Sacheerome’s SME IPO is set for listing on June 16. The IPO saw massive oversubscription across all investor categories. The price was fixed at Rs 102 per share. The company plans to use the funds for a new manufacturing unit. Sacheerome specializes in fragrances and flavors for the FMCG sector. The company reported strong revenue and profit growth for FY25.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped