CIE Automotive India: Buy at ₹485.20, target ₹525, stop loss ₹470;2] HBL Power: Buy at ₹324.85, target ₹350, stop loss ₹315; and3] BEL: Buy at ₹143.40, target ₹155, stop loss ₹137. (Read More)Mohit Burman, Member, Burman Family and Chairman, Dabur India, is unfazed by the Religare Enterprises Ltd board's resistance to his family's open offer, after initially welcoming it. He says that acquiring Religare will add a crucial piece to the Burman family's growing bouquet of financial products and that the company needs a promoter to re-enter the lending business.In a lengthy interview conducted over two days, Burman stopped short of commending Religare chairperson Rashmi Saluja for the company's recovery while giving "full marks" to the management team for the turnaround.
Burman also said his group contributed to the recovery. "Hopefully, all shareholders will support our offer," Burman said. (Read More)The initial public offering (IPO) of ASK Automotive Limited is scheduled to be listed today, on November 15, 2023.
This information is confirmed by the official website of the Bombay Stock Exchange (BSE). The BSE notice indicates that the listing of ASK Automotive IPO will occur during a special pre-open session within Wednesday's trading activities.Speaking on ASK Automotive IPO listing, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Fundamentals of ASK Automotive Limited is attractive but its valuations are slightly higher. Apart from this, the issue is 100 per cent OFS, which may limit the listing premium for allottees.
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