Acme Solar Holdings made its stock market debut today, with shares trading at a discount in the grey market. Despite recent growth and profitability, analysts are cautious due to the company’s high debt levels. The IPO received a decent response from investors, aiming to raise funds for debt repayment and general corporate purposes.
Kwality Walls shares fall 3% as RIL’s foray into ice cream biz raises competition fears
Kwality Walls shares dropped on Wednesday as Reliance Consumer Products entered India’s ice cream market with Bombay Creamery, raising competition concerns. The stock extended its