Bharat Coking Coal Ltd’s IPO has garnered strong grey market interest ahead of its Monday listing, indicating a potential 54% listing gain. One of the most oversubscribed PSU offerings in recent years, the company’s strategic position as India’s largest coking coal producer underscores investor confidence despite the brief delay.
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of