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"Private banks witnessed a fatigue week although the sector witnessed improvement in business along with better asset quality," said Vinod Nair.
The Rs 800-crore public offer is entirely an OFS (offer for sale) of Rs 710 crore by Evergraph Holdings Pte Ltd and Rs 90 crore by KA Joseph.
Before subscribing, retail investors should analyse not just the potential listing gains, but also the fundamentals and valuations of the IPOs.
Five issues eye to raise about Rs 31,000 crore.
The Nifty PSU Bank index advanced 1.45%, followed by the Nifty Pharma index jumped 0.72% and the Nifty Media index rose 0.63%.
Chinese companies accounted for 14.1% of the combined revenues of the top 500 companies and 14.3% of the net profit
Experts believe that with a sharp one way rally so far, the markets are due to correct
Morgan Stanley prefers consumer discretionary and financials while avoiding the technology and healthcare sectors.
The price band for Sigachi IPO has been fixed at Rs 161 – 163 per share having a face value of Rs 10 per share.
Gemstone Equity Research is bullish on Biocon with a price target of Rs 352 per share.