Vishal Mega Mart’s ₹8,000 crore IPO, entirely an OFS, saw strong interest from non-institutional investors, reaching 1.53 times subscription. Priced at ₹74-78 per share, the IPO received a ‘subscribe’ rating from analysts, citing the company’s loyal customer base and diverse brand portfolio. The IPO closes today, with allotment expected on December 16.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created