News Overview

On the global front, The S&P 500 and Nasdaq fell on Wednesday as investors grabbed gains in chipmaker companies.

Today, Tata Motors, ITC, L&T Finance Holdings, Power Mech Projects, Adani Green Energy may see movement in stock prices.

The IPO comprises a mix of a fresh issue of ₹175 Crore worth of shares and an offer-for-sale (OFS) of 17.5 lakh equity shares worth ₹125.13 Crore at the upper price band.

Retail investors made up 47% of the subscribers, NII made up 11% of the bookings, and QIB has not yet been booked. There were 3.83 subscriptions for the employee section.

the third day of the bidding, the portion for retail investors was subscribed 17.44 times, the piece for qualified institutional buyers (QIBs) was booked 46.33 times, and the portion for NIIs was booked 32.09 times.

Among the top losers on the Nifty were Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation, and NTPC, while notable gainers included ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank, and ICICI Bank.

The biggest loser was Adani Green Energy, which fell 13% to an intraday low of ₹1,650 a share on the NSE.

Aurobindo Pharma was trading at ₹1,019.75 on the BSE at 14:13 pm, down ₹25.40, or 2.43%.

Analysts at IIFL Capital Services undertake monthly dealers’ check to summarize pricing actions.

The partnership involves a comprehensive agreement with a total value of up to ₹150 Crore.