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In the five trading sessions leading up to January 10, the Sensex declined by approximately 2.33%, or 1,844 points, closing at 77,378, despite losses in four of those sessions. ETMarkets highlighted five stocks with a market cap of over Rs 1,000 crore that showed consistent price increases during this period. (Data Source: ACE Equity)
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OrbiMed-backed Laxmi Dental raised over Rs 314 crore from anchor investors before its IPO for public subscription. The anchor round included domestic mutual funds, insurance companies, and foreign entities. The IPO consists of a fresh issue of shares worth Rs 138 crore and an OFS by promoters and existing shareholders worth Rs 560 crore.
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CLSA has initiated coverage on Hyundai Motor India with an 'Outperform' rating and a target price of Rs 2,155, citing strong growth prospects amid strategic expansion. The firm notes the company's promising outlook with new capacity additions planned and competitive advantages, despite recent stock underperformance.
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