Indian blue-chip indexes are set to open higher on Thursday, tracking U.S. peers, after fresh economic data added to optimism that the Federal Reserve was done raising interest rates..
At 11.02 IST, the companys shares were trading at Rs 287.45 on the National Stock Exchange (NSE). However, in early trade, the stock cracked and went as low as Rs 256.30 apiece – 15% lower than the previous days close.
In recent times, mutual funds have faced some criticism for investing in IPOs of new-age start-ups despite the lack of track record and poor financials. What are the factors for selecting an IPO and are mutual funds taking extra risk by investing in IPOs? Moneycontrol spoke to Bharat Lahoti, Co-Head-Hybrid and Solutions Funds at Edelweiss Mutual Fund for answers. Listen in
This week the much-awaited initial public offering (IPO) of omnichannel retailer Honasa Consumer Ltd, the parent of beauty and personal care brands such as Mamaearth and The Derma Co, was launched.
Honasa Consumer Private Ltd, the parent firm of brands such as Mamaearth, The Derma Co, and BBlunt, has put its initial public offering (IPO) on hold because of weak market conditions, reported Reuters quoting two people with direct knowledge of the matter said. aaa