HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South