 19, 2025 — marked as the Special Monthly Momentum Day. Price action around this date may either validate or shift the ongoing trend.

It presents a critical opportunity for traders to consider confirmation entries, book partial profits, or make protective adjustments in their portfolios.

Technically, Nifty spot levels to monitor on the upside include 24,450, 24,538, and further up to 25,089. On the downside, supports are seen at 24,330, 24,142, and as low as 23,320.

For Bank Nifty, bullish zones are at 55,960 and 57,600, while key supports rest at 53,922 and 48,736.

Traders are advised to remain nimble and strategic, especially with geopolitical headlines influencing both sentiment and price movement. May 19 could offer the needed clarity to define the next phase of market action.

(The author is Director, Wealthview Analytics Pvt Ltd)

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

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