Vodafone Idea FPO: By the afternoon of April 22, the last day of bidding, Vodafone Idea’s follow-on public offer (FPO) has been fully subscribed 1.5 times, with investors purchasing 1,873.7 crore equity shares, according to subscription data from exchanges. The largest offering of its kind in the country, the Rs 18,000-crore FPO, saw the third-largest…
HDFC Bank: Despite HDFC Bank’s shares opening positively, the lender’s Q4 profitability fell short of expectations due to increased provisioning. By 9:17 am, the stock was down 0.6% at Rs 1522.15. In Q4, the bank posted a standalone net profit of Rs 16,500 crore, compared to Rs 16,400 crore in the previous quarter. According to…
HDFC Life Insurance has emerged from consolidation with heightened volume activity. Brokerages ICICI Securities and Axis Securities have both issued a “buy” recommendation on the insurer, identifying it as their top technical pick for the week. HDFC Life has demonstrated remarkable resilience amid recent market volatility, consistently outperforming the broader market. As per ICICI Securities,…
