Size: India’s largest IPO at Rs 27,870 crore. Past Performance: Many large IPOs, including Paytm, Reliance Power, GIC, and New India Assurance, have underperformed. Successful Comparisons: Shares of Coal India, Zomato, DLF, and HDFC Life have outperformed their issue prices. Key Factors: Market Timing: Launching at an optimal market moment […]
Stock market
Nomura has issued a “buy” call on Tata Power and JSW Energy, citing a positive outlook for both companies. They forecast an upside of up to 32% based on key factors driving growth in the power and energy sector. Tata Power: Tata Power is benefiting from its strategic focus on […]
Transformers and Rectifiers (India) Ltd. announced securing a major order worth Rs 565 crore from Power Grid Corporation of India, boosting its shares by 5 percent during trading on October 3. The order involves the manufacturing of transformers and reactors, with deliveries scheduled for FY26. Shares traded at Rs 683.35 […]
Massive Premium: The stock opened at Rs 199.5 per share, compared to the IPO price of Rs 105. Strong Demand: The IPO was oversubscribed 200 times, indicating significant demand from investors. Business Model: Sunlite Recycling Industries specializes in recycling copper scrap, focusing on environmentally friendly practices
Bharti Airtel A Strong Performance: Bharti Airtel reported a net profit of ₹4,160 crore for Q1 FY25, marking a 158% increase. Revenue rose 3% to ₹38,506 crore, slightly below forecasts. Despite the strong earnings, shares closed 1.66% lower at ₹1,469 on the NSE. The company’s India business revenue grew by […]
Morepen Laboratories Ltd, a pharmaceutical company, has initiated a Qualified Institutional Placement (QIP) to raise a substantial amount of Rs 250 crore. The company has also included a greenshoe option to potentially increase the issue size by an additional Rs 115 crore. Key Details of the QIP: Issue Size: Rs […]