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Patel Chem Specialities' 58.8 crore IPO opens on July 25 and closes on July 29. Proceeds will fund a new plant, corporate needs, and expansion. Listing is set for August 1 on BSE SME.
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News and Media
ICICI Prudential AMC's Anand Shah notes muted global ferrous metal profitability due to strong Chinese exports, impacting steel company earnings. He is optimistic about margin recovery in select chemicals and metals, citing attractive valuations. While positive on manufacturing, particularly defense and railways, valuations are becoming less appealing. Cement sector consolidation and potential demand growth offer opportunities.
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News and Media
China has issued its initial rare earth quotas for 2025, but without a public announcement. Sources indicate this move signals tighter control over the sector. These quotas are vital for global rare earth supply, essential for EVs and other technologies. The government has been delaying the announcement. This decision comes amid trade tensions with the US and EU.
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News and Media
FIIs have pulled out over Rs 10,000 crore from Indian equities in five days, reversing their three-month buying streak. DIIs remain net buyers. July shows renewed bearishness, with Citi downgrading India to 'neutral' due to high valuations and weaker earnings forecasts. Global concerns continue to pressure Indian markets.
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News and Media
Ansid Capital's Managing Partner, Anurag Singh, expresses a positive outlook on the US economy, citing tax cuts, deregulation, and potential rate cuts. While acknowledging a possible dollar weakening, he anticipates a rebound. Regarding India, he notes high valuations and domestic inflows preventing corrections, suggesting consolidation.
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News and Media
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