The Sat Kartar Shopping IPO allotment status will be available soon, with listing scheduled for January 17, 2024, on the NSE SME. Investors can check the status online through the registrar's website or the NSE website. The IPO's grey market premium stands at +₹60, indicating a likely listing at ₹141, a 74.07% premium over the issue price.
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Shares of Trent rallied 5% on Wednesday, January 15, after domestic brokerage Elara Securities initiated a 'buy' rating on the Tata-owned retail major. The brokerage eyes a potential upside of 38 per cent in the next 13 months at a target price of ₹8,500. Trent, a subsidiary of the Tata Group, is a leading player in India's retail industry and manages well-known brands, Zudio and Westside.
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✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 224.45 points or 0.29% at 76,724.08, and the Nifty was up 37.15 points or 0.16% at 23,213.20. 📊Among sectoral, Nifty Infra (⬆️0.97%) turned out to be the best performer while Nifty Pharma (⬇️1.04%) saw considerable selling.
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