Global index services provider MSCI has added eight Indian stocks to its Global Standard Index and removed one as part of its quarterly index review. The changes will likely result in an inflow of nearly $1.4 billion from foreign passive funds when the actual changes take place on August 31. A release by MSCI on … Read more
In FY22, revenue from operations fell to ₹282.4 crore from ₹367 crore in FY20 amid the pandemic. In the same period, the company’s net profit fell to ₹16.6 crore from ₹31.3 crore. Synopsis Considering FY22 earnings, the company demands a price-earnings (P/E) multiple of 105. It has no listed peers. Given the size of its … Read more
The initial public offering of airport service aggregator platform DreamFolks Services will open for subscription on Wednesday, August 24, to raise ₹562 crore. The price band for the offer has been fixed at ₹308-326 per share. The IPO consists of an offer for sale of up to 1.72 crore shares by the promoters and selling … Read more