Wed Jan 01 10:10:20 UTC 2025: ## Indo Farm IPO Shows Strong Grey Market Premium; Other Market News Highlights

**Mumbai, January 1** – The upcoming Indo Farm initial public offering (IPO) is generating significant buzz, exhibiting a strong grey market premium (GMP), according to ET Now. This indicates high investor anticipation ahead of the official launch.

Other market highlights include a 6% jump in IREDA share price following a strong Q3FY25 business update. UltraTech Cement also saw a positive reaction, receiving a BUY rating from Citi after its proposed acquisition of Star Cement. Analysts are speculating about a potential Reliance Jio share listing in 2025. Top picks for today include Coal India, Chennai Petro, Apollo Hospitals, TCS, HCL Tech, and Tata Chemicals. Finally, the ITC Hotels demerger officially took effect today, impacting investor portfolios. The day’s trading also saw discussions on investment strategies amid market volatility.

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