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Hyundai Motor India's shares currently trading at a discount to the issue price of Rs 1,960. The grey market premium (GMP) stands at Rs 1,903, reflecting a -3% premium. If trends persist, the stock is likely to debut negatively on October 22. The final share allotment for the IPO will be confirmed today.
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Pankaj Pandey, Head of Research, emphasizes selective stock recommendations due to high anxiety levels in the market. He forecasts growth for Newgen Software and positive performance for Narayana Hrudayalaya. Pandey comments on the fluctuating market mood influenced by events like elections and advises cautious optimism as investors navigate the economic landscape.
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Israel shared a photo of ex-Hamas chief Ismail Haniyeh kissing Yahya Sinwar after Sinwar's death. Sinwar was killed during a military operation in Gaza. He was a key figure in the deadly October 7, 2023, attack on Israel. Israeli Prime Minister Benjamin Netanyahu called Sinwar's death a significant milestone in diminishing Hamas's influence.
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