Stocks in news: The domestic markets closed flat on Wednesday. Hindustan Zinc set a floor price of Rs 486 for its offer for sale. SpiceJet’s net profit fell by 20%. Ola Electric posted a wider net loss. Karnataka suspended dealings with SBI and PNB. Glenmark Pharma reported a Q1 net profit of Rs 340 crore.
Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’
Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks