Auto Sector

The BSE midcap index saw a commendable rise of 0.9%, while the smallcap index also registered gains.

The series is the country's first electric commercial vehicle of its kind and intends to offer effective and environmentally friendly solutions for last-mile transportation demands, the firm stated in a filing with the stock exchange on September 7.

The price range for this subscription period, concluding on September 12, has been established at Rs 200-211 per share.

The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 1 NCD in a lot.

However, profit booking activities had a dampening effect on pharmaceutical stocks, which in turn weighed down the Nifty Pharma index

The company has set a price band of Rs 695-735 apiece for the IPO.

The growth has surpassed all expectations; and analysts of IIFL Capital Services expect the momentum to continue as more brokers activate Sensex contracts.

Analysts of IIFL Capital Services note that this growth comes off a healthy base of last year when total and retail APE for the Private sector grew 11% and 9% YoY, respectively.

The IPO consists of two components: a fresh issuance of shares valued at Rs 146.24 crore and an offer-for-sale of 82.94 lakh shares

The card will make it easier to pay for various types of transit across the nation, including parking, rail, water and roads.