The IPO was priced at the upper band of Rs 300 per equity share.
The stock slides as government initiates an offer for sale (OFS) to reduce its stake by up to 5.36 %.
The MoU aims to identify mutual areas of interest in railway projects and foster collaboration between the two entities.
The IPO includes a fresh issue of equity shares worth Rs 750 crore and an OFS of up to 70,323,408 equity shares
Recommendation: Add; Target price: Rs 1450
The company's revenue for Q2CY24 grew by 15.4%, reaching Rs 4,658.5 crore
Recommendation: Add; Target price: Rs 355
Recommendation: Buy; Target price: Rs 395
Revenue from the generic business in North America surged 79%, backed by successful new product launches.
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