I would think that the downsides could be limited for many of these companies given the fact that they are zero debt, most of them, and cash flow generating companies with a decent dividend yield, but the upside also is limited given the lack of visibility.
Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing price of Rs 866
Despite improved liquidity and policy rate cuts by the central bank, banks have been slow to reduce lending rates for existing borrowers. MCLR-linked loan rates
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