The price band for quick-service restaurant operator has been fixed at Rs 86-90 per share. The issue opens on August 4 and closes on August 6.
Most brokerages revised their earnings estimate upwards as Tech Mahindra delivered on all fronts be it margin, capital allocation, deals & revenue
Nifty IT index rallied 0.65% followed by the Nifty Auto index rose 0.47%. While Nifty Pharma, Nifty Metal were up in the range of 0.18-0.38%.
Unlike ace investor Rakesh Jhunjhunwala, brokerages expect Zomato to touch at Rs 170 in the near future
Sensex ended 209 points or 0.40% higher at 52,653, while Nifty 50 settled at 15,778, up 69 points or 0.44%.
Two brokerages give 'hold' advise as company is expected to perform well; one brokerage gives 'sell' call, says valuation stretched
Maruti Suzuki is well placed amongst OEMs despite concerns over raw material inflation and supply shortages
Shares of Mahanagar Gas jumped 4.19% to Rs 1,166.1 after the PSU company reported a 351% jump in net profit to Rs 204.08 crore.
Gujarat-based specialty chemical manufacturer Tatva Chintan Pharma Chem got listed at Rs 2,111.85, marking a premium of 95% on the NSE.
As many as 27 of 30 Sensex stocks trading in the green. HCL Tech, Titan, Tech Mahindra, M&M and Asian Paints climbed over 2%.