Brigade Hotel Ventures launched its IPO today. The IPO aims to raise ₹759.6 crore. The price band is ₹85–90 per share. The IPO will close on July 28. Listing is expected on July 31. The company plans to expand to 14 hotels by FY29. Brokerages have a mixed view on the IPO. High valuations are a concern.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce