However, 3 SME issues and 4 listings are still going to grab investors’ attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.
Radhika Gupta of Edelweiss MF highlights the re-rating of India’s stock market, particularly noting the potential in consumption stocks despite their higher PE multiples. She
Now, once the dip gets bought into, we feel the turnaround could take us to 24,000, 24,200 over the next 8 to 10 trading sessions
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