Investor Appetite Fading For IPOs Of New-age Tech Companies forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
The Finance Ministry monthly economic review says increasing exposure of retail investors to mutual funds and equities has resulted in a wealth effect, supporting consumption
"Amongst the IT pack, Coforge has been the leader in terms of gains, up 10.49% WoW, with other IT stocks gaining around 4%-5% WoW. This clearly reflects the view that investors are getting comfortable with the IT space once again, but here I would like to highlight the fact most of the IT stocks barring Persistent, are trading very close to their crucial resistance zones, so it might be a good idea to book some profits."