GPT Healthcare Ltd, which runs mid-sized multi-specialty hospitals under ILS Hospitals brand, has set the price band for its IPO at Rs 177-186 per share. The IPO, which includes a fresh issue of Rs 40 crore and an offer for sale by private equity firm BanyanTree Growth Capital II, will open for public subscription from February 22-26. The company plans to use the proceeds for debt repayment.

PSU bank stocks have outperformed private sector bank stocks in the last year, with the Nifty PSU Bank index rising 88% compared to a 13% rise in the Nifty Bank index. This is due to the improved performance and asset quality of PSU banks, as well as their cheaper valuations compared to previously expensive private sector banks. However, sustainability of high valuations depends on the earnings.

The Interim Budget 2024 proposes an extension till March 2025 for non-resident aircraft lessors in GIFT City to avail key tax incentives. However, this may not be sufficient for long-term operations. There is also uncertainty regarding transition of existing leases to GIFT City. The tenure of the corporate tax holiday for aircraft leasing units in GIFT City is deemed inadequate.

LIC of India Limited shares rose over 2% due to a refund order of Rs 21,740 crore for the 2012-2019 period. The total refund value is Rs 25,464 crore and the company is pursuing the balance with the Income Tax Department. In addition, the insurer launched a new savings life insurance plan and reported a strong earnings growth in the December quarter.

Gujarat Gas share prices rose 3.5% on Monday after a correction of more than 6% following Q3 results on Friday. The dip was largely due to weaker margins and volumes for its supplies to Morbi industrial cluster. However, the outlook remains positive as the company is expecting strong CNG volume growth and has recently launched a new model for opening additional CNG stations.

Davangere Sugar Co., one of the top-performing stocks in the Indian stock market, has seen a 700% rally in the last five years. After declaring stellar Q3 results for FY2023-24, the multibagger stock has risen by 40% in just four days. The company's expansion plans, strong financials, and focus on sustainability make it a promising investment opportunity for investors looking for long-term gains.

Chinese electric vehicle maker Xpeng plans to hire 4,000 new employees and invest millions in artificial intelligence as it faces tough competition in the world's largest auto market. The company also aims to release 30 new products or models within the next three years. This comes at a time when other Chinese EV companies are cutting costs and facing weaker demand.

Tata Group-owned carrier Air India and plane parts-maker Tata Advanced Systems will invest 23 billion rupees ($277.2 million) in the Indian state of Karnataka, the state government said on Monday. Air India will conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport, while Tata Advanced Systems will set up manufacturing and R&D facilities in the state, the government said.

Last week saw a positive trend in equity benchmarks, with the Sensex and Nifty both gaining significantly. M&M, Wipro, and Maruti were among the top gainers. Other shares, such as One Global, PCL, Jubilant Industries, and Uni Royal also saw significant increases. The RMI scanner has signaled a "new buy" for Natco Pharma, Neuland Labs, Tips Industries, and Aarti Industries.

💰Larsen & Toubro (L&T) | Last traded price (LTP): ₹3,386.75 | Target price: ₹3,760 | Stop loss: ₹3,240 | Upside potential: 11% 💰SJVN | LTP: ₹120.50 | Target price: ₹146 | Stop loss: ₹116 | Upside potential: 21% 💰Bharat Dynamics | LTP: ₹1,709.90 | Target price: ₹1,900 | Stop loss: ₹1,630 | Upside potential: 11%

Dr Reddy's Laboratories' stock jumped 2% and hit a one-year high after reports emerged that the company is looking to acquire Novartis India. Dr Reddy's management has shown interest in acquiring a domestic-focused portfolio, while Novartis AG has initiated a strategic review of their Indian subsidiary. At 11.01 am, shares were trading at Rs 6,422 on the NSE.

GPT Healthcare is set to go public with its IPO priced at ₹177-₹186 per share. The subscription will take place from February 22-26 and allocation to anchor investors will happen on February 21. The floor price is 17.7 times the face value, with the hopes of raising ₹40 crore through a fresh issue and an offer-for-sale to raise more funds. The company currently operates four hospitals.

Paytm Closes Wallets, Killer Transaction Fees Complications Given the closure of PPBL wallets, Paytm customers using FASTags and NCMC may experience difficulties in figuring out how to fund these instrumentalities. Originally, the wallet functioned as a quasi-PPI to charge 2% for domestic Cashback when loading wallets, auto-debiting from cards or accounts.

Inflation is down, interest rates are likely to decrease, and China's economy is struggling with deflation. This could have a ripple effect on the rest of the world, causing commodity prices to drop and potentially impacting global growth and trade. Fed Chair Jerome Powell has downplayed the potential impact on US and may be cautious about implementing policies based on China's economic troubles.

ITC's shares showed resilience in Friday's trading session, closing nearly unchanged despite hitting a 10-month low earlier. Analysts are cautiously optimistic, as British American Tobacco plans to reduce its stake by 4%. This move could benefit both companies and analysts believe most downsides are priced in, making it a good time to add the stock to portfolios. Q3 results were strong.