Sebi keeps Inox Clean Energy’s IPO papers to raise ₹10K cr in abeyance

Hindustan Copper shares fell around 3%, after the government concluded its Rs 2,982-crore OFS, which was oversubscribed. The company also faces Rs 14.43-lakh fines each from BSE and NSE over board composition compliance. Despite short-term pressure, the stock has delivered strong long-term returns.

Titan shares gained 2% after the company reported a 63% YoY rise in Q1 profit. Citi and Motilal Oswal retained their Buy ratings, while Nuvama downgraded the stock to Hold and Emkay maintained Add. Here’s what the four brokerages recommend.

The state-run bank is estimated to have bought bonds worth nearly 50 billion rupees, or about 40% of the offering, they said. The bonds were rated ‘AAA’ by rating agencies Crisil and CareEdge, and carried an annual coupon of 7.90%.