News Overview

The price band of the issue has been fixed at ₹140 to ₹148 per share and investors can apply for minimum 101 shares in a lot.

The revised allotment is projected to have a substantial impact on IGL's operations, including its capacity to satisfy Compressed Natural Gas (CNG) sales levels.

In the quarter, the group received new orders totalling ₹1,207 Crore across Defence, Castings (Ferrous & Aluminium), and the core Forging business.

The company also reported revenue from operations to ₹3433.7 Crore. The EBITDA margin for the quarter that ended on September 30, 2024 stands at 17.5%.

U.S. West Texas Intermediate crude prices were up 9 cents, or 0.1%, to $67.11 a barrel, while Brent crude futures had increased 20 cents, or 0.3%, to $71.24 a barrel.

The ICICI Pru Equity Minimum Variance Fund focuses on Nifty and front line stocks with low levels of volatility

Spot gold had risen 0.4% to $2,571.11 an ounce, following a two-month low the previous week. On Friday, gold saw its largest weekly drop in almost three years.

The euro was temporarily stabilised at $1.0530 thanks to the drop, but it was still uncomfortably near the previous one-year low of $1.0496.

Once again it was the IT sector that stood out, but the overall sentiments in the market were just too weak

FPI selling was subdued in the week, but the market undertone continues to be negative amidst the wave of global events