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The company aims to raise ₹11.4 crore through its IPO, comprising a combination of fresh equity shares and an offer for sale. The price band for the offer is set at ₹52 per equity share, with a face value of ₹5 each. Continue Reading »
FMCG stocks are rallying due to positive factors like monsoon forecast expectation of a rural pick up, resulting in a 6.40% gain in the Nifty FMCG index. Analysts expect a focus on rural spending by the new government, potentially boosting stocks such as HUL, GCPL, and Dabur. Continue Reading »
Ixigo IPO by Le Travenues Technology Ltd opens on June 10 with a price band of ₹88 to ₹93 per share. The issue closes on June 12, allocating 75% to QIBs, 15% to non-institutional investors, and 10% to retail investors. Continue Reading »
Brokerage firm CLSA has maintained an 'outperform' rating on HAL, setting a target price of ₹4,731 per share. The brokerage says the stock's high valuation allows minimal room for execution errors. Continue Reading »