According to the announcement, this is the largest order ever signed by an OEM (Original Equipment Manufacturer) for a wind project in India.
Recommendation: Buy; Target price: ₹2050
Private banking stocks bore the brunt of the market sentiment, with Axis Bank, ICICI Bank, Kotak Mahindra Bank, and HDFC Bank
PowerGrid jumped over 5%, with SBI, TCS, and HCL Tech following suit with gains of over 1% apiece.
The bank had already garnered ₹157 Crore from anchor investors on February 6, a day preceding the IPO launch.
The rate decision by RBI was expected, but the macro outlook seems robust.
The price band for the Rashi IPO is fixed at ₹295 to ₹311 per equity share
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