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3B Films, a plastic packaging film manufacturer, launched its IPO on Friday at 50 per share, aiming to raise 33.75 crore. The IPO, open until June 3, comprises a fresh issue and an offer for sale by promoters. Funds will support capital expenditure, working capital, and corporate purposes.
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Trade negotiations between the US and China have stalled, according to US Treasury Secretary Scott Bessent. He suggested that President Trump and President Xi Jinping might get involved to move the discussions forward. Both countries agreed to pause reciprocal tariffs for 90 days, but the complexity of the issues may require leadership intervention.
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Several brokerages have recently increased target prices for specific stocks. Kotak Mahindra Bank and Bharti Airtel are among those receiving upgrades. Analysts predict potential upsides of up to 20% for some stocks. Other stocks with upgraded target prices include Bandhan Bank, Federal Bank, and Marico. These upgrades suggest positive outlooks from various financial experts.
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