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A total of 4,541 shares changed hands on the counter till 12:53PM (IST).

The issue kicked off for subscription on Monday, October 10 and will close for subscription on Wednesday, October 12. The company is selling its shares in the range of Rs 75-80 apiece to raise about Rs 310 crore via its initial stake sale.According to the data from BSE, the investors made bids for 1,66,59,990 equity shares or 78 per cent compared to the 2,12,69,714 equity shares offered for the subscription by 11.35 am on Wednesday, October 12.

Its earnings before interest and taxes margin is likely to expand 30-100 bps sequentially from 17%

“The pick-up in inflation starting in the summer of 2021 was quite obvious to me and I can see certain signs that in six months, we will turn the corner. If that is the case, I am pretty sure the central bank will again change the rhetoric and so that background will have gone. When the Fed policies turn, western markets will probably rally a lot more than India. But until that time, unless there are huge policy mistakes in India, it will stay expensive relative to other markets.”

Credit Suisse dropped 3.6% after Bloomberg reported the U.S. Justice Department is investigating whether the Swiss lender continued helping U.S. clients hide assets from authorities, eight years after it paid a $2.6-billion tax evasion settlement.

The stock quoted a 52-week high of Rs 979.25 and a 52-week low of Rs 583.05.

Even though cross currency headwinds hit sales growth in Q2 and are expected to have an impact in Q3 as well, analysts unanimously see Infosys retaining its constant currency revenue growth guidance of 14-16 per cent for 2022-23 (April-March), when it releases numbers on Thursday.

KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10751.44 Crore) operating in Power sector.

“With a 1.4 times price adjusted book, 25-30% kind of growth, IndusInd Bank is far better placed compared to an Axis Bank at this point of time. Among footwear names, we like Metro Brands and Campus. We also like QSR stocks like Jubilant Food and Devyani International from a medium to long term perspective. ”

“By December, we would not have just evidence, we will have real proof the inflation is down then they can up their rhetoric. I think doing it on the November 4 meeting would be premature on the part of Fed because the dot plot was just revised up in September but the December 14 meeting will be an important one for signaling that the rate hike cycle is ending.”