ICICI Prudential Asset Management’s IPO saw a strong subscription, indicating a likely firm market debut with potential listing gains of 10-20%. Analysts suggest the stock could list above ₹2,500, with some assigning a ‘Buy’ rating and a price target of ₹3,000. The company’s strong fundamentals and industry tailwinds support long-term growth prospects.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.