HDB Financial Services’ upcoming IPO, valued at ₹12,500 crore, sees its grey market premium cooling down, signaling a shift from earlier exuberance. While unlisted shares traded significantly higher previously, the IPO price of ₹740 aligns with listed NBFC valuations. HDFC Bank, divesting a portion of its stake, stands to gain substantially.
Dabur India shares fall 4% even as Q1 earnings meet estimates. What’s spooking investors?
Dabur India shares dropped over 4% on Thursday after reporting Q1 earnings. The company announced a 15% rise in net profit and 11% revenue growth.