MobiKwik’s IPO saw strong investor interest, with 7x subscription on the first day. Priced at Rs 265-279 per share, the Rs 572 crore offering aims to fuel growth in financial services and AI. Analysts recommend it for high-risk investors, citing high valuation despite the company’s recent profitability.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also