News Overview

At the upper price band, the company's valuation stands at a price-to-book ratio of 1.39x, resulting in a post-issue market capitalization of Rs 2,740 crore.

Net interest income of the bank grew by 20% to Rs 1,919 crore in Q1FY24.

These securities have exceeded 95% of the market-wide position limit (MWPL), leading to their inclusion in the F&O ban list, as stated by the NSE

This bond issuance signifies the Adani group's return to the local corporate bond market following the release of Hindenburg Research's report in January.

Total revenue for the quarter stood at Rs 228,310 crore, showing growth from Rs 215,286 crore in Q1FY23

Zomato kept the upward momentum in Friday’s early morning session as well.

Recommendation: Reduce; Target price: Rs. 360

Analysts of IIFL Capital Services believe ISG data reconciles with healthy wins announced by Indian IT vendors and gives comfort on revenues being relatively resilient once macro stabilizes.

Recommendation: Buy; Target price: Rs. 160

The public issue of Senco Gold witnessed exceptional demand, with a subscription of 73 times from July 4-6, raising a total of Rs 405 crore.