FMCG stocks are typically known as defensives and usually attract investors’ attention amid strong demand led by a good monsoon, fall in commodity prices as well as the festive season.
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.
South Korean billionaire Chey Tae-won’s bold acquisition of SK Hynix has paid off significantly. The company is now a leading producer of high-bandwidth memory chips
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