Hindustan Copper OFS received strong demand for non-retail investors, with the issue subscribed 3.41 times on Tuesday. The government received bids for 8.91 crore shares against 2.61 crore shares offered in the base issue.
Morgan Stanley maintained its overweight rating and Rs 557 target price, saying Varun Beverages' new subsidiary is in line with its plans to expand into ready-to-drink and alcoholic beverages.
Kotak AMC's Nilesh Shah says India is sitting on trillions of rupees in idle gold and wants startups to unlock it through crypto and stablecoin products rather than let the import bill keep climbing.
At the stock level, SBI Cards & Payment Services continued to post strong spending growth, but its share of industry spends declined sequentially, highlighting the mixed signals in the latest card data.
Dolat Capital has turned constructive on the sugar sector as domestic sugar prices surge amid tight inventories, lower-than-expected production and firm global sugar markets.
