Paradeep Phosphates: Should you book profit or hold it for long-term?

Paradeep Phosphates: Should you book profit or hold it for long-term?

New Delhi: The latest debutant of Dalal Street, Paradeep Phosphates, gave up opening gains within an hour of post-listing trade. The company which debuted at a 5 per cent premium on Friday, saw strong demand from buyers within minutes of listing, rallying nearly 13 per cent over the IPO price. However, later it was trading … Read more

LIC could make a modest debut amid market uncertainty

LIC could make a modest debut amid market uncertainty

Mumbai: Insurance behemoth (LIC) is likely to see a modest stock market debut on Tuesday as uncertain investor sentiment could restrict the opening day gain that some of the previous listings have seen. In the unofficial grey market, the stock is trading around ₹19 below its issue price of ₹949 per share. Though the discount … Read more