Speciality Restaurants, a fine dining operator in India, has fixed the issue price at Rs 150 per equity share for an initial public offering of 11,739,415 equity shares of face value of Rs 10 each for cash at a premium.
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Investing in Indian market has been a nightmare as stocks are on a downtrend. Major foreign institutional investors (FIIs) are seen fleeing the domestic on macro woes, while most experts are negative on India.
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Two midcap gems that investment advisor Mudar Patherya bets on are Granules India and Infinte Computer Solutions.
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Amid eurozone woes and a depreciating rupee, the market has sustained gains since Friday. On Monday too the BSE Sensex and NSE Nifty continued to gain 0.5% each amid choppy trade. However, the rupee continued its slide and was moving towards a record low of 54.89 a dollar. The Indian currency dec
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In our previous articles we went through the market share of Bharti and Idea and realized that Bharti is the undisputed market leader in the Indian mobile markets. In the next article we compared the operational numbers for both the companies.
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Can Speciality Restaurants' IPO be considered a success even if the retail book was undersubscribed?
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Weekly resistance will be at 16425 and 17006 for the BSE Sensex. Weekly Support will be at 16117, 15844, 15800 and 15262, says Hitendra Vasudeo, Technical Analyst.
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Sudarshan Sukhani of s2analytics.com expects Nifty to bottom out and if it does, one can make money on the long side.
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Geoffrey Dennis of Citigroup said they were overweight Asia, but India was the biggest Underweight by more than 600 bps.
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Even after the recent dramatic fall in equity markets, Tirthankar Patnaik, EVP - Institutional Sales, Religare Capital Markets believes India is still not cheap as compared to its other Asian peers. He says the equity market performance is currently linked to rupee movement.
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The Indian market is weighed down by global and domestic uncertainties. The market is forming a temporary range, says Hemant Thukral, national head-derivative desk of Aditya Birla Money. âThe range would be between 4,770-4,750 on the downside. Upside seems to be capped at 5,035,â he asserts.
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Rupee hit an all-time intra-day low of 54.91 but managed to close sharply lower at 54.43: By Moses Harding, Head - ALCO and Economic Market Research, IndusInd Bank.
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KRChoksey has come out with its report on Speciality Restaurants' IPO issue. The research firm recommends to avoid the issue.
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In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared readings on stocks across various sectors like Future Capital, Tata Steel, Manappuram Finance.
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The volatility in the Indian market has hounded the investors to a large extent over the past few days. A falling rupee, coupled with a bearish market has forced investors to change trading strategies.
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