The ban is due to these securities crossing 95% of the market-wide position limit (MWPL), according to NSE.
The move fueled rumors that the US business, which left the third-largest auto market in the world more than two years ago, may be thinking about returning.
Specializing in stationery and art products, DOMS Industries derives 70% of its business from scholastic stationery and art material segments.
The bidding for India Shelter Finance IPO commenced on December 13, 2023, and concluded on December 15, 2023.
Brent crude futures had increased by 6 cents, or 0.1%, to $79.29 per barrel.
Analysts at IIFL Capital Services analyze the impact of this regulatory development.
IIFL Capital Services has initiated coverage on SIS.
According to the report, the company has an enterprise value of almost $500 million and is expected to fetch an equity value of about $200 million.
The funds raised from the IPO will be allocated to meet working capital requirements and capital expenditure
Petrol and Diesel prices in cities across India on 20-12-2023
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