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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.
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Indian markets ended the week higher but may face volatility due to U.S. airstrikes on Iran. Rising crude oil prices, cautious FIIs, and weak technical indicators could pressure sentiment. Investors are watching Irans response, dollar strength, and inflation risks to gauge near-term direction.
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Several stocks from the Nifty Mid-Small Cap 400 index are projected to deliver strong returns in the coming year, according to analyst estimates compiled by Trendlyne. Top picks include Bombay Burmah, Transformers & Rectifiers, Gravita, Sagility India, and Brainbees Solutions, with potential upsides ranging from 40% to over 90%.
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