The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.
Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.
Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024.
Some brokerages have reduced target prices after muted Q1 showing
The fall in the stock price came after the company announced a weak set of June quarter results (Q1FY25).
The uptick in the stock price came after the company released its sales volume update for the June quarter of financial year 2025 (Q1FY25).
The share price rose after the company announced that it has secured an order worth Rs 1,100 crore
The 14 period RSI indicator has turned up from the centreline which indicates upward momentum and the Marico stock has space to move up.
FPIs have bought Financial Services and Telecommunication over the last two fortnights
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
Stock Market Highlights today, Tuesday, July 16, 2024: In the broader markets, the BSE MidCap slipped 0.29 per cent, but the BSE SmallCap added 0.32 per cent
The fall in the share price came after the company witnessed a mixed set of June quarter (Q1FY25) results
The uptick in stock price came after the company announced that it has secured a 'significant' order from JNK Global.
The uptick came after the company said it has launched a high rise tower, Wembely-24, which has Ground plus 60 floors. It stands as the tallest tower in Majiwada, Thane
The uptick in stock price acme after the company launched its first property in Jharkhand with Lemon Tree Hotel, Centre Point, Jamshedpur
The fall came after investors flocked to book profit after the stock rallied 58 per cent in the past one month
Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion
At 6:40 AM, GIFT Nifty futures traded steady at 24,620, indicating a subdued start for the markets.
Stock Market Highlights, July 15, 2024: Among sectors, the Nifty PSU Bank surged 3 per cent, while the Nifty Auto, Media, Pharma, and Realty indices edged over 1 per cent higher each