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IT stocks were the biggest drag on profit booking while pharma stocks saw fresh buying
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The public offer received bids for over 2,199 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed
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The portion reserved for retail investors was subscribed 1.65x as retail investors placed bids for 26,85,241 shares compared to 16,30,941 shares
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RIL announced its long-term plans during the AGM last month with an ambitious target for the new energy business
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"While the broader markets have outperformed so far, the time to shift focus back to largecaps"
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Profit before tax slipped 6.23% to Rs 672.10 crore in Q1 FY22 as against Rs 716.80 crore in Q4 FY21.
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The government has invited bids from merchant bankers and legal advisors for advice to jumpstart the process of the mega IPO listing.
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Wipro expects revenue from the IT services business to be in the range of $2,535 million to $2,583million for the quarter ended September 30
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Not falling for tips and being aware of greed and fear cycles in the market are also some principles investors should remember, she says
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Net proceeds will be used towards funding the growth of Paytm ecosystem, including the acquisition of consumers and merchants