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The IPO is not tracked by many brokers, and those who are tracking it have recommended avoiding the issue, citing its rich valuations, high debt and muted business profile.

The company’s scrip surged to a high of Rs 275 as against Rs 254.85 at previous close on the National Stock Exchange. The stock was last trading 3 per cent higher.

Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 10.84 per cent and 4.48 per cent, respectively.

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 42046.95 Crore) operating in Pharmaceuticals sector.

A total of 12,347 shares changed hands on the counter till 11:57AM (IST)

The Relative Strength Index of the stock stood at 43.01 on Monday.

The stock quoted a 52-week high price of Rs 512.05 and low of Rs 350.35.

Indian Energy Exchange Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.

Motherson Sumi Systems in January 2021 said that it would demerge its wiring harness undertaking and list it as a separate entity. The promoters of the company are Motherson Sumi and Sumitomo itself.

“In the case of PVR-Inox, we do not need to just see the trading multiples of the past because the entire industry is going to see a dramatic shift. FY24 is the year when the merger will actually happen in terms of numbers, etc. Then if there is no other issue, then this industry can trade at 20-25 times also.”