The number of stocks on the NSE Nifty 200 index with a consensus ‘buy’ rating totaled 61 as of Tuesday, the lowest in at least a decade, data analyzed by Bloomberg show. LIC Housing Finance Ltd., Sun TV Network Ltd. and Dr. Lal PathLabs Ltd. are among stocks that saw multiple downgrades this quarter, putting their average analyst rating at ‘hold’.
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KRN Heat Exchanger IPO to open for subscription today; GMP at 110%. Should you bid? (25-09-2024)
KRN Heat Exchanger IPO GMP Today: The IPO of KRN Heat Exchanger opened for subscription on Wednesday and will be available until September 27. The company plans to use the proceeds to invest in its subsidiary, KRN HVAC Products, for a new manufacturing facility in Neemrana, Rajasthan, with the remaining funds allocated for general corporate purposes.