Belrise Industries plans a ₹2,150 crore IPO to repay debt, reducing promoter stake to 73%. Despite stable revenues, margins have declined and profit dipped due to rising costs. Investors may await improved financial performance post-listing.
Wait for dust to settle before taking fresh bets, says Maulik Patel
Geopolitical tensions and market swings prompt caution for investors. Maulik Patel of Equirus Securities advises patience, suggesting a wait-and-watch approach. He notes current crises differ