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Shri Ahimsa Naturals IPO: Shri Ahimsa Naturals' SME IPO opened with an 87% subscription on the first day, aiming to raise Rs 73.81 crore. The retail portion was subscribed 90%, and non-institutional investors subscribed 1.94 times. The IPO price band is set between Rs 113-119 per share. Proceeds will fund a new manufacturing unit in Jaipur and other corporate purposes.
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Nimesh Chandan, CIO at Bajaj Finserv AMC, advises long-term investors to see market volatility as an opportunity. He highlights the potential in large-cap stocks, the positive outlook for consumption, selective banking investments, and the promising future of healthcare. He stresses the importance of continuing SIPs to achieve financial goals despite market fluctuations.
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Motilal Oswal noted that the consumption sectors underperformancenearly 900-600 basis points below the Nifty100presents attractive entry opportunities in certain stocks. The firm highlighted Page Industries, Devyani International, Metro Brands, V-Mart, Lemon Tree Hotels, LT Foods, and Cello World as top picks with solid fundamentals and growth prospects.
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