Amidst global economic slowdowns, India emerges as a beacon of growth, showcasing resilience and vigour in its economic trajectory. With a robust recovery from the COVID-19 pandemic, India’s GDP surged by 7.2% in fiscal 2023, outpacing both advanced and emerging economies. Projections by CRISIL indicate a further expansion of 6.4% in fiscal 2025, buoyed by …
There’s a “sell” call regarding India among the foreign portfolio investors (FPIs). Foreign portfolio investors will have invested around Rs. 23,000 crores in the Indian capital markets as of 2021. However, they have taken out a vast sum from the stock markets around concerns of valuation. This contrarian game plan sparks some surprise and caution. …
An Overview In 4 days of market rallying, equity investors gained Rs. 6,09,840.74 crore, with benchmarks reaching new closing highs on Tuesday. On Tuesday, the BSE 30-share benchmark index rose for the fourth straight day, rising 148.53 points, or 0.25 percent, to a new closing high of 60,284.31. The benchmark has gained 1,094.58 points in …
IPO or Initial Public Offering is how a privately owned company starts to publically trade in the market by offering it’s shares for sale. Small firms or start-ups that manage to grow their business successfully and have a strong potential, decide to go public to raise funds in order to expand or strengthen their business …
In December 2021, 17 new IPOs were launched via the primary market route which helped the companies in raising Rs. 16,700 crore. In 2020 and 2021, there were hundreds of successful IPOs and the market was cheerful for the longest time in the history of IPOs. It flourished as a part of a bull run. …
Zenith Drugs Limited is a pharmaceutical company specializing in manufacturing and trading high-quality, affordable medicines, including generic drugs, which debuted on the Indian stock market today. The company’s stock opened at Rs 110 per share, indicating a significant premium of 39.24% compared to the final issue price of Rs 79 per share on the NSE. …
Exicom Tele-Systems Limited, incorporated in 1994, specialises in power systems, electric vehicle (EV) charging, and other related solutions IPO is set to open tomorrow, February 27. IPO Details The Upcoming IPO of Exicom Tele-Systems will be open for subscription from February 27 and will close on February 29, eventually listing on March 5, 2024. The …
Platinum Industries specialises in the production of stabilizers. The company is engaged in manufacturing PVC stabilisers, CPVC additives, and lubricants and is set to open next week on February 27. IPO Details The Upcoming IPO of Platinum Industries will be open for subscription from February 27 and will close on February 29, eventually listing on …
Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India is set to open on February 28. InvIT Details The Upcoming IPO of Bharat Highways will be open for subscription from February 28 and will close on March 1, eventually listing on …
Sadhav Shipping Ltd operates within the maritime industry, a vital sector contributing to India’s economic growth. With a focus on offshore logistics, port services, and oil spill response, the company caters to the diverse needs of India’s maritime landscape. Global Economic Overview: The global economy is gradually recovering from the pandemic, albeit with uncertainties arising …
