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Urban Company’s IPO received bids for 243.39 crore shares as against 10.67 crore shares on offer, according to data available as of 12:30 pm.

Over 1 crore shares of JBM Auto have already changed hands compared to the 20-Day average of 1.2 lakh. The stock is now near its 200-DMA of ₹677.

SEBI Board Meeting Live Updates: Market regulator Securities and Exchange Board of India (SEBI) will be holding its board meeting on Friday, September 12, where a slew of changes with regards to the market are expected. There is a lot…

Ambit has initiated coverage on Schloss Bangalore (Leela), calling it a strong play on India’s buoyant luxury hospitality market. Backed by Brookfield, the brand stands out for its best-in-city properties, premium clientele, and robust margins, with a lean balance sheet…

In the domestic market, gold stood at ₹1.11 lakh for 10 grams of 24-karat gold, ₹1.02 lakh for 10 grams of 22-karat gold, and ₹83,460 for 10 grams of 18-karat gold, according to Goodreturns data.

Forex traders said the domestic unit is hovering around its all-time low level amid a recovery in the US dollar index and persistent foreign fund outflows.

The brokerage prefers GAIL and Petronet LNG as better plays on India’s gas adoption theme, given Gujarat State Petronet’s limited growth capex and pipeline capacity expansion.

Brokerage firm JPMorgan believes the sector is approaching a demand recovery inflection point, forecasting a turnaround in the second quarter and a margin recovery in the second half of the year.

Lupin shares have corrected 17% from their all-time high of ₹2,402.90, hit on January 2 this year. Post the recent correction, Investec views valuations as reasonable.

Citi notes that a combination of the GST rate cuts, along with the late impact of the income tax revision, and lower interest rates creates an environment where the broader industry growth could turn out to be better than what…