The buoyant market conditions will continue, says Dipan Mehta, Director at Elixir Equities, and predicts a trend of vibrant IPOs, new listings and preferential issues. Mehta considers buybacks a way for managements to boost profits at a time when global macroeconomic trends may impact performance, but warns against investing in Tata Motors, one of the most volatile stocks on the Nifty 50, because of a break-even point for JLR that is too high, cash flow risk and difficulty with risk determination.
IPO Calendar: Primary market momentum picks up slightly with 4 issues scheduled this week
The IPO market gains momentum with four upcoming issues. Aris Infra Solutions’ mainboard IPO opens March 20-25, aiming to raise Rs 600 crore. Three SME