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Digital payments platform MobiKwik's IPO opens today, closing December 13th. The Rs 572 crore offering aims to fuel growth in financial services, AI, and infrastructure. Priced at Rs 265-279 per share, the IPO shows a promising grey market premium. Analysts recommend it for high-risk investors, citing the company's recent profitability and growth despite high valuation.
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Vishal Mega Mart launches its Rs 8,000 crore IPO today, open for bidding until December 13. The offer comprises 102 crore shares, entirely an OFS, benefiting the promoter. Priced at Rs 74-78 per share, the IPO enjoys a GMP of Rs 24-25. Analysts recommend subscribing, citing the company's loyal customer base and diverse brand portfolio.
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Sensex and Nifty closed flat on Tuesday. Greaves Cotton surged 18%, reaching a 52-week high, while Mishtann Foods declined 9%. BEL saw a marginal increase. Analysts suggest buying Greaves Cotton on dips, exiting Mishtann Foods, and considering BEL for long-term gains.
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"It is possible now (after the new governor takes charge) that a bit more flexibility is allowed in currency fluctuations going forward, as compared to the relatively tighter leash seen over the last one year and more," said Sonal Varma, chief economist, India and Asia ex-Japan, Nomura.
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The gross domestic product dropping to 5.4%, inflation moving above 6% in October, the Trump administration's policies and a stronger dollar are the reasons why the brokerage is cautiously optimistic. The firm prefers BFSI, IT, realty, and pharma & healthcare sectors and advised investors to moderate return expectations.
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