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Tatva Chintan shares make a strong debut on the NSE

Investors rejoice…Investment doubles in a week.

Specialty Chemical manufacturer Tatva Chintan Pharma Chem made its listing todayt on Thursday by listing at ₹2534per share on the NSE, over 100% premium vs issue price of ₹1,083 a piece. This IPO had opened for subscription on July 16 and closed on July 20, and the share allotment was finalized on Tuesday.

The ₹500 crore IPO was subscribed nearly 180 times on the final day with the the retail segment subscribed 35 times, institutional segment 186 times and non-institutional 516 times. Many brokerages had recommended ‘Subscribe’ rating to the issue.

CTS raises 2021 revenue guidance to 9-10% as digital biz is up

Cognizant Technology Solutions Corp. raised its 2021 revenue growth guidance to 9-10% in constant currency from 5.6-7.6% it had guided earlier as business is picking up especially in the digital transformation space. Cognizant, which follows the calendar year, expects revenue for the September quarter to grow 10-11% in constant currency in the range of $4.69-4.74 billion.

Happiest Minds Q1 net profit down 29% at Rs35.7cr

IT services firm Happiest Minds Technologies Ltd reported a 29% year-on-year decline in its net profit to Rs35.7 crore for the fiscal first quarter ended June (Q1 FY22) due to an exceptional expense of ₹6.1 crore.

Revenues for the quarter grew 38.2% year-on-year to ₹244.6 crore on the back of broad-based growth. In US dollar terms, revenues during April-June grew 41.4% year-on-year and 9.6% sequentially to $33.1 million.

Glenmark and Rolex IPOs -open now  Investors can make strategic investments after doing the needed home work.

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