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Ather Energys much-awaited IPO is set to open for subscription on April 28 and close on April 30. The Hero MotoCorp-backed EV maker aims to raise around Rs 2,980 crore through a combination of fresh issue and offer for sale. However, brokerages have varied views on the public offer. Here are their views.
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Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts.
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The smallcap rally cooled sharply last week, with only 38 stocks delivering double-digit gains, down from over 100 earlier. Profit booking and cautious sentiment dominated. Analysts expect stock-specific action ahead amid earnings season. Technical indicators suggest caution, while long-term investors are advised to accumulate on dips.
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