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Four IPOs to open next week: Devyani International, Krsnaa Diagnostics, Windlas Biotech, Exxaro Tiles freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Sensex, Nifty Edge Higher; IT, Auto Shares Outperform Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index s 1.5 per cent gain. Updated: July 30, 2021 1:54 pm IST Tech Mahindra was top Nifty gainer, the stock advanced as much as 9.7% to hit record high of Rs 1,237.30. The Indian equity benchmarks edged higher on Friday led by gains in information technology and auto shares. The Sensex was trading in a band of 244 points and Nifty 50 index touched an intraday high of 15,823.25 and low of 15,744.85. The upside was capped as baking and financial services shares came under selling pressure. ....
Ramkrishna Forgings and MM Forgings are trading at a PE of 123.30 and 37.14, respectively. Most analysts suggest subscribing to the issue. However, some say a degree of caution is needed. “It is demanding EV/sales of 4.3x, which is at premium to the peer average of 3.9x. The overall outlook for bearing rings and auto components industries remains positive. However, despite its presence in the lucrative industrials segment, the higher demanded valuation is a concern for investors. Thus, we assign a “subscribe with caution” rating for the issue,” said Choice Broking. From the share sale, the company will only get Rs 56 crore, which will be used for funding long-term working capital requirements and general corporate purposes, the company said. ....
sensex: Fag-end selling in financial stocks push Sensex lower by 66 pts; Sun Pharma surges 10% post Q1 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Rolex Rings IPO Subscription News: Rolex Rings IPO Subscribed 130 Times On Final Day ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.