Increased appetite for all things linked to the manufacturing of electric-vehicle batteries and other renewables equipment has been a boon for many markets. But in Asia’s third-largest economy, investors are betting those gains have further room to run thanks to Prime Minister Narendra Modi’s goal to reach net zero emissions by 2070.
Hyundai India’s weak debut one more among mega IPOs
“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee