Tatas are believed to have submitted a higher bid than rival Ajay Singh of SpiceJet. The Tata bid is about Rs 3,000 crore higher than the reserve price set by the government and about Rs 5,000 crore more than the bid by Singh, a report in this newspaper cited sources as saying.
On the technical charts, the RSI of the stock stood at 76.14.
After the solid listing pop, many investors, who have missed the bus, may be mulling an entry into the counter for long-term play. However, market experts and analysts advise them to wait and watch.
Promoters held 54.8 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 24.94 per cent and 9.07 per cent, respectively.
Online food delivery firm Zomato, in July, made a stellar debut on the bourses here setting the stage for domestic startups to ride on the current IPO wave.
A total of 68,984 shares changed hands on the counter till 12:50PM (IST).
Oyo is looking to raise more than $900 million through fresh issuance of shares while the rest of it would be through secondary share sale via an offer for sale.
The rally in PSUs typically comes at the fag end, after all the sectors have gone up, says Sandip Sabharwal
Minda Industries Ltd. key Products/Revenue Segments include Electronic Components, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.
The global crypto market cap was almost flat, marginally up, to $1.92 trillion compared to the last day. Similarly, the total crypto market volume tanked about 12 per cent to $82.83 billion.
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