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Around 52 smallcap stocks delivered double-digit returns and Manoj Vaibhav Gems was the top gainer at 43%. It is followed by eMudhra and Vadilal Industries, whose shares jumped 40% and 25%, respectively.
In the past year, Macrotech Developers stock has surged 152 percent, outperforming the benchmark Nifty which has gained 30 percent during the period
Are you thinking of investing in the biggest IPOs of 2022? Read this first...
Automotive Supplier Sona Comstar will launch its Rs 5,550-crore initial public offer (IPO) next week. The company has priced the offer at Rs 285–291 per share. The IPO will remain open between June 14 to June 16, and anchor investors will be allotted shares on Friday. The issue consists of a fresh sale of Rs 300 crore and an offer for sale (OFS) worth Rs 5,250 crore, of shares held by Singapore Topco, an affiliate of the Blackstone group. Singapore Topco's current holding stands at 66.2 per cent of the pre-offer paid-up equity capital of the company. Sona Comstar was planning to raise Rs...
1.36 times According to analysts, the company is a good bet if you were willing to hold on to the stock for the long run — not for its listing premium. So, if you have the shares and are concerned that there’s been a loss on premium, keep the stock if you have the patient. Why are investors wary of Macrotech Developers? One of the reasons for investors to be wary was the company’s high level of debt. Around ₹1,500 crore of funds from the IPO will go towards repaying lenders to ease its balance sheets. But that doesn’t mean that it won’t need more money, which brings us two the...