India s MSCI Emerging Markets index surged from 8% in June 2020 to 17.9% currently. With ongoing domestic institutional flows and steady FII participation, India may exceed 20% in the MSCI EM Index by 2024.
IREDA and Motisons Jewellers are among the top performers in recent listings, with their stocks trading 490% and 240% higher than their respective IPO prices. Signature Global, Cyient DLM, Netweb Technologies, EMS, and Utkarsh Small Finance Bank are also standout performers.
The company added that it recently bagged an order from VSSC (ISRO) for their upcoming supercomputer, envisaged to be the largest for the Department of Space, valued at Rs 147.7 crore.
Netweb Technologies, a leading high-end computing solutions (HCS) provider in the country, on Wednesday said it registered 20 per cent growth in profit after tax (PAT) for the Q3 FY24 to Rs 26 crore from Rs 21.68 crore in the same quarter last .
The average listing gain for all the 59 IPOs is 26.3 per cent and their average gain as of December 29 is 45 per cent and only four of the 59 main-board IPOs are traded below the issue price on December 29