Sambhv Steel Tubes is launching an IPO to raise ₹400 crore for debt repayment and ₹100 crore through an OFS, diluting promoter stake to 56%. With expanding capacity and strong industry growth projections, the company aims to capitalize on rising steel pipe demand.
Nifty can cross 32K in 2026 bull case scenario: Kotak Securities
In a recent note, domestic brokerage firm Kotak Securities has projected a bull case target of 32,032 for the Nifty 50 index by December 2026,