With markets under pressure in December, experts say it is a stock-picker’s phase. ETMarkets highlights five brokerage-recommended stocks offering potential upside of up to 22%.Read More
India’s Insurance Act Amendment Bill, ‘Sabka Bima Sabki Raksha,’ aims for a structural overhaul of the insurance sector, including amendments to the LIC Act. The bill’s omission of open architecture for individual agents is seen as a relief for LIC, which relies heavily on its agent network.Read More
The Indian rupee experienced a significant rebound on Wednesday, climbing 0.7% after hitting record lows for four straight days. This surge followed aggressive intervention by the Reserve Bank of India, with state-run banks reportedly selling dollars. The currency’s earlier decline was attributed to portfolio outflows and ongoing trade tensions with the United States.Read More
Nephrocare Health Services debuted on stock exchanges with a 7% premium, opening at Rs 491.70 on BSE and Rs 490 on NSE. The company’s Rs 871.39 crore IPO saw robust demand, with QIBs and NIIs leading subscriptions. Nephrocare, India’s largest dialysis provider, aims to use IPO proceeds for debt reduction and expansion.Read More
Park Medi World debuted on the stock market, listing at a discount of up to 4% despite strong IPO demand. The IPO saw an overall subscription of 8.52 times, with non-institutional investors leading the charge. The NII portion was subscribed nearly 16 times. The hospital chain’s shares opened below grey market expectations, reflecting cautious investor sentiment amid premium valuations, leverage concerns, and broader market conditions...Read More
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