Quadrant Future Tek IPO opens today with a fresh equity issue set to raise Rs 290 crore. The price band is fixed at Rs 275-290 per share. The company’s focus on specialty cables and train control systems positions it well in a growing market, with analysts recommending subscription.
Q3 woes: Cement companies may face earnings downgrades again
Cement producers expect net profit declines in the December quarter, leading to earnings downgrades. Despite a 7-8% increase in sales volumes, revenues will remain flat.