Atlanta Electrics IPO: issue has so far subscribed twice on day 2; GMP at 12%. Which analysts say?

So far, on the second day of his IPO, Atlanta Electrics saw a general subscription of 1.19 times at 12:45 pm, along with a strong gray market premium (GMP) of 12.6%or RS 95-100. Non-institutional investors drove enthusiasm and subscribed to the issue 2.66 times, followed by the retail investors, who have subscribed to the issue […]

The banking sector is approaching the soil; Growth and margin recovery can start at H2: Pranav Gundlapalle

The Indian banking sector may be close to turning a corner to make a corner, according to Pranav Gundlapalle, senior research analyst at Sanford C Bernstein. After months of slower credit growth and margin pressure, he believes that both growth and profitability can start to improve compared to the second half of the current financial […]

Markets that will probably remain arranged in the short term get Momentum in H2: Mahsh Patil

Indian shares can remain accessible in the short term, but will pick up in the second half of the tax-driven by profit recovery and GST-conducted consumption boost, said Mahsh Patil, Chief Investment Officer at Aditya Birla Sun Life AMC. “The Indian markets have achieved a overdue global peers this year, with Asian and developed markets […]

IPO GMPS: Urban Company vs DEV Accelerator vs Shringar House – Gray market buzzes, but where should you place your bet?

Three IPOs from the motherboard, Urban Company, DEV Accelerator and Shringar House of Mangalsutra, show a strong interest on Dalal Street this week, each of which on the last day of bidding. But it is the gray market that offers an early wrist on potential action day promotion. Urban Company leads the peloton The RS […]