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Standard Glass Lining shares will debut on the exchanges with an expected premium. The IPO received strong investor response with overall subscription of 185 times. SGLT is a leading manufacturer for the pharmaceutical and chemical sectors. The company has seen significant revenue growth over the past three years and has a diversified customer base.
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News and Media
Equity indices faced losses for the third consecutive session due to economic growth concerns. Notable stock movements included KPIT Tech falling 4.8%, IndusInd Bank 4.2%, and Just Dial 3.8%. Analysts suggest monitoring support and resistance levels for potential reversals or further declines.
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News and Media
The impact of the jobs report on U.S. rate cut prospects also raised the stakes for consumer price figures on Wednesday where any rise in the core greater than the forecast 0.2% would threaten to close the door on easing altogether.
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News and Media
Firefighters continue to battle wildfires around Los Angeles that have destroyed thousands of homes, killed 16 people, and left 16 missing. With strong winds and severe fire conditions expected this week, evacuation orders remain for 1,50,000 people. The fires have caused estimated damages of up to USD 150 billion.
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News and Media
Ather IPO: The EV maker expects a spurt of 80% in value from previous funding. Zerodha cofounder Nikhil Kamath, an investor in the company, is set for 150% gains on his stake. Ather is expected to file its updated draft red herring prospectus (DRHP) later this month or the first week of February.
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News and Media
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