News Overview

The IPO includes a fresh issue of ₹325 Crore and an offer-for-sale of 6.52 million shares.

The stock price has dropped by more than 15% in the last three months, with a one-year return of approximately 12%.

The Mumbai-based company's income from operations decreased by roughly 15% to ₹507 Crore in the three months ended September 30.

The EBITDA margin increased from 38.6% during the same period last fiscal year to 44.8% during the reporting quarter.

The EBITDA margin decreased from 35.2% during the same period last fiscal year to 34.4% during the reporting quarter.

On October 25, 2.38 million shares of the lender were traded in a block trade, according to Bloomberg News.

The dollar fell from its recent highs in the overall market as it followed the decline in U.S. Treasury yields.

NTPC's gross power generation declined to 88.46 billion units (BU) in the second quarter, down from 90.30 BU a year earlier.

Spot gold had barely changed, trading at $2,733.63 an ounce. Prices were up 0.5% so far this week and reached a record high of $2,758.37 on Wednesday.

The stock has gained a total of 121.24% in the las one year, and 72% since the beginning of the year.