According to Nadia Elbilassy of the Equiti Group, oil prices have been under pressure due to already factored-in production cuts and increased US oil production. Weak manufacturing data from China and a softening US economy have also contributed to the decline. The energy sector, including Indian companies, is expected to continue facing challenges until October.
Astonea Labs IPO allotment: Here’s how to check status, listing details and what GMP signals
Astonea Labs’ IPO allotment is expected to be finalized today, with shares potentially credited to successful bidders by June 2 and listing on June 3.
May 30, 2025