IREDA's shares surged nearly 6% to an all-time high of Rs 218.85 on July 3, driven by high volumes and block deals. The company recently raised Rs 1,500 crore through bond issuance, oversubscribed 2.65 times, and plans to raise Rs 4,000-5,000 crore through a Follow-on Public Offer (FPO). IREDA's stock has jumped 107.50% this year, more than doubling investors' money.
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BMW Group India reported its highest-ever sales in the first half of 2024, with 7,098 units delivered, a 21% yoy increase from 5,867 units in 2023. The company also sold 3,614 BMW Motorrad motorcycles. High demand for sports activity vehicles, electric cars drove the robust sales performance. Company maintained leadership in luxury electric car segment, with plans to improve business performance.
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Emcure Pharmaceuticals, the 13th largest pharmaceutical company in India, is set to go public with an IPO priced at INR 1,008 at the upper end, a 10% discount to its listed peers on an LTM PE basis. The company has a strong brand presence in India with 70.7% share of specialist prescriptions, and a diversified product portfolio across generics, branded generics, and patented products.
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