Market veteran Madhu Kela advises investors to focus on bottom-up ideas and segregate research from execution. He is bullish on India’s long-term prospects, citing favorable macro parameters. Kela highlights opportunities in select sectors and stocks, particularly NBFCs, due to improved regulations and liquidity. He suggests that range-bound markets are ideal for stock picking, identifying potential multibagger stocks.
Allied Engineering Works files IPO papers; seeks to raise Rs 400 cr via fresh issue
Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO).