Tenneco Clean Air India made a strong market debut with a 27% listing premium before slipping nearly 5% as early profit-taking set in. Analysts cite strong parentage, technological capability, and margin strength, but advise caution given sector cyclicality. Experts suggest partial profit-booking while holding the remainder with a stop-loss near Rs 480.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000