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IPO
The Prasol Chemicals IPO entered Day 2 of bidding after garnering 41% subscription on the first day. Priced at Rs 643–676 per share, the Rs 500 crore issue carries a grey market premium of Rs 30, implying around 4% upside. Anand Rathi has assigned a “Subscribe for Long Term” rating to the issue.
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Market updates
Stocks · 9 Sept 2026
BSE shares fell sharply on Wednesday after Bernstein initiated coverage with an Underperform rating and a Rs 2,820 target, implying 17% downside. The brokerage expects retail participation in equity derivatives to moderate and BSE’s market share gains to peak in FY27. Meanwhile, CAS-related volume concerns add to the pressure.
Source: Economic Times Markets
Read moreStocks · 9 Sept 2026
Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizant’s PERM labour certification filings, raising fresh concerns over tighter scrutiny of work visas and alleged visa fraud.
Source: Economic Times Markets
Read moreStocks · 9 Sept 2026
Prominent investors such as Radhakishan Damani and Ashish Kacholia are making waves with their significant stakes. Madhusudan Kela and Vijay Kedia are also investing heavily in select companies. Recent surges in Shaily Engineering Plastics and Neuland Laboratories catch the eye. Additionally, Dolly Khanna's investment in Chennai Petroleum shows impressive growth, all of which pique the market's interest.
Source: Economic Times Markets
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