The QIP market seems to be showing signs of revival. On Tuesday, Hitachi Energy India’s ₹2,000 crore QIP – the largest such offering so far this year – was subscribed two times. With demand doubling, the company is likely to partially exercise the green shoe option. On Tuesday, another company, Centum Electronics, launched a ₹250 crore QIP.
Reliance Q1 results today: Ambani’s triple-engine turnaround targets best quarter in 18 months
Reliance Industries is poised to announce Q1 earnings, with analysts predicting a substantial 15-16% year-on-year EBITDA surge, driven by strong performances across its retail, telecom,