PSUs fizzle out over unrealistic valuations, sluggish earnings

Nineteen out of 64 non-banking stocks have plunged between 40% and 55% from their yearly highs, while another 28 have declined by 30% to 40%. Overall, 64 state-owned corporates have lost nearly ₹8 lakh crore in market capitalisation since August 1, the day the BSE PSU index hit an all-time high.

Waaree Energies beats Tatas and Bajaj to set new IPO record with 97.34 lakh applications

Bajaj Housing Finance previously held the record with 90 lakh applications, followed by Tata Technologies with 73 lakh applications. The Rs 4,321 crore IPO received a strong response, attracting bids worth Rs 2.41 lakh crore and achieving an overall subscription of 76 times, including 208 times in the institutional category and 62 times in the […]