Dr Reddy's has been investing in the areas of access to novel molecules, consumer healthcare and digital therapeutics as additional levers for business growth
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The block deal is placed at Rs 267 per share, bringing the total potential investment to approximately Rs. 1,885.02 crore
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Retail investors can bid for the maximum of 13 lots, while for the 1 lot of 72 shares, the minimum investment required is Rs 14,904
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The price band for the issue is fixed at Rs 267 to 281 and the IPO will list on the NSE and BSE on 02 July
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Upcoming U.S. Presidential Election Debate and the U.S. Personal Consumption Expenditures (PCE) inflation number, which are expected to influence the market, says expert
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Brokerage also says it expects a strong support level at 22,200, meaning the index is likely to stay above this level even if it faces some downturns
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Reliance tops the index with more than 4 per cent gains followed by more than 3 per cent gain in Bharti Airtel
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During its subscription phase, Qualified Institutions places bids over 28 times, whereas retail subscription stands at nearly 45 times
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During its subscription phase, Qualified Institutions places bids over 200 times, whereas the issue was subscribed by 103 times
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Market upswing occurs due to the RBI data that shows the current account surplus for the fourth quarter of the fiscal year 2023-24 is 0.6 percent of GDP
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