Since April 2023, Brent has seen a 11% decrease. This is despite OPEC+ decision of cutting down Oil production, due to various factors including the global economic conditions, rising interest rates, etc. GRMs have also shown weakness during the same period.
Recommendation: Reduce; Target Price: Rs 182
Analysts at IIFL Capital Services recently analyzed the shareholding movements across companies, market caps and sectors in MSCI and NSE 500. They also analyzed sectoral positioning of FIIs and DMFs.
Recommendation: Add; Target Price: Rs 835
The debt is in the form of dollar-denominated bonds, due for maturity in 2024.
Healthy performance expected from the company
The issue was available for subscription from May 25-27, with QIBs applying for 49.16 times the allotted quota of shares.
Here are some stocks that may show significant price movement today.
Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in WhiteOak Capital Multi Asset Allocation Fund.

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