The market capitalisation of all BSE-listed stocks rose by Rs 81.3 lakh crore to Rs 363.67 lakh crore. Having crossed the $4 trillion m-cap milestone, India looks poised to take over Hong Kong and become the fourth-largest equity market in the world.
The much-awaited IPO of Tata Technologies undoubtedly earns the award of best debutant of 2023. The stock not only doubled on listing day itself but is still trading around 148% higher from the issue price. The Rs 3,034-crore IPO also managed to break LIC s record by garnering a record number of 73.58 lakh applications.
“Sai Silk is self-funded. They do not need to raise any great capital. They do not need much capital. On any store level or even at the company level, they can easily do 20% plus ROE and the growth potential is quite well laid down. They had opened around 19 stores last year which are likely to contribute in the current year and they will be opening a similar number of stores in the current year also.”
Vishnu Prakash R Punglia Ltd sees a double digit listing, shares end at Rs 146 - up 47% equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Vishnu Prakash R Punglia Sees A Double Digit Listing, Shares End 47% Highest At ₹146 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.