Ather Energy IPO: The Rs 2,626 crore IPO, open from April 28 to April 30, received a generally muted response across all categories. Retail investors subscribed 1.78 times their allotted portion, while qualified institutional buyers subscribed 1.70 times. Non-institutional investors showed weaker demand with a 66% subscription, but the employee quota saw strong interest, with subscriptions at 5.43 times.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing