LG Electronics may boost its Indian unit's valuation to $15 billion for a Mumbai IPO in 2025. The roadshow will begin within two months. The company initially targeted a $13 billion valuation. LG may raise $1 billion to $1.5 billion. Indian IPOs are booming, with nearly $18 billion raised this year.
A US State Department report acknowledges Pakistan's progress in combating terrorist financing, particularly after its removal from the FATF grey list. However, the report also reveals a concerning 50% surge in terrorist attacks in 2023, primarily in Khyber Pakhtunkhwa and Balochistan.
So, people need to wait either for an overall midcap, smallcap correction when these stocks normally fall more than the market or due to some fall due to bad results, bad news, etc.
Jim O'Neill, creator of the BRICs acronym, believes India's economic potential is vast, suggesting it could surpass Japan threefold and rival half the US economy by 2035. He questions Trump's predictability, highlighting the appointment of experienced Treasury Secretary Janet Yellen and the potential for a global economic deal involving China, Europe, and the US.
Premier Explosive Share Price: Premier Explosives shares rose 10% after signing an MoU with Global Munition for a joint venture to manufacture defense and aerospace products. The company also received a Rs 89.20 crore order from SCCL.
Wockhardt's shares surged 8.6% after its antibiotic Zaynich successfully treated a US cancer patient, enabling a liver transplant and chemotherapy. The drug is nearing Phase III trials for global approval.
RITES' shares surged 4.2% after securing a Rs 297.67 crore contract from the Ministry of External Affairs for an Integrated Check Post (ICP) construction project. The project is slated for completion within 59 months. Despite recent declines, RITES' stock has seen an 18% increase over the past year.
Swiggy share price: Swiggy's shares rose 2% after Axis Capital initiated coverage with a 'buy' rating and Rs 640 target, citing strong growth prospects in food delivery and Q-com, with a 20% upside.
Markets have been witnessing consolidation over the past few weeks, post the sharp recovery from its recent low witnessed on November 21. Overall, lack of clear triggers on the back of FII sell-off which appears to have waned recently, corporate earnings slowdown, inflationary concerns, bullish momentum in US stock markets, are some of the factors playing out in the markets.
