Global markets face inflation and uncertainty. Veteran investor Thomas Russo suggests true company survivors possess a ‘capacity to suffer’. These businesses reinvest for future growth, even if it means sacrificing immediate profits. Investors must also develop this resilience, holding quality companies through market volatility. Identifying such resilient businesses is key for long-term wealth creation.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.