Sanathan Textiles’ Rs 550 crore IPO opens today. The offer includes fresh equity and an OFS. Bidding closes December 23. Proceeds will repay debt and fund subsidiary Sanathan Polycot. The price band is Rs 305-321 per share. Analysts recommend subscribing for the long term. Listing is expected on December 27.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20