The Indian stock market's sharp decline on August 5 reflects a widespread negative sentiment among investors, driven by various economic and market factors.
The IPO is set to open on August 6 and will remain open for bidding until August 8.
The company announced the addition of 54 net new stores in under-penetrated markets, increasing its total store count to 1,836 as of June 30, 2024.
The fears of a recession have been shaking global markets, driving investors away from risky assets.
The much-anticipated ₹4,194-Crore initial public offering (IPO) is set to open for subscription on August 6.
The IPO includes a fresh issue of equity shares up to ₹5,500 crore and an offer for sale (OFS) of 8.49 lakh equity shares valued at ₹645.56 crore
The company's first-quarter results were released during market hours, contributing to the positive market response.
Here are some of the stocks that may see significant price movement today: Adani Energy Solutions, Bharti Airtel, Bharti Hexacom, etc.
Call it the safety shift, but IT, healthcare and FMCG have been the top performers in July and also in the last quarter
The company expects to raise 1,252.66 crore from its initial offer, with 684.25 crore for issuing new shares.
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