Digital payments platform MobiKwik’s IPO opens today, closing December 13th. The Rs 572 crore offering aims to fuel growth in financial services, AI, and infrastructure. Priced at Rs 265-279 per share, the IPO shows a promising grey market premium. Analysts recommend it for high-risk investors, citing the company’s recent profitability and growth despite high valuation.
2 top stock recommendations from Vinay Rajani
Indian equity markets are experiencing a cautious phase, consolidating within a defined range as fresh buying momentum remains elusive. Technical analysts suggest the broader trend