Based on Thursday’s closing price of Rs 897 on the BSE, the shareholders have earned a staggering 115% short-term return from their fresh investments through the rights issue. The offer remained open between December 19, 2022, and January 9, 2023.
Market veterans favour value plays over crowded, expensive themes
Market experts project cautious optimism for Indian equities as valuations become less demanding and earnings growth aligns. Large-cap stocks appear more favorable compared to mid-