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Ather Energy's Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors showed consistent interest, while QIBs surged in the last stretch. Despite valuation concerns and a declining GMP, analysts offer mixed recommendations, citing Ather's growth potential and premium positioning.
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Varun Beverages reported a 33.45% YoY rise in Q4 net profit to Rs 731.3 crore, with revenue up 29% to Rs 5,680 crore. Volume growth, especially in India and South Africa, drove performance. The company also declared a Rs 0.50 interim dividend.
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The slowdown in the market was expected due to the lowering of thresholds at which buyers need to start paying stamp duty at.
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