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Investors can apply for a minimum of 166 shares, with bids accepted in multiples, until the issue closes on July 28. Share allotment is likely on July 29, with the stock expected to list on both BSE and NSE on July 31. The IPO, pegging the companys valuation at over Rs 3,400 crore at the upper price band, is a pure fresh issue.
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Shriram Finance shares: Shriram Finance on Friday, July 25, reported a standalone net profit of Rs 2,156 crore for the AprilJune quarter, marking a 9% increase from Rs 1,981 crore in the same period last year. On a sequential basis, profit after tax rose 0.8% from Rs 2,139 crore in the JanuaryMarch quarter.
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Laurus Labs stock price increased following Andhra Pradesh government's land allotment. The company will establish Laurus Pharma Zone in Anakapalli district. Laurus Labs plans to invest significantly over eight years. This project aims to boost pharma manufacturing. It is also expected to generate employment opportunities for many people. Technical indicators suggest a potential short-term pullback, but overall sentiment remains positive.
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