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When a company goes public, it taps on a large userbase to raise funds and meet its growth objectives
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Siddharth Khemka, Head–Retail Research, Broking & Distribution, MOFSL, in an interview with Money9, spoke about factors which will play a role in market movements and stocks to look out for
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Invest in good quality companies with a proven track record and do not chase momentum.
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Nifty may touch 16,500 from current levels, while Sensex may scale 56,300 by the end of FY22.
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ICICI Securities holds a positive view on the pharmaceutical sector, citing the high possibility of growth revival in Indian formulations on a low base of FY21.
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The rise in share price indicates that an investment of Rs 10,000 in this company on March 31 last year would have now become over Rs 1.70 lakh.
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Initial public offering by Barbeque Nation subscribed 92% on the first day of the bidding process so far