In a stunning debut that defied expectations, LG Electronics India surged 50.4% from its IPO price on its first day of trading on Tuesday, taking its market capitalisation to Rs 1.16 lakh crore, or about $13.13 billion, higher than its South Korean parent LG Electronics Inc, which is valued at around $8–9 billion in Seoul. … Read more
Shares of Urban Company surged as much as 4% on Thursday to Rs 174 on the BSE, taking gains to nearly 69% over its IPO issue price of Rs 103, in just two days of trade. The sharp rally has left investors weighing whether to book profits after the blockbuster listing or stay invested for … Read more
Markets this week seemed to be embracing the Christmas spirit as both the festive colours adorned trading terminals. After bleeding red on Monday, bourses lit up green recovering significantly from lows. This strong pullback might have hinted that the market is getting ready to launch itself into a phenomenon widely termed as ‘Santa Claus Rally’. … Read more
