There need to be more disclosures on how valuations have changed between a pre-IPO placement and the issue price, she said. For example, a company sells shares to investors at ₹100 and then asks for ₹450 in an IPO within a few months. A company is free to ask for a higher price, but it needs to disclose what happened in the intervening period which justifies the change in valuation, Buch said.
Tech View: Nifty form high wave type candle pattern. What traders should do on Thursday
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of