Trade Nivesh | Sectoral trend is mixed with Bank, FMCG, IT and Metals indices trading higher while Auto and Pharma lost ground.
Eicher Motors said its senior officials will be meeting Nordea Asset Management, Regal Funds Management and Artisan Partners today.
Inox Wind shares gained 2 percent on commissioning of common power evacuation systems with ISTS network at Dayapar, Gujarat.
Lupin in Focus
Japanese brokerage Nomura also maintained its buy call on Lupin with a price target at Rs 1,017 as it expects trend of consolidation in pharma to continue.
Domestic market growth remained challenging and there’s limited scope for new product introductions, it said, adding it sees strategic rationale in acquiring JB Chemicals.
Last week, a media report had indicated that Lupin and Piramal Enterprises are in race for buying stake in JB Chemicals but company denied.
Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
IndiaMart Raises Money Via Anchor Book
A day before the issue opened, IndiaMart already raised more than Rs 213 crore from 15 anchor investors including ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill Capital Advisers LLP, etc.
IndiaMart InterMesh:
IndiaMart InterMesh, the first mainboard IPO in last two months, opened for subscription with a price band of Rs 970-973 per share.
The company, which is the largest online B2B marketplace for business products and services, aims to raise Rs 475 crore through the public issue that will close on June 26.
It is an offer for sale of 48,87,862 shares by its promoters and investors, so company will not get any proceeds from public issue.
Eicher Motors said its senior officials will be meeting Nordea Asset Management, Regal Funds Management and Artisan Partners today.
Inox Wind shares gained 2 percent on commissioning of common power evacuation systems with ISTS network at Dayapar, Gujarat.
Lupin in Focus
Japanese brokerage Nomura also maintained its buy call on Lupin with a price target at Rs 1,017 as it expects trend of consolidation in pharma to continue.
Domestic market growth remained challenging and there’s limited scope for new product introductions, it said, adding it sees strategic rationale in acquiring JB Chemicals.
Last week, a media report had indicated that Lupin and Piramal Enterprises are in race for buying stake in JB Chemicals but company denied.
Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
IndiaMart Raises Money Via Anchor Book
A day before the issue opened, IndiaMart already raised more than Rs 213 crore from 15 anchor investors including ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill Capital Advisers LLP, etc.
IndiaMart InterMesh:
IndiaMart InterMesh, the first mainboard IPO in last two months, opened for subscription with a price band of Rs 970-973 per share.
The company, which is the largest online B2B marketplace for business products and services, aims to raise Rs 475 crore through the public issue that will close on June 26.
It is an offer for sale of 48,87,862 shares by its promoters and investors, so company will not get any proceeds from public issue.
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