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Shares of Mahindra Logistics are commanding a 20 per cent premium in the unofficial market. Mahindra and Mahindra’s (M&M’s) logistics arm’s Rs 830-crore IPO opens on Monday. The offering is a secondary share sale by parent M&M and private equity player Kedaara Capital. “Shares are changing hands at Rs 520 against the IPO price band of Rs 425-429. Strong growth track record and big management banner are keeping investor sentiment buoyant,” says a broker.
Samie Modak
Break-out rally in bank stocks
The Bank Nifty rallied 4 per cent in the October series and is hovering near its life-time highs. The trend
