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The duality in the behavior of FPIs is explained by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stating that the primary market issues are mostly at fair valuations whereas the benchmark indices are trading at elevated valuations.
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News and Media
Swiggy's anticipated IPO next week has generated significant interest among celebrity investors and institutional firms. With the online food delivery market projected to grow at 20% during CY23-28, Swiggy targets a valuation of $11.3 billion and plans to use the proceeds for investments in technology, cloud infrastructure, and brand marketing.
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News and Media
This week, several companies including Coal India, Hindustan Unilever (HUL), and REC Ltd are scheduled for record dates related to dividends, bonus issues, and stock splits. Shareholders must own stocks before the ex-date to be eligible. Notable dividends include Rs 24 by Colgate-Palmolive, Rs 15.75 by Coal India, and Rs 28 by Ajanta Pharma.
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News and Media
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