Hyundai Motors soars 6 percent, Waaree Energies IPO subscribed 12x, HUL Announces Ice Cream Business Separation

Written by - Fisdom Research

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October 23, 2024 2 minutes

Market Snapshot

Indian indices opened on a negative note due to mixed global cues, with Nifty trading below 24,400.
Buying at lower levels helped erase early losses, pushing the indices into positive territory during the initial trading hours.
Final hour selling pressure dragged the Nifty back below 24,450.
Sector-wise, the IT index gained over 2%, while capital goods, power, and pharma sectors each declined by 1%.

Hindustan Unilever Ltd (HUL) announced on October 23 its decision to separate its ice cream business, following a recommendation by an Independent Committee after a comprehensive review.
Sona BLW Precision Forgings Ltd. has agreed to acquire the Railway Equipment Division of Escorts Kubota for Rs 1,600 crore.
Hyundai Motor India rose 6 percent to Rs 1,929 in afternoon trade on October 23, following its market debut, but closed over 7 percent lower after listing at a discount, disappointing investors. Despite concerns about a slowdown in automobile demand, analysts remain bullish on Hyundai, citing strong support levers for future growth.
Godavari Biorefineries sets IPO price band at Rs 334-352 per share
Waaree Energies IPO subscribed nearly 12 times on Day 3,
Afcons Infrastructure IPO to open for subscription on October 25

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