Uncertain stock market conditions call for smart strategies. The beaten-down valuations of many companies have prompted their promoters to adopt a contrarian investment approach, which will help them strengthen their holdings at lower than market value. They, however, are refraining from picking up additional stakes directly through open market acquisitions of shares or by way … Read more
Only two companies — Hariom Pipe Industries and Venus Pipes and Tubes — that hit Dalal Street in fiscal 2023 have delivered multibagger returns to investors. These two debutants were the best performing among a total of 37 IPOs that flocked to the market last financial year. While Hariom Pipe has tripled investors’ wealth, rising … Read more
Reflecting the muted performance of equity markets in fiscal 2023, the funds raised through initial share-sales in FY23 more than halved, compared with previous financial year. A total of 37 companies hit the primary markets in FY23 raising just over Rs 51,000 crore as against 53 IPOs garnering over 1.11 lakh crore in FY22, according … Read more
Nifty futures on the Singapore Exchange traded 52.5 points, or 0.28 per cent lower at 18,615.5, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: : The USFDA has issued 8 observations for the drug product facility and API … Read more
Mumbai: Initial public offerings (IPOs) in 2022 have helped investors make better money than the previous two years, with 17 of the 22 listings currently trading above their issue price amid sharp swings in the stock market. Some IPOs such as , Veranda Learning, Venus Pipes, and Campus Activewear, have more than doubled over the … Read more