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.
Pharma, chemicals offer contrarian bets in stock-specific market: Hiren Ved
Hiren Ved suggests that geopolitical tensions are hindering market breakouts despite strong monetary stimulus from the RBI. The Nifty’s range-bound movement reflects these opposing forces,