The Rs 829 crore IPO , which was sold in Rs 425-429 price band from October 31 to November 2, was subscribed 7.90 times. The lender posted a 38 per cent YoY drop in standalone net profit at Rs 1,581.55 crore for quarter compared with Rs 2,538.32 crore reported for the corresponding quarter last year. However, JustDial later denied the takeover talks. Tata Motors gets 90 per cent of its revenue from JLR and is often viewed as a play on the global premium car market. State Bank of India (up 6 per cent), Bank of Baroda (up 3 per cent) and IDBI Bank (up 3 per cent).

Source: Economic Times November 10, 2017 11:37 UTC