IPO calendar: Shadowfax is one of four IPOs worth Rs 2,066 crore to hit the market; Bharat Coking Coal leads seven lists

India’s primary market is set for an active week, with four companies looking to raise around Rs 2,066 crore through initial public offerings, led by logistics firm Shadowfax Technologies, even as investor focus remains on upcoming listings such as Bharat Coking Coal and Amagi Media Labs.Investors will be watching a total of seven listings next […]

Morgan Stanley begins Meesho coverage with equal weight; marks full appreciation. Check the target, upside potential

International brokerage firm Morgan Stanley has floated a note on newly listed Meesho with an Equal-weight rating and a target price of Rs 169 per share, citing full valuations after the stock’s strong run-up post-listing. The price target suggests an upside of around 3% from current levels.The brokerage said valuations look good as Meesho’s advertising […]

For the time being, the markets are limited to a bandwidth; wait for earnings and macro signals for the next bull run: Ashi Anand

Indian equity markets may show renewed cheer on the broader side, but the next decisive step will depend on earnings visibility, currency stability and progress in the India-US trade deal, said Ashi Anand, founder and CEO of IME Capital, who believes that in the near term, markets are likely to remain within a certain range […]

Bengaluru gives India another billionaire. Who is IIT engineer and Meesho co-founder Vidit Aatrey?

Vidit Aatrey, a 34-year-old alumnus of the Indian Institute of Technology, Delhi, who started his career in factory operations at ITC and later worked in strategy at InMobi, has joined India’s elite billionaire club. The co-founder and CEO of Meesho Ltd crossed the $1 billion mark on Tuesday after the e-commerce company’s shares rose 13%, […]