Daily Headlinez Top News Updates
Morgan Stanley initiated its coverage on LG Electronics with an overweight rating and a target price of Rs 1,864. Analysts said the company stands out across many categories in a highly competitive consumer durables market with industry-leading margins and best-in-class capital efficiencies. They expect revenues and margins to be driven by its new capacity, and…
Jefferies has an underperform rating on Tata Motors PV with the target price at Rs 300. Analysts said the company reported earnings before interest, taxes, depreciation, and taxes (EBITDA) loss in the July-Sept quarter (Q2FY26), dragged by cyberattack at JLR. Cyberattack-related disruptions continue in Q3FY26 and should normalize by Q4FY26. Nevertheless, analysts see multiple headwinds…
LG IPO performance stands as the most impressive among Indian offerings exceeding one billion dollars since 2021. (AI image) LG Electronics India on Tuesday had a stellar listing on the stock exchanges NSE and BSE, debuting at a whopping premium of 50% above its share price issue. Trading commenced at Rs 1,715 on BSE and…
India’s stock markets are witnessing a wave of blockbuster IPOs, showing that domestic investors remain confident in the country’s growth story, even as the Nifty and Sensex have delivered no returns over the past 13 months.Experts say this year’s record inflow of funds into IPOs reflects strong trust in India’s economic potential.Ajay Bagga, Banking and…
NEW DELHI: LG Electronics India Ltd’s IPO received 3.3 times subscription on the second day of bidding on Wednesday. The IPO got bids for 23,70,85,836 shares against 7,13,34,320 shares on offer, according to NSE data. The quota for non-institutional investors received 7.6 times subscription. The category for qualified institutional buyers (QIBs) got subscribed 2.6 times,…
NEW DELHI: India’s primary stock market is preparing for a hectic week ahead, with at least five initial public offerings (IPOs) collectively valued at more than Rs 28,500 crore expected to hit the market. Tata Capital and LG Electronics India are leading the charge.The standout issue will be Tata Capital’s Rs 15,512 crore IPO, scheduled…
