Oil prices dipped Tuesday after a significant surge, as the U.S. Navy initiated operations to reopen the Strait of Hormuz. A U.S.-flagged vessel successfully navigated the passage, easing immediate supply concerns. However, tensions remain high with Iran launching attacks in response, impacting commercial shipping and an UAE oil port.Read More
Amba Auto Sales and Services is set for its stock market debut with grey market signals indicating a flat listing. The Rs 65.1 crore IPO, priced at Rs 135, saw mixed subscription, with institutional investors showing more interest than retail. The company, an authorized dealer for Bajaj Auto and LG, plans to use funds for working capital and expansion.Read More
Recode Studios’ IPO opens today, aiming to build an omnichannel cosmetics brand amidst market competition. The Rs 44.6 crore SME issue, priced between Rs 150-158, saw decent grey market sentiment with a 25% premium. The company, founded in 2021, offers over 350 products and plans to use IPO funds for expansion and marketing.Read More
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