First day of Mankind Pharma IPO has 8% subscription; GMP falls 30% in 10 days

Get the latest update on Mankind Pharma’s IPO, with only 8% subscription on the first day, and a 30% fall in Grey Market Premium (GMP) within 10 days. Stay informed about the current status of Mankind Pharma’s IPO. The initial public offering (IPO) of Mankind Pharma, which is India’s fourth biggest pharmaceutical business, has so … Read more

Strong Showing from Financials Leads to Benchmarks Rise

On Monday, the Indian stock market witnessed a strong performance, with the 30-share Sensex closing above the 60,000-mark. The benchmark index was up 401.04 points (0.67%), closing at 60,056.10, while the Nifty50 closed at 17,743.40, up 119.35 points. The financial sector led the market rally, with strong buying in financial stocks pushing the benchmark indices … Read more

Maximizing Your Profits: Trading Strategies for RIL Shares After Strong Q4 Results

Following Reliance Industries (RIL) impressive earnings report for the quarter ending March 31, 2023, which surpassed market expectations, several leading brokerages maintained their optimistic outlook on the company’s stock. JP Morgan retained an “Overweight” rating, while Jefferies recommended a “Buy” rating. Domestic brokerages Motilal Oswal, Prabhudas Lilladher, and Sharekhan also expressed confidence in RIL, all … Read more

Is ICICI Bank the next HDFC Bank? Is ICICI Bank the new market leader?

As of March 31, 2023, the percentage of gross non-performing assets in all loans was 2.81 percent, down from 3.60 percent a year earlier and 3.07 percent a quarter earlier. Private lender ICICI Bank announced on Saturday that its consolidated net profit for the January-March 2022–23 quarter increased by 27.64% as compared to the same … Read more