Rashi Peripherals IPO subscribed 59x on final day
The Initial Public Offering of Rashi Peripherals Limited was subscribed 59.71 times on the final day of bidding.
Markets Desk at BusinessUpturn.com
The Initial Public Offering of Rashi Peripherals Limited was subscribed 59.71 times on the final day of bidding.
Brokerages remain upbeat on Zomato post the food delivery major posted its Q3 earnings, registering a third consecutive quarter of profit.
Top stocks to watch today are LIC, Biocon, United Breweries, BHEL.
Foreign Institutional Investors on Thursday sold shares worth Rs 4,933 crore in the cash markets. On the other hand, flows from DIIs remained positive as they added shares worth Rs 5,522 crore.
Escort Kubota’s Q3 net profit surged 49% on a YoY basis to Rs 277 crore against a profit of Rs 186 crore posted in the same period last year.
Zomato’s Q3 net profit came in at Rs 138 crore against a profit of Rs 36 crore that the company posted in the previous quarter.
Top stocks to watch today are Tata Consumer Products, Lupin, Mankind Pharma, SJVN.
The short-term trend is still on the upside as Nifty has been forming higher highs and higher lows on the 30-minute timeframe.
The issue received bids of 1,54,57,104 shares against the offered 1,42,37,289 equity shares, at a price band of ₹295-311.
According to sources, the block deal is likely to take place tomorrow and the total size of the block is worth Rs 1,330.4 crore.
PM Modi said that people’s confidence is rapidly improving in PSU companies in his address in Rajya Sabha today.
In the last six months, this multibagger stock has surged 114.6%, and close to 925% in the last 5 years, data shows.
According to reports, the Association Of National Exchanges Members Of India (ANMI) today has given in principle approval for extended trading hours in index futures.
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