Mon, Feb 5, 2024 4:17 PM
This brokerage believes multibagger RITES will correct by more than 30%
A Flip by Shubhangi Gupta
The Adani Group's market capitalization has fallen by over Rs 2.44 lakh crore to Rs 11.85 lakh crore due to a US court's indictment of Chairman Gautam Adani, with 5 of its 11 stocks declining, including Adani Green Energy, which fell 9.2% after TotalEnergies SE announced it would not make new financial contributions to the group.
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The White House reports that companies have pledged over $1 trillion in US investments, mainly in semiconductors and clean energy, thanks to three key laws passed during the Biden administration. The laws have lured companies to create or expand US production facilities, aligning with Biden's infrastructure agenda and job creation goals.
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OrbiMed-backed diagnostic services provider Suraksha Diagnostic has filed red herring prospectus on November 25, opening its maiden public issue for subscription on November 29. The price band details will be disclosed on November 26.The IPO consists of entirely an offer-for-sale of 1.91 crore equity shares by the existing shareholders, with no fresh issue component.
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