← Go back Jun 06, 2023
Gandhar Oil Refinery and SBFC Finance received observation letters from SEBI dated June 23 for their IPOs. The offerings include the issuance of fresh equity shares and an offer for sale option. Source: SEBI SEBI issued an observation letter to Tata Technologies on June 21, 2023. The Tata Tech IPO will be a pure offer for sale by parent Tata Motors, and others. Tata Tech’s latest buyback valued the company at Rs 16,080 crore. Source: SEBI, BQ Prime Shares of Godrej Industries Ltd. rose the most in nearly two weeks after 10.2 lakh equity shares changed hands in a bunch on Tuesday. The scrip rose 4.01% to Rs 499.05 apiece as of 10:42 a.m., compared to a 0.15% advance in the NSE Nifty 50. It rose as much as 4.69% intraday, the most in nearly two weeks since June 15, 2023. The average traded volume so far in the day stood at 27.4 times its monthly average. The relative strength index was at 59. One analyst tracking the company maintain a 'buy' rating on the stock, as per the Bloomberg data. The average calculated from the 12-month price target given by analysts implies a potential upside of 46.5%. Source: Bloomberg, Exchange filing Shares of diagnostic companies were trading higher on Tuesday, as compared to a 0.18% advance in the NSE Nifty 50. Metropolis Healthcare Ltd., Vijaya Diagnostic Centre Ltd., Thyrocare Technologies Ltd., Krsnaa Diagnostics Ltd., and Dr Lal PathLabs Ltd., advanced over 1% in trade. CreditAccess Grameen has signed a syndicated social loan facility of up to $200 million as an external commercial borrowing, as per RBI rules. The company has received $160 million in commitments, along with a green-shoe option to raise an additional $40 million. Commitments received from 12 banks include 25% from Taiwanese banks, 28% from Middle Eastern banks, and the rest from foreign branches of Indian banks. Source: Exchange filing
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