The government will sell up to 4% of its stake in Indian Railway Finance Corporation. The Offer for Sale begins Wednesday for institutional investors and Thursday for retail investors. The floor price is set at Rs 104 per share. IRFC is the funding arm for Indian Railways. The company recently reported its highest-ever quarterly profit.Read More
PNGS Reva Diamond Jewellery’s Rs 380 crore IPO enters Day 2 with 59% subscription and a grey market premium of Rs 4–5, implying modest listing gains. While institutional participation remains strong, retail demand is moderate. Brokerages remain divided, balancing healthy margins against valuation and execution risks.Read More
Eternal, once a star stock, faces a slump. Competition in food delivery and quick commerce intensifies. Valuations were high, and a leadership change added uncertainty. While core businesses improve, investors seek predictable earnings. The company’s strong cash position offers long-term support. Analysts suggest cautious accumulation.Read More
Dr. Reddy’s Laboratories shares are in focus today. The US SEC has concluded its investigation into allegations of improper payments to healthcare professionals. The regulator has decided not to recommend any enforcement action against the company. This development follows an internal probe launched by Dr. Reddy’s in 2020. The company fully cooperated with the authorities during the investigation.Read More
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