The NSE IPO opened for subscription today (September 17) and will remain open till Monday (September 21). The exchange has set a price band of ₹1,700-1,785 per share.
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.92 per cent and 0.76 per cent, respectively
Analysts say Kanohar offers attractive investment merit backed by strong order-book visibility, leadership in the transformer segment, healthy profitability, and favorable industry tailwinds.
Amid the downturn, the Nifty Midcap 100 tested its 200-DMA after a gap of five months; presently 58 index constituents traded below the long-term average on the daily charts.
Emami's board approved a share buyback for an aggregate amount not exceeding ₹282 crore at a price not exceeding ₹475 per equity share, via the open market through the stock exchange mechanism.
Venus Pipes Share: Venus Pipes' board approved a preferential issue of 2.23 million equity shares at ₹1,670 per share, with proceeds from the fund raise primarily earmarked for debt repayment.
Yatharth Hospital's board is scheduled to meet on Thursday, September 17, to discuss and consider the company's growth plans and fundraising to achieve them.
Analysts said that NSE's rich valuation is justified by its strong leadership position, supported by aliquid marketplace & powerful network effects arising from the country's structural market growth.
Jefferies said that MDR on UPI comes ahead of estimates and is "higher than expectations" of 25bps, while Emkay Global believes that this development lifts the revenue pool for the industry.
With diversified presence across defense, commercial aerospace and space programs, Rossell Techsys is well positioned to capitalize on these long-term growth drivers.