Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.
While global capital chased the AI semiconductor booms in Taipei and Seoul, tripling Korean stocks and doubling Taiwanese equities, the benchmark Indian index hasn't gone anywhere in the past 2 years
Several institutional investors acquired NSE shares at fractions of a rupee, positioning them for substantial gains as the exchange prepares for what could be India's largest IPO
NSE's impending IPO is set to unlock value for a broad base of investors, including institutions like LIC, and market gurus such as Radhakishan Damani, Dolly Khanna and Raamdeo Agrawal, among others
In the past two trading days, IFCI's stock price corrected 16% from its 52-week high amid profit booking after the NSE filed the DRHP for its long-awaited IPO.
India's biggest exchange is moving towards a ₹30,000-crore IPO with no fresh issue component; the listing aims to unlock shareholder value and improve liquidity
NSE IPO: New India Assurance will offload up to 10,500,000 equity shares of face value of ₹1 each. The weighted average cost of acquisition of equity shares for the company is ₹0.32.
NSE IPO: Nearly a decade after it first initiated the listing process, India's largest stock exchange has filed its DRHP with the Securities and Exchange Board of India (Sebi)
IFCI has indirect exposure to NSE through its 52.8% stake in Stock Holding Corporation of India Ltd (SHCIL). SHCIL owns a 4.4% stake in the stock exchange, which is preparing to list its shares.
The average trading volumes at the IFCI counter jumped over six-fold, with a combined 319.56 million equity shares changing hands on the NSE and BSE till 03:13 PM on Wednesday.