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Six IPOs have turned multibaggers in Samvat 2079 with the highest return of over 300% by Kaynes Technology. The other offers which have delivered over 100% returns till date include Plaza Wires, Cyient DL, Global Health, Senco Gold and Utkarsh Small Finance Bank.
Out of the 56 companies that went listed since Diwali 2022 after collectively raising Rs 47,890 crore from the primary market, the shares of 48 firms are trading above their issue price
The week ahead will be important for the markets as the Reserve Bank of India (RBI) will announce its monetary policy decisions, and investors will closely monitor global events such as the US manufacturing PMI data, UK manufacturing data, and China's manufacturing PMI data. The movement of the Indian rupee against the US dollar and crude oil prices will also impact market performance.
There were 10 stocks that saw the highest selling by mutual funds in value terms to the tune of nearly Rs 32,500 crore in the June quarter, Prime Database data showed.
These stocks have declined between 15 per cent and 68 per cent over their respective issue price