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The bonus shares after their allotment will rank pari-passu in all respects and carry the same rights as the existing equity shares, the company said in its filing to the exchanges.
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Nomura neutral on HDFC Bank at Rs 1625 target price. Kotak Mahindra Bank raises InterGlobe Aviation's target to Rs 4200. UBS maintains Infosys buy at Rs 1800. Jefferies bullish on Piramal Pharma.
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The US Federal Reserve is expected to keep interest rates stable amid rising inflation. Market anticipates potential rate cuts in 2024 based on economic conditions and dot plots forecasts.
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Equity mutual funds in India see a rise in cash holdings, with major players like SBI Mutual Fund and ICICI Prudential AMC having significant cash reserves. Even Warren Buffett struggles to find value in the market, while Sebi's stress test orders have put mutual fund portfolios under scrutiny.
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Popular Vehicles IPO debuted with discounts on NSE and BSE. The company's revenue segments include passenger, commercial vehicles, and electric vehicles. It closed on March 14 with a P/E of 28.9x based on FY23 earnings.
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News and Media