In today’s briefing:
- EQD | Nifty Index Options Weekly (Jan 24 – 31): Second Longest Decline Since 2007
- Kaynes Technology QIP Early Look – QIP to Fund Global Expansion Plans
EQD | Nifty Index Options Weekly (Jan 24 – 31): Second Longest Decline Since 2007
- Nifty has been in a prolonged downtrend, currently 4 months in duration and clipping 10.3% off the index. This is the second longest decline since 2007.
- When looked at vs the extent of this decline, implied vol is at the bottom of its historical range and historic vol also quietest in a down-move since 2007.
- Implied vol is trading at or above peak levels seen on historic vol since the decline started and implied remains negatively correlated to movements in spot.
Kaynes Technology QIP Early Look – QIP to Fund Global Expansion Plans
- Kaynes Technology India (KAYNES IN) is looking to raise around US$185m in its upcoming qualified institutional placement (QIP).
- In an announcement released on Jan 22, 2025, Kaynes had mentioned its board’s approval to raise up to INR16bn via a QIP. Since then, the shares have corrected 8.6%.
- The deal would not be a large one to digest at 4.3 days of three month ADV. The company’s last fundraise did well.
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