The Rs 429-crore IPO of Exicom Tele-Systems was fully subscribed within hours of opening on February 27, with retail investors and HNIs lapping up their quota of shares. The portion set aside for retail investors was booked three times, while high net-worth individuals (HNIs) picked 1.17 times their allotted quota of shares. About 75 percent of the initial public offering of the Gurugram.

Platinum Industries IPO subscription status: Platinum Industries IPO was fully booked within the first hour of its opening owing to strong response from retail investors and non institutional investors (NIIs). Platinum IPO subscription status was 1.55 times, at 11:12 IST, as per BSE data. Platinum IPO's retail portion was subscribed 2.25 times, the NII portion was booked 1.99 times.

Zenith Drugs made a strong debut, listing at a 39.2 percent premium to the IPO price on February 27. The stock opened at Rs 110 against the issue price of Rs 79 on the NSE SME platform. Ahead of the listing, the stock was commanding a 44 percent premium in the grey market, which is an unofficial ecosystem where shares start trading before the allotment in the IPO and until the listing day.

Dixon Technologies (India) and Whirlpool of India have been downgraded by Jefferies India to ‘Underperform’ ratings in the small and mid-cap stocks space (SMID) post-December quarter performance. During the October- December 23 quarter, companies under coverage of Jefferies posted a strong profit before tax growth of 24% year-on-year, which as per Jefferies was driven by capex.

Shares of PNC Infratech, an infrastructure company, surged by 5% to reach an all-time high of ₹469 per share during Tuesday's intraday trading session. This spike came after the company in an exchange filing said that it had been awarded a Letter of Acceptance from the Madhya Pradesh Public Works Department. 

As the competition among quick service restaurants (QSRs) heats up, will the good old pizza lose out to other comfort foods like burgers, fried chicken, or biryani in the hunger game? This is an Rs 80,000 crore question for investors in 5 listed QSR stocks. December quarter earnings showed flat sequential growth trends for QSRs as dine-in footfalls remained lower and demand dipped further Diwali.

Shares of Multi Commodity Exchange (MCX) jumped 2 percent in early trade on February 27. MCX and the Jakarta Futures Exchange (JFX), the largest exchange in commodity and derivatives market in Indonesia, have entered into a contract to help enhance collaboration in key areas, including knowledge sharing, research, education, training, awareness creation, and other market development initiatives.

Stock market today: Sigachi Industries share price witnessed strong buying interest among Dalal Street bulls in early morning session on Tuesday. Sigachi Industries share price today opened upside and went on touch an intraday high of ₹95.90 apiece on NSE, logging an intraday gain of nearly 6.50 percent wiithin few minuters of the opening bell.

The aggregate holdings of foreign portfolio investors (FPIs) in the Indian stock market decreased to a decadal low. The FPIs now hold around ₹62 lakh crore worth Indian stocks as of January 2024-end, against the aggregate market capitalisation of ₹380 lakh crore.This implies that FPI holdings in Indian equities fell further to 16.3% at the end of January 2024.

GPT Healthcare IPO allotment: After receiving a decent response from investors during the bidding period from February 22 to February 26, attention now turns to the allotment of GPT Healthcare.The allotment for the GPT Healthcare IPO is likely to be finalised today. Investors can check their allotment status on the registrar, Link Intime India Private Limited and the BSE website. 

The shares of Deem Roll Tech debuted with a premium of 55% on the NSE SME platform on Tuesday. The stock listed at Rs 200 as against an offer price of Rs 129.Ahead of the listing, the company's stock traded with a premium of Rs 88 in the unlisted market.The IPO, which is entirely a fresh equity issue of 22.68 lakh shares, received a healthy response from investors.

Vodafone Idea shares fell a percent in the early trade on February 27 ahead of the Aditya Birla group company’s board meeting to discuss a proposal for a large fund raise. At 9.18 am, the telecom operator's was quoting at Rs 16.7 on the National Stock Exchange (NSE), down almost a from the previous session. The board of directors will meet on February 27 to consider all proposals for raising.

The shares of Zenith Drugs debuted with a premium of 39% on the NSE SME platform on Tuesday. The stock listed at Rs 110 against an offer price of Rs 79.Ahead of the listing, the company's stock traded with a premium of Rs 40 in the unlisted market.The IPO, which was entirely a fresh equity issue of 51.48 lakh shares, received a healthy response from investors.

Gold And Silver Prices Today: Gold prices witnessed a slight decline on Tuesday. The price of 24 carat gold is Rs.6315.7 per gm, a decrease of Rs.711.0. The price of 22 carat gold is Rs.5785.2 per gm, down by Rs.651.0.The percentage change in the price of 24 carat gold over the last week has been 0.01%, while over the last month it has shown an increase of 1.24%.

Global brokerage firm UBS upgraded the stock of Tata Consultancy Services (TCS) to "buy" from "neutral" rating, raising the target price to Rs 4,700 from Rs 4,000 apiece, implying an upside of 17 percent from current levels. The bullish call came as analysts believe that the ramp-up of large deals will drive growth in the long term.