Market veteran Madhu Kela advises investors to focus on bottom-up ideas and segregate research from execution. He is bullish on India’s long-term prospects, citing favorable macro parameters. Kela highlights opportunities in select sectors and stocks, particularly NBFCs, due to improved regulations and liquidity. He suggests that range-bound markets are ideal for stock picking, identifying potential multibagger stocks.
Knack Packaging IPO Day 3: Issue subscribed 83x at close; GMP signals 17% listing gain
Knack Packaging’s Rs 439.5-crore IPO was subscribed 73 times on the final day of bidding, led by strong demand from QIBs. The grey market premium