Vishal Mega Mart launches its Rs 8,000 crore IPO today, open for bidding until December 13. The offer comprises 102 crore shares, entirely an OFS, benefiting the promoter. Priced at Rs 74-78 per share, the IPO enjoys a GMP of Rs 24-25. Analysts recommend subscribing, citing the company’s loyal customer base and diverse brand portfolio.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of