Page 6 - Wright Research News Today

IREDA IPO| The offer a fresh comprise a fresh issue of 40.31 crore equity shares worth Rs 1,290.13 crore and an offer-for-sale of 26.87 crore shares worth Rs 860.08 crore by the government

Unlisted shares of IREDA were trading Rs 11 higher in the grey market, which is a 34.38 per cent listing gain from the public issue; IREDA IPO Closes Today: Should You Subscribe? Check GMP Today, Subscription Status

IREDA IPO: Investors can bid for a minimum of 460 equity shares and in multiples of 460 equity shares thereafter; Check Price, GMP, Lot Size

The much-awaited Tata Technologies IPO will open for subscription on November 22, with a price band of Rs 475-500 per share. It is planning to raise Rs 3,042.51 crore via issue of over six crore equity shares at the upper price band.

The FMCG sector in India shows promising signs of a rally in the coming months, potentially starting as early as next month or at the onset of the next calendar year, says Sonam Srivastava of Wright Research.

"Like an all-rounder brings flexibility to a cricket team, equities can offer growth potential. Bonds, like a dependable batsman, can offer stability. Commodities, similar to a bowler, can provide a hedge against inflation. Real estate, analogous to a fielder, can add tangible assets to the mix. To illustrate, consider a team of only Viral Kohlis which would fail in the bowling session, or one of only Mohammad Shamis which might not do all that well in the batting session. "

"Like an all-rounder brings flexibility to a cricket team, equities can offer growth potential. Bonds, like a dependable batsman, can offer stability. Commodities, similar to a bowler, can provide a hedge against inflation. Real estate, analogous to a fielder, can add tangible assets to the mix. To illustrate, consider a team of only Viral Kohlis which would fail in the bowling session, or one of only Mohammad Shamis which might not do all that well in the batting session. "

Kalyan Jewellers India and Thangamayil Jewellery have seen significant increases in their share prices, with Kalyan Jewellers up 230% since last Diwali and Thangamayil Jewellery up 170% over the past year.

"For those with a long-term perspective, this could be a golden chance to bag quality stocks at a markdown. That said, we wont recommend just jumping in and picking stocks wisely. Go for companies boasting robust fundamentals. While recently the market hinted at a comeback, valuations cant be ignored. Given the current landscape, leaning towards large caps might be a prudent move."

Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability in the recent quarters.