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The issue received bids for 19,69,52,680 shares against 3,25,58,138 shares on offer, as per data available with the NSE
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Most brokerage firms have a 'Subscribe' rating for the IPO, and the grey market premium for the issue rose from Rs 655 in the last week to Rs 910 implying an 83% premium.
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Indices closed lower for the third straight session on Tuesday. At close, Nifty50 was down 19 points to end at 14,910.
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Gujarat-based Exxaro Tiles Limited, one of the manufacturer of vitrified tiles in India, has filed its Draft Red Herring Prospectus (DRHP) to raise between Rs. 150-160 crore, according to market sources.
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Global brokerages including Morgan Stanley, CLSA and Credit Suisse are positive on select largecap stocks from sectors like financials, IT, mining and paints amid the ongoing rally on Dalal Street.
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Aarti Drugs advanced 3.80% to Rs 693 after the company said its board will consider a share buyback on Friday, 19 March 2021.
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Proceeds from the fresh issue of shares would be utilised for working capital requirements and general corporate purpose.
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Select low-value stocks on Dalal Street have delivered a robust return to investors in FY21 on the back of sustained liquidity in the market despite rising Covid-19 cases.
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Sensex jumped 300 points to 50,675 and the broader market index Nifty50 opened at 15,006 up 77 points.
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Here is the list of top stocks that could be in focus on March 16.