Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day
Excluding the strong US show led by Revlimid, Q2 was a mixed bag
Price band set at Rs 197-207 a share; retail portion sold 8.7x
The injectable manufacturing company expects the margin pressure to persist due to cost pressures and negative operating leverage.
The total saleable area in these three projects would extent to 6.2 million square feet and is expected generate a revenue of Rs 4,600 crore
Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock
Volumes to remain under pressure due to grammage reductions
Sales trajectory in domestic formulations and resolution of regulatory issues are other triggers
But a widening credit-deposit gap is a concern for lenders
Simpolo group said that it would aim to use the funds to increase the market share and grow penetration in the market, both domestic and international
Offer consists of fresh issue of 15.8 mn equity shares; bank is expected to raise Rs 832 crore at the upper end of the band; stock will start trading on Sept 15
Margin pressures may continue on competitive pressures, input cost inflation
Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms
Vertical witnesses 25% CAGR in 5 yrs
After declining for 2 consecutive months, equity assets under management of domestic mutual funds rose 10.3% month-on-month to Rs 15.2 lakh crore in July as market rebounded after 3 months of decline.
Even in adverse situations, Jhunjhunwala's optimism for India used to never falter, which led him to build such a huge empire
While Street is bullish on retail, Jio prospects, near-term O2C outlook led to cuts
ICICI Securities client growth moderated to 27.7 per cent to 450,000, while active customers rose only 5.3 per cent QoQ to 3.2 million
Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.
Tata Consultancy Services is set to announce its June quarter earnings today. Find out what analysts expect from TCS results, and what could be the road ahead for the company.