With the IPO offering priced in the range of Rs 54 to Rs 57 per share, the subscription period began on August 3.
Recommendation: Buy; Target price: Rs 967
Companies all around the world are exploring innovative ways to use crude oil as the world looks to move away from fossil fuels.
For the fiscal year 2022–2023, the company reported a consolidated annual revenue of Rs 41,039 crore and a net profit of Rs 9,854 crore.
FPI flows dip into negative in week to August 04, 2023
After the fall, Friday bounce back was a silver lining
Oil spikes, bond yields higher and crude scales up
July 2023 marked the third consecutive month in which the FPIs had infused over $5 billion into Indian equities.
Weak show expected from the company amid several pressure points.
The price band for the offering stands at Rs 705-741 per share.

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