Latest Updates Around The World
Eyewear retailer Lenskart’s lukewarm listing has sparked debate among investors and analysts. Despite being oversubscribed by more than 20 times, the stock opened weaker, surprising many on Dalal Street. According to Dharmesh Kant, Head of Equity Research at Cholamandalam Securities, the problem lies not in business fundamentals but in excessive IPO prices.“The surprise is that […]
Tata Motors’ commercial vehicles business, which includes trucks and buses, has been valued at around Rs 260.75 per share after the company’s much-anticipated demerger. The figure is derived from the pre-demerger closing price of Rs 660.75 and the opening price of Rs 400 for the parent company, now renamed Tata Motors Passenger Vehicles Ltd, and […]
The Nifty and Nifty Bank index have risen well for the second week in a row. Nifty is getting close to its crucial resistance. We will have to see if the expected bullish breakout happens this time or not. Nifty may gain momentum after breaking above immediate resistance at 25,450. Such a break could take […]
“That said, given the global headwind with which we are confronted, the fall is relatively enclosed, which indicates a pillow on the downside for the Nifty Indices. Yet this marks the fifth consecutive week of the formation of the lower layer, and weakness continues to exist.From a fundamental perspective we see the markets pretty mature […]
