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Jefferies sees 13% upside in Reliance Industries; Expects Reliance Jio to list by 2025 with $112 billion valuation
Global brokerage firm Jefferies has maintained its ‘Buy’ rating on Reliance Industries, setting a target price of Rs 3,580 per share. This target implies a potential upside of…
Markets give up record gains in later trade; Nifty fails to hold 23,000, Sensex below 75,400
The Indian equity indices gave up their record gains during the later trading hours and fell sharply on May 27. The indices hit a new all-time high during…
Medi Assist IPO subscribed 54 per cent on Day 1 of offer
The Initial Public Offer (IPO) of Medi Assist Healthcare Services received 54 per cent subscription on the first day of bidding on Monday. The Rs 1,171.57 crore IPO…
Major relief for debenture trustees on the cards
Debenture trustees are likely to get significant relief as a Securities and Exchange Board of India (Sebi) working group is expected to recommend reduction in compliance burden and…
Rating- reduce – ONGC targets steady production
ONGC’s Q2FY24 Ebitda of Rs 18,400 crore experienced a 6% q-o-q decline, landing 8% below our estimate. This decrease can be attributed to slightly lower-than-anticipated volumes, elevated other…
SEBI returns IPO documents of Vishal Mega Mart, Avanse Financial, Sai Life Sciences, BMW Ventures – Find out why
SEBI Returns IPO papers of 4 Companies: In an unusual move last week, market regulator SEBI returned the IPO documents of four companies citing non-compliance. SEBI’s Regulation 7(1)(a)…