Is it a temporary cyclical slowdown or is something serious ailing Indian economy? Neelkanth Mishra answers

Is it a temporary cyclical slowdown or is something serious ailing Indian economy? Neelkanth Mishra answers

Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research and Whole Time Director, Axis Capital, says the worst of the growth should be behind us in the sense that the Indian economy may be going through a cyclical bottom. The 7% odd growth is what the economy can deliver. The labour input, capital … Read more

Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers

Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers

Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: InCred … Read more

IPO Tracker: Epack Durables, RK Swamy file draft papers with Sebi for public issue

IPO Tracker: Epack Durables, RK Swamy file draft papers with Sebi for public issue

Uttar Pradesh-based Epack Durables Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering to raise Rs 400 crore through fresh issue of shares. The IPO also consists of an offer for sale of 1,30,67,890 shares by promoters, promoter group entities, and other … Read more

Govt should focus on reforms to ensure quality jobs are created: Prithviraj Srinivas

Govt should focus on reforms to ensure quality jobs are created: Prithviraj Srinivas

“We will see a working age population increase of about 170 million people. And if we assume that the labour participation rate does not improve from here, then we are talking about new jobs, a requirement of about 70 million people,” says Prithviraj Srinivas, Axis Capital.Your take on India becoming most populous and it was … Read more

Banks pocket $12 million in fees in Adani’s mega share sale

Banks pocket  million in fees in Adani’s mega share sale

Investment banks are set to receive about 1 billion rupees ($12 million) in total fees after helping Indian tycoon Gautam Adani pull off a closely watched follow-on share sale, according to people familiar with the matter. The fees are equivalent to around 0.5% of the 200 billion rupees raised in .’s offering, said the people, … Read more

Elin Electronics IPO kicks off: Here’s what brokerages say about the issue

Elin Electronics IPO kicks off: Here’s what brokerages say about the issue

New Delhi: The Rs 475-crore initial public offering (IPO) of Elin Electronics kicked off for subscription on Tuesday. The company’s three-day issue will conclude on Thursday wherein it is selling its shares in the range of Rs 234-247 apiece. The primary offer, with a lot size of 60 shares, consists of the issuance of fresh … Read more

Over 95% upside potential! This smallcap stock in bear grip could reverse trend

Over 95% upside potential! This smallcap stock in bear grip could reverse trend

Shares of have fallen more than 30 per cent from their October 2021 highs, amid broader market weakness, putting the stock in the bear grip. However, brokerages have maintained their bullish stance on this smallcap company and see over 95 per cent upside on the back of strong order book and growth runway. Dolat Capital … Read more

Prudent Corporate IPO open from today: Here’s what brokerages say

Prudent Corporate IPO open from today: Here’s what brokerages say

New Delhi: The initial public offering (IPO) of Prudent Corporate Advisory Services will kick off for subscription on Tuesday, May 10. The company is offering its shares in the range of Rs 595-630 apiece. At the upper range of the price band, the retail wealth management services player is eyeing to raise Rs 538.61 crore … Read more

IPO-bound SPTL returned to black in FY21; grey market bullish on it

IPO-bound SPTL returned to black in FY21; grey market bullish on it

New Delhi: IPO-bound Sterlite Power Transmission returned to black in the financial year ended on March 31, 2021, after it reported Rs 362.92 crore net profit for the year against a net loss of Rs 517.71 crore in the previous year. The Vedanta Group company reported a 10 per cent rise in income from operations … Read more

Rakesh Jhunjhunwala-backed Star Health Insurance files DRHP to raise funds via IPO

Rakesh Jhunjhunwala-backed Star Health Insurance files DRHP to raise funds via IPO

New Delhi: Rakesh Jhunjhunwala-backed Start Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with Sebi for an initial public offering. The initial stake sale will consist of issuance of fresh equity shares aggregating to Rs 2,000 crore and offer for sale (OFS) of up to 60,104,677 equity shares by the … Read more