The Bombay High Court recently observed that bar under Order 23 Rule 3A of the CPC on a suit against a compromise decree is not attracted when a compromise is merely recorded in the earlier suit but.
Forty-one of these 57 IPOs received a mega response of more than 10 times, with 16 IPOs garnering more than 50 times bids. Four issues even managed to cross over 100-times subscription.
So, it is obvious that there is a lot caution in the air today. There have been a few callouts but I think it is mainly pockets driven rather than across the board as such.
Our belief is that going forward, it will be the finance segment which has been not doing too well of late because the heavyweights are not doing too well. But as I said that, it is mainly because of the liquidity constrain in the market today that they are not able to perform so well. I think RBI also cognizant of the fact that maybe we will see some kind of easing of liquidity in the near future, so that should help the banking sector
Dinshaw Irani says: “Among the commodity players, we do not like the cement space. We think there is enough capacity and beyond, just because of the price discipline that they have, they are managing to go ahead and we have seen that. There have been pullbacks in prices and all that. It is not a comfortable space to be in or the players are fairly stretched on valuations.