Higher slippages should be looked at in the context of no moratorium, negligible use of restructuring, already improving recoveries.
Sensex made a new high of 54,576 and Nifty touched a fresh peak of 16,294 in opening trades
The sequential decline in the bottom line was largely on account of higher tax expenses of Rs 834.5 crore in the quarter compared to Rs 510.1 crore
At the issue price of Rs 954, the issue looks fully priced. However, due to bullish sentiments, we may see IPO garnering good subscription.
Ahead of the IPO, shares of Devyani International are quoting at Rs 152 apiece in the grey market marking a premium of 68.89%
Investors got richer by Rs 2.27 lakh crore as the market capitalisation of the BSE listed firms touched a record high of Rs 240.02 lakh crore
The price band for the multi-channel auto platform has been fixed at Rs 1,585-1,618 per share. The issue opens on August 9 and closes on August 11.
On an intraday basis, Sensex touched a new peak of 53,478 and Nifty scaled to a new lifetime high of 16,025.
The 30-share BSE Sensex opened 238 points or 0.45% higher at 53,188, while NSE Nifty advanced 47 points or 0.30% at 15,932
Glenmark Life Sciences is quoting at a premium of Rs 90 over its issue price of Rs 720 while Rolex Rings is commanding a GMP of Rs 470 per share