Profit by knowlytics
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SBI Funds Management expects its Rs 9,813 crore IPO to revive investor confidence and boost India’s primary market. CEO Debasish Mishra said attractive pricing, strong governance and industry growth prospects could encourage fresh investments and pave the way for more quality listings.
Irving Fisher’s timeless observation warns against public speculation in financial markets. Retail investors often treat markets like casinos, driven by emotion and trends. Knowledge and discipline are crucial for successful investing, not quick profits. Easy access to trading platforms democratizes investing but increases speculative risks. Informed decisions consistently reward market participants more than impulsive speculation.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Seven BSE 200 stocks, including Paytm, Nykaa, Oracle Financial Services and JSW Infrastructure, hit fresh 52-week highs despite a subdued market. The milestone reflects strong investor confidence, sustained buying interest and continued upward momentum in these counters.
HCL Technologies Q1 results: IT services company HCL Tech reported a 20% year-on-year (YoY) growth in its consolidated net profit at Rs 4,624 crore in the first quarter of FY27. The same stood at Rs 3,843 crore in the last year quarter.
Sensex and Nifty recovered sharply from nearly 1% intraday losses to close marginally higher, led by IT stocks. Analysts cited strong FII inflows and technical support at 24,000, while warning that rising crude oil prices remain the biggest market risk.
ICICI Prudential AMC Q1 Results: Revenue from operations, meanwhile, increased 18% YoY to Rs 1,564 crore.
SBI Funds Management expects its Rs 9,813 crore IPO to revive investor confidence and boost India’s primary market. CEO Debasish Mishra said attractive pricing, strong governance and industry growth prospects could encourage fresh investments and pave the way for more quality listings.
SBI Funds Management has cut its IPO size to Rs 9,813 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement with 30 anchor investors. The IPO, entirely an offer-for-sale by SBI and Amundi India Holding, will open on July 14. SBI sold 1.42% stake at Rs 574 per share, the…