An ETIG analysis of 101 mainboard companies that raised money through initial public offers (IPOs) since January 2024 shows that majority of the sample companies have not been able to improve upon their listing gains. In the sample, two out of every three companies currently trade below their listing prices.
MGL rides PNG adoption wave, analysts see further upside
Mahanagar Gas shares have surged on government’s push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to