Tue, Jul 2, 2024 10:27 AM
U-Turn: Sensex, Nifty erase gains after hitting record highs
A Flip by Riya Sharma
Filing Income Tax Returns (ITRs) in India provides benefits like claiming tax refunds, verifying income and address, facilitating loan applications, and utilizing loss carryforward. Timely filing also avoids penalties, promotes transparency, and aids in government benefits. Registering on the e-filing portal is essential, requiring an Aadhaar card, PAN card, mobile number, and email ID.
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Emcure Pharmaceuticals' IPO opens for bidding from July 3-5, 2024, with a price band of ₹960-₹1008 per equity share, aiming to raise ₹1952.03 crore. The grey market premium is ₹333, indicating a strong response from investors. The IPO has been subscribed 1.32 times on the first day, with a PE ratio of 36.13x, considered fairly priced compared to its industry peers.
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L&T Finance's Q1FY25 update showed a 33% year-on-year increase in retail disbursements to ₹14,830 crore, with urban finance growing 44.25% to ₹6,040 crore and rural business finance up 27.90% to ₹5,770 crore. The company's retail loan book jumped 31% to ₹84,440 crore. Brokerages UBS and Citi maintained "buy" calls with target prices of ₹230 and ₹221, respectively.
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