Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors showed consistent interest, while QIBs surged in the last stretch. Despite valuation concerns and a declining GMP, analysts offer mixed recommendations, citing Ather’s growth potential and premium positioning.
GRSE, Cochin Shipyard & Mazagon Dock shares rally up to 18% in two days. Here’s what’s triggering the surge
Shares of defence shipbuilders surged despite broader market weakness, with Mazagon Dock rising 18% in two days and Cochin Shipyard gaining 9%. The rally follows