Easy Trip Planners of easemytrip.com fame to launch Rs 510-crore IPO on Monday
On Friday, the company allotted shares worth Rs 229 cr, or 45% of the total issue size to anchor investors
Asks intermediaries to stagger the offerings as much as possible
Easy Trip has set a price band of Rs 186-187 per share
Easy Trip is the only profitable company among the key online travel players
The financial services company's stock has corrected 13 per cent from its 52-week high level of Rs 91.70, touched on Tuesday, March 16
Accelerated store addition plans, coupled with diversification into newer categories (footwear and Aurelia Girls), are expected to fuel growth going forward
Shares of Nocil and Butterfly Gandhimathi Appliances are seeing buying momentum even in the overbought territory, indicating underlying strength
Astral Poly Technik has outperformed the market by surging 59 per cent in the past three months, against 6.6 per cent gain in the Sensex
Dixon Technologies said the rationale behind the stock split is to encourage wider participation of small investors and to enhance the liquidity of the equity shares at the stock market.
The company has emerged as lowest bidder for tender worth Rs 10,800 crore for fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for the 6x700 MW Turbine Island Package Projects.
India Ratings and Research (Ind-Ra) has upgraded Mindtree's long-term issuer rating to 'IND AAA' from 'IND AA+'
Punjab National Bank has set up a wholly-owned subsidiary to manage its credit card business, the bank said on Wednesday
Asian stocks were set for modest gains after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in US economic growth this year as the pandemic eases
Analysts upbeat about company's revenues, but say it will have to bump up its capacity quickly to meet the Russian order
Asset quality issues and pale growth justify the weak valuation
The institutional investor portion of the IPO was subscribed 175 times
SBI AMC, India's largest asset manager, is said to be planning an IPO too
Earnings will come back but that does not always mean stock valuations will go up, says Founder & Chief Investment Officer, Old Bridge Capital
The company acquired 26 per cent stake in SBI Cards from the GE group for Rs 2,000 crore in 2017.