Brokerage Radar – IDBI Capital on GMR Infrastructure

IDBI Capital on GMR Infrastructure

✅ Initiated ‘Buy’ with price target of Rs 32; implying a potential upside of 78 percent from the last regular trade.

✅ GMR Infra stands as a testament to world-class conglomerate.

✅ With stake sale in energy, days are brighter ahead.

✅ Divestment of roads is a matter of time. 

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Stocks To Watch Out For In Monday’s Trade

Stocks For Monday

💗 SBI sold, ICICI Bank bought 4.4 percent equity in Clearing Corporation for Rs 143 crore

💗 Videocon Industries clarified that it is evaluating process to sell stake in Brazil oil block.

💗 Zee Entertainment calls off deal to acquire 100 percent equity stake in 9X entities. 

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Bandhan Bank IPO Subscribed 0.66 Times On Second Day Of Bidding

Bandhan Bank IPO Update

Gold Silver Reports (GSR) – Bandhan Bank IPO Subscribed 0.66 Times On Second Day Of Bidding — Bandhan Bank’s Rs 4,473-crore initial public offering was subscribed 0.66 times on the second day of bidding, today. The IPO received bids for 5.48 crore shares against the total issue size of 8.34 crore shares, according to stock exchange data as of 4 pm.

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Stocks Moving On Heavy Volumes

Stocks Moving On Heavy Volumes 💙 ITDC: The government-owned tourism service provider rose as much as 17 percent to Rs 526.80. Trading volume was 78.6 times its …

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