Investors eyeing quick profits from IPOs might benefit from selling newly-acquired shares soon after listing. Data shows that out of over 100 IPOs in 2023, many stocks failed to maintain their initial gains. Analysts suggest selling on the first day if shares hit the upper circuit for short-term gains.
ETMarkets Smart Talk: Mid & Small Caps plunge 25%: A buying opportunity or more pain ahead?
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of