Mamata Machinery’s shares debut with a strong grey market premium of Rs 260, indicating potential multibagger gains. Despite market volatility, the IPO saw a massive 194 times subscription. Analysts suggest booking profits for conservative investors post-listing, while long-term holders should stay invested. Mamata’s automation solutions and global reach bolster its growth prospects.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs