JSW Cement debuted on the bourses at a 4% premium but quickly slid over 5% from its opening price, despite strong IPO demand and higher-than-expected grey market premiums. Analysts cite rich valuations and recent losses as near-term headwinds, though long-term prospects remain supported by capacity expansion and infrastructure growth.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires