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WeWork India IPO:Sebi has put WeWork India's IPO in abeyance while returning Star AgriwareHousings offer documents. Indira IVF Hospital withdrew its draft IPO filings made via the confidential route. WeWork India had planned a 3.3 crore share OFS route offering.
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Life insurance stocks gained 7-12% since March 13, driven by market optimism and APE growth. HDFC Life is favored for its diversified portfolio and limited ULIP exposure. The sector faces competition amid 100% FDI plans, potentially impacting margins and premium growth.
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Va Tech Wabag shares, down 23% from their 52-week high, remain a strong long-term bet. Analysts highlight technical support at Rs 1,375 and fundamental triggers like a $100 million municipal partnership. Yes Securities maintains a Buy with a Rs 1,750 target, citing revenue growth, improving margins, and strong order inflows.
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Indian markets ended flat with a positive bias for the seventh straight session. The Sensex closed above 78,000, while Nifty50 edged up 10 points to 23,668. IT stocks gained, while metals, utilities, energy, and realty saw selling pressure.
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News and Media
Mirae Asset Hang Seng TECH ETF and Nippon India ETF Hang Seng BeES have offered returns of 71.15% and 54.38%, respectively, in FY25 so far.
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News and Media
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