Wed, Jan 8, 2025 5:36 PM
Quadrant Future Tek IPO receives 43x bids on Day 2
A Flip by Shubhangi Gupta
Small-cap stock below ₹50: Shares of Sudarshan Pharma Industries Ltd will be in focus on Monday when trading activity begins at 9:15 AM. The small-cap stock priced below ₹50 is one of the multibagger stocks that the Indian stock market has delivered in one year. This multibagger stock has declared the issuance of preferential shares worth up to ₹188.34 crore.
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Mumbai-based EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE's Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor investors will open for a day on January 16, the company said in a statement.
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Global brokerage firm CLSA has initiated coverage on the recently listed Hyundai Motor India with an Outperform rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker's strong growth prospects and strategic expansion plans, and competitive advantages such as superior unit economics and higher RoCE compared to Maruti.
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