Paytm stock is staring at a muted listing today after India’s largest IPO to date. Paytm’s Rs 18,300-crore public issue got a decent 1.89 times subscription, but grey market premium has vanished since then, amid concerns of overvaluation. At about 45x sales, and a market capitalisation of Rs 1.4 lakh crore, Paytm stock is not […]
Hindustan Unilever on Thursday reported its fiscal fourth quarter net profit at Rs 2,561 crore, up 8.5% on-year, meeting analyst estimates. A CNBC TV18 poll of analysts had expected HUL Q4FY23 net profit at Rs 2,580 crore. The FMCG major posted a revenue of Rs 15,215 crore for the quarter, up 10.5 per cent on-year. […]
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