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Akums Drugs and Pharmaceuticals will debut on Tuesday. The stock, with a GMP of Rs 140, is expected to list at a 21% premium over the upper price band of Rs 679. The IPO was oversubscribed 63.5 times, and analysts suggest it’s reasonably valued.

Follow-on offerings are particularly sensitive to market timing because the stock is constantly trading and its price fluctuates continuously. This makes deal pricing very dynamic, with precise timing being crucial.

Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.

Technology firm Affle (India) has reported 30.8 per cent rise in consolidated net profit at Rs 86.59 crore for June quarter FY25. It had clocked a net profit of Rs 66.17 crore in the year-ago period.

The crypto platform experienced a breach involving its multisig wallet, which typically requires two or more private keys to authenticate and confirm transactions before processing. WazirX had also put out a poll on social media platforms to gauge feedback from users and various other stakeholders.

Going forward, developments in the US economy and markets will set the trend for FPI in August, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.

ETMarkets identified four penny stocks that saw price increases of 10-25% during the week

On Friday, the Nifty gapped down and closed 293 points lower after hitting a new all-time high, ending at 24,717.70, a 1.2% decline. The Bank Nifty also underperformed, closing 214 points lower at 51,350.15, or 0.41% down.