BSE’s entry into the Nifty 50 is expected to attract significant passive inflows of around $700 million, potentially leading to a substantial influx of funds. The sustainability of the valuation will ultimately depend on BSE’s earnings and business performance.
CMR Green Technologies, a leading player in the domestic aluminium recycling industry, has received a strong response from investors ahead of the close of its ₹630.62 crore IPO. The issue has been subscribed 123.11 times as of 3.39 pm.
Wipro’s share price plummeted nearly 8% as the IT major’s shares turned ex-record date for its Rs 15,000 crore buyback, amidst harassment allegations and workplace discrimination claims.
JM Financial’s Q4 net profit declines 31% to Rs 162 crore, shares plummet 8%. The company’s inability to maintain profit margins and revenue growth raises concerns for investors and market analysts.
