BOI QIP kicked off on Tuesday, with the public sector lender approving the floor price at Rs 105.42 per equity share based on the pricing formula as prescribed under Regulation 176 of the SEBI ICDR Regulation.
Smallcap stocks have trailed Nifty by 20 per cent in the past 18 months. Most markers suggest that the underperformance cycle is halfway through, said Nuvama Institutional Equities.
PSU bank stocks: Morgan Stanley has downgraded PNB to ‘underweight’ from ‘equal weight’. It noted that the stock is up 56 per cent over the past year relative to 25 per cent for the BSE Bankex and 13 per cent for the Sensex.