Q3 results this week: L&T, Bajaj Finserv, Sun Pharma, Tech Mahindra, Ashok Leyland and others
Results that will be out on January 30 include Larsen & Toubro, Bajaj Finserv, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Holdings & Investment, GAIL, SRF, Punjab National Bank, REC, Laurus Labs, IIFL Finance, Trident, Exide Industries, Nippon Life India Asset Management, Mazagon Dock Shipbuilders, Welspun as well as Inox Leisure.
Elin Electronics IPO sails through on final day; retail, NII portions fully booked
The quota for retail bidders was booked 1.53 times, whereas the allocation for non-institutional investors (NIIs) fetched 1.63 times subscription. The portion for qualified institutional bidders (QIBs) was booked only 1%.
KFin Technologies IPO opens today: Should you subscribe?
Brokerage firms have mixed views on the issue. A few believe the company is a lucrative long-term play given its strong position in the duopoly market, whereas others suggest keeping off the issue, citing rich valuations and complete OFS status.
Jefferies bets on Zomato, SBI, 17 other stocks to play India growth story
The brokerage likes Tata Motors given the cyclical recovery and improving franchise in India, leadership in the electric vehicle (EV) space, and JLR's focus on returning to higher margin Land Rover models.