Recommendation: Buy; Target Price: Rs 754
Recommendation: Buy; Target price: Rs 3423
Recommendation: Buy; Target Price: Rs 5300
During day 1, the subscription was at 12%, with the retail portion accounting for 34% of the shares booked.
Prashant Jain has stated his decision to retire from active professional life early.
Out of this amount, Rs 14,079 crore were obtained through exchanges, and Rs 66,807 crore were deposited.
Prior to the IPO, Cello secured Rs 567 crore from anchor investors.
The company reported a consolidated net profit of Rs 173 crore for Q2FY24, marking an 8 % year-on-year growth
The company claimed to have some domain capability in the IT & Technology Services (IT&TS) Segment due to its membership in the segment.
During the second quarter of reporting, revenue from operations increased by 11% YoY to Rs 3,734 crore. In the same quarter of the previous year, it was Rs 3,363 crore.
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