Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong. Shah also emphasised the importance of management and governance, saying that people need to begin respecting these elements more in order to limit losses and make money in the stock market. His comments come in response to predictions made by other experts, including Chris Wood, who recently suggested that the Sensex index could hit 100,000 within the next five years.
The IPO is entirely a fresh equity issue of Rs 2,800 crore. This is the first IPO from a JSW Group company in 13 years