Afcons Infrastructure’s IPO was only 18% subscribed on day two. Analysts recommend long-term investment, citing a strong business model despite challenges like low profit margins and government dependency.
Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’
The proposed merger of Power Finance Corporation and REC will create India’s largest power sector financing institution with a combined loan book exceeding Rs 11
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