“A lot of HNIs and retail investors had subscribed to the FPO with an arbitrage point of view,” said Jimeet Modi, founder, Samco Securities. “They have locked their gains and booked profits and moved on from the company.”
Indian housing sales saw a slight dip in units last year but a significant rise in value. Demand for homes above Rs 1 crore drove
Sebi Chairman Tuhin Kanta Pandey reassured investors that market volatility, fueled by geopolitical tensions like the Iran-Israel/US conflict, is temporary. He emphasized that the true
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