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On the technical charts, the 200-day moving average of the stock stood at Rs 2248.11.

The partially convertible rupee opened at 74.3980/$1 against 74.4250/$1 at the previous close. So far in the day, the rupee moved in a band of 74.3750-74.4650 per US dollar.

Majority of analysts have been positive over the issue, thanks to its growth prospects and strong portfolio. Though a few have raised the flags over the premium valuations, losses reported in the current fiscal and debts in the books.

LIC should set an example for retail investment in the IPO allotment. Why can’t all retail investors get an allotment in the share sale? Not only will it widen the stock market base, but it will also give Indian individuals a chance to directly own a stake in a strong Indian brand.

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 82744.61 Crore) operating in Financial Services sector.

A total of 1,032 shares changed hands on the counter till 11:47AM (IST)

“In the auto industry, better returns will come from the auto ancillary companies, especially the non-engine part manufacturing companies like Motherson Sumi, Minda Industries, Minda Corp, Endurance, Varroc.”

A total of 14,550 shares changed hands on the counter till 10:15AM (IST)

“It is not just the fundamentals that are driving this price higher, but the futures market is also driving this high and there is a danger that prices could rise a little bit higher still.”

The telecom services player posted a consolidated net profit of Rs 395.21 crore for the third quarter ended December 2021. The company had reported a net profit of Rs 309.41 crore in the same period a year ago.