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Valuations of many notable Indian start-ups, ranging from Byju's to Oyo, among others, have dropped by almost 50 per cent after the funding boom of 2021. with fortunes changing, raising capital is no cakewalk today as the battle now has moved to retaining investor confidence - Issue Date: Aug 06, 2023
Stocks to watch: Shares of firms like PVR Inox, Maruti, ITC, SBI, Power Grid, Lupin, and others will be in focus on Tuesday's trade.
Page Industries, Delta Corp, Hindustan Copper, Astral and Siemens were among 85 stocks to see a long build-up. An increase in open interest and price indicate a build-up of long positions.
PharmEasy has also come under scrutiny for acquiring massive debt. It borrowed $285 million from Goldman Sachs to pay off an earlier debt incurred from Kotak Mahindra Bank to buy Thyrocare
The stake that ICICI Prudential MF picked up in Thyrocare Technologies was sold by Arisaig Asia Consumer Fund on June 20.