Travel Food Services plans to raise ₹2,000 crore through an IPO, reducing promoter stake to 86.2%. The company has shown steady revenue and profit growth, with a strong presence in airport QSR and lounge sectors. However, it faces high revenue concentration from top airports and dependence on passenger traffic, making it suitable for high-risk investors.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The