Analysts express caution regarding retail investor interest in Hindustan Copper’s offer for sale. A nearly ten percent discount may not attract investors after recent metal stock rallies. The institutional portion saw strong demand, exceeding shares available on the first day. Current valuations and limited upside potential raise concerns for potential subscribers. Investors are advised to seek better entry points in the secondary market.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.