Bajaj Auto surges over 8% on strong earnings
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The two-wheeler maker s better-than-expected earnings were led by a jump in export and boost in domestic sales, aided by the festive push and rising demand for personal mobility following the covid pandemic.
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Shares of Bajaj Auto Ltd surged over 8% on Friday as many brokerages increased its target price after the company reported its highest-ever quarterly profit and revenue.
The stock jumped as much as 8.77% to hit an all-time high of ₹4031.70 on BSE. The scrip gained for four consecutive sessions and advanced nearly 13% in that period.
Home First Finance Company India Ltd s IPO subscribed 2.22 times overall on Day 2
Posted On: 2021-01-22 07:34:26 (Time Zone: Arizona, USA)
Home First Finance Company India Ltd, a technology driven affordable housing finance company catering to the lower and middle income group s housing finance needs, received bids of 3,46,09,736 shares against the offered 1,55,90,790 shares, as per the 5:00 pm data available on the bourses. The portion reserved for retail investors was subscribed 3.40 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 1.36 and 0.61 times respectively on Day 2 of the issue opening.
The bidding for the IPO closes on Monday, January 25, 2021. The Company is proposing to raise 1,153.71 crore which comprises of a fresh issue of Rs. 265 crore and an offer for sale of Rs. 888.71 crore by promoters and existing investor and individual shareholders. The minimum bid lot is 28 shares thereafter in multiples. The price band has
Colorful response: Indigo Paints IPO Subscribed 117.02 times on Final Day
Posted On: 2021-01-22 07:34:43 (Time Zone: Arizona, USA)
Pune based, Indigo Paints Limited, one of the fastest growing amongst the top five paint companies in India, received bids of 64,57,90,130 shares against the offered 55,18,402 shares, as per the 5:00 pm data available on the exchanges. The portion reserved for retail investors was subscribed 15.93 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 189.57 times and 263.05 times respectively. The portion reserved for eligible employees was subscribed 2.50 times on the final day of issue closing.
The bidding for the Rs. 1170 crore IPO closed on Friday, January 22, 2021. The IPO comprised of fresh issue of Rs 300 crore, and an offer for sale of 58,40,000 equity shares by promoter (Hemant Jalan) and investors (Investors Sequoia Capital India Investments IV and SCI Investments V) amounting to Rs. 870.16 crores.