“We might see a bit of a pressure on the margins for a limited period but from a medium to long term a perspective, HDFC, LIC Housing Finance and some of the smaller HFCs like Can Bank which is focussing on small ticket size in the second and third tier towns, are poised for a significant growth in the next one year or so. â€
Shares of Reliance Industries stayed under pressure after the recent scrapping of O2C deal and were quoting 1.07 per cent lower at Rs 2,360.70.
As of 30-Sep-2021, promoters held 51.57 per cent stake in the company, while FIIs held 17.88 per cent and domestic institutional investors had 18.21 per cent.
The stock quoted a 52-week high of Rs 5845.25 and a 52-week low of Rs 2237.0.
A total of 1,235,858 shares changed hands on the counter till 02:12PM (IST).
The offer will open for subscription on Nov. 30 and comes as several firms, including prominent startups, go public to cash in on booming Indian stock market amid massive liquidity and increased retail investor participation.
The stock quoted a 52-week high price of Rs 354.55 and low of Rs 203.85.
After losing 4 per cent on Monday – a price action which eroded around Rs 66,000 crore in market value – Reliance’s shares had tumbled 2 per cent further on Tuesday. However, by the end of the day, the stock rebounded, gaining 0.9 per cent.
Over the last couple of months Zee, which is India’s largest traded entertainment network, has been embroiled in a bitter battle over management and governance issues with US-based Invesco Developing Markets Fund.
The Rs 1,013.6-crore IPO received bids for 1,09,44,34,026 shares against 80,79,491 shares on offer, according to data available with the NSE. The portion for non-institutional investors was subscribed 262.08 times, Qualified Institutional Buyers (QIBs) 100.73 times and Retail Individual Investors (RIIs) 49.70 times.
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