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SBI Funds Management received bullish brokerage coverage from Equirus Securities and Emkay Global, with target prices implying up to 31% upside from its IPO price of Rs 574. The stock debuted at a 7% premium on the exchanges, listing at Rs 610 on the BSE and Rs 613.30 on the NSE. Brokerages cited its strong…
SBI Funds Management shares debuted on D-Street Tuesday, listing at a premium. The IPO saw robust investor response, subscribed over forty-one times overall. Institutional investors drove demand, with QIB portion subscribed impressively. The company is India’s largest AMC by Quarterly Average Assets Under Management. Financials show consistent revenue and profit growth over three years.
MTAR Technologies shares hit the 5% lower circuit for a fourth straight session on Tuesday, taking their four-day decline to nearly 20% and one-month loss to 31%. The sell-off came as promoter and mutual fund holdings declined in the June quarter. However, foreign institutional investors raised their stake to 24.80% from 17.31%, signalling stronger overseas…
Karur Vysya Bank shares rose sharply after the private lender posted a 45% year-on-year jump in Q1 net profit to Rs 756 crore. Strong growth in net interest income, an improved net interest margin, healthy loan and deposit growth, and stable asset quality lifted investor sentiment.
SBI Funds Management Share Price: SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock on strong fundamentals.
Jaiprakash Power shares rallied 8.4% after strong Q1FY27 results, with revenue rising 12.2% and profit surging 68.6% year-on-year. The company returned to sequential profitability, while increased institutional holdings and positive technical momentum further supported investor sentiment.
ICICI Bank shares rose after reporting strong June quarter earnings and improved financial metrics. Other major private lenders like HDFC Bank and Axis Bank saw their stock prices decline. Analysts favored ICICI Bank for its consistent performance and clean results this quarter. Kotak Mahindra Bank also received a buy recommendation with a watchful eye on…
Dixon Technologies shares may see a rally after recent declines from their peak. Government approval for the Vivo joint venture is a significant development for smartphone manufacturing. New policy support for electronics manufacturing aims to boost domestic production and global competitiveness. Expanded customs duty exemptions are expected to lower input costs for the company. These…
Millworks Technologies shares: The Rs 160.34 crore IPO attracted overwhelming investor interest, closing with an overall subscription of more than 219 times.
Alpine Texworld shares debuted flat on Tuesday at their IPO price of Rs 105. The company plans to use Rs 126.25 crore raised from the IPO for expansion. Funds will support a new weaving unit and debt reduction efforts. Alpine Texworld specializes in fabric dyeing and processing with two existing facilities. The company is also…