The brokerage initiated coverage with a 'neutral' rating on Tata Power and Torrent Power while having an 'underweight' stance on JSW Energy
Account for 24% of investors but 33% of AUM
The company aims at double-digit growth, driven by improving growth in core segments, rapid scaling of new-age businesses, and steady gains in international markets
Sebi highlighted multiple lapses, including the firm's failure to conduct an annual audit and its practice of charging clients fees in both fixed and assets-under-advice (AUA) modes
The broader market extended losses for a second day, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.6 per cent and 1.1 per cent, respectively
Industry players said the sharp sell-off in February forced many companies to put off their listing plans