PNGS Reva Diamond Jewellery shares began trading on exchanges at a discount. The stock opened lower than its initial public offering price on both NSE and BSE. However, the shares showed resilience. They recovered significantly during the trading session. The stock ultimately closed above its offer price on both exchanges. This marks a positive turn for the jewellery retailer’s debut.
QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact
Rising fuel and LPG prices are impacting India’s consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others