Notwithstanding all the noise around froth and stress tests, mutual fund managers could not resist the charm of Dalal Street’s ‘Chote Miyan’ as the cash levels of smallcap schemes dropped 49 basis points in March. So what did our money managers do with the cash? While a part of it could have been spent in … Read more
Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more
After a stellar debut on Wednesday, shares of DOMS Industries fell to the day’s low of Rs 1,225.60 on Thursday, declining nearly 7% from the previous closing of Rs 1,326.05. Investors preferred to book profits after the stock got listed at an 80% premium. The stock is still trading at a premium of 66% over … Read more
