Brokerage firms were majorly positive on the issue, suggesting to subscribe to it, considering the business model. However, a few analysts were skeptical over the company’s business due to rising competition and rich valuations.
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an
Nifty ended at 23,140.50 after an eighth consecutive weekly decline, with technical indicators remaining bearish. Analysts identify 23,300 as key resistance and 23,000 as options-based
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