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Gemstone Equity Research and Advisory is bullish on Deepak Nitrite with a target price of Rs 2,060
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All eyes will be on widely anticipated Zomato IPO. The company has raised over Rs 4,196 crore from anchor investors
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Zomato has decided to allocate 552,173,505 equity shares to anchor investors at Rs 76 apiece, aggregating the transaction size to Rs 4,196.51 crore
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Brokerage houses see weakness across the board due to lockdowns and impact of the second wave on consumer sentiments
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Sensex settled 397 points or 0.76% higher at 52,769, while the Nifty 50 added 119 points or 0.76% to end at 15,812.
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Indian Hotels said that in FY18, management contract hotels formed around 33% of its overall portfolio, which has now increased to 46%
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Grey market premium of online food delivery platform Zomato plunged by over 60% ahead of its initial share sale on July 14
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Proceeds from the issue would be utilised towards repayment or pre-payment of borrowing and general corporate purposes
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In the grey market on July 13, the shares were hovering around Rs 83, implying a premium of Rs 7 or 9%
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Markets looks to have a great support and any rally which can take the Nifty above 15,930 can push the index above 16,000