The secondary markets have been volatile lately, which is why the demand for IPOs has been slow, he added. “Investors see attractive buying opportunities in select listed stocks, so there have to be compelling reasons to look at a new stock.”
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.