Share market news today | Sensex, Nifty, Live Stock Quotes: Local stock markets continue to trade in the hands of bears. S&P BSE Sensex It opened below 47,000 as the index fell more than 500 points at the open. Wider Nifty 50 The index was near 13800 levels. It was among the highest clouds on the Sensex Sun Pharma And Dr. Reddy. Only 4 of the 30 Sensex ingredients were green, including ONGC, NTPC, Asian paintsAnd and Maruti Suzuki India. Wider markets reflected standards. Fluctuations were high India VIX Break through 25 levels.
Bidding process for Kraft fireplaceThe initial public offering (IPO) will close today. To date, the issue has been oversubscribed 1.93 times, primarily with the help of retail investors alone, while institutional investors are still missing. The retail class subscribed to the issue 13 times while non-institutional investors subscribed to the issue 1.85 times. Qualified Institutional Buyers (QIB) bid for only 8% of their stake. Stove Kraft is a leading manufacturer of home and kitchen appliances solutions. “In the upper range of the issue price, Stove Kraft will trade at an EPS / 12.0 times its annual revenue in the first half of FY 21, which is at a discount compared to its listed counterpart TTK prestige Ltd (45x), Hawkins cookers (42.3x) and Butterfly Gandhimathi (284.3x), analysts at KR Choksey said while giving a rating of “subscription” to the IPO.