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Midwest's Rs 451 crore IPO, which saw a massive subscription of 92.36 times, will finalize its allotment on Monday. Investors can check their status on Kfin Technologies or BSE websites. The company, a leading Black Galaxy Granite producer, is expected to list on October 24 with a potential listing price around Rs 1,160.
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Indian companies are showing robust profit growth, with a double-digit year-on-year increase in net profit for the fourth consecutive quarter. While sectors like oil, gas, and retail are performing well, banking, finance, and IT are lagging. Analysts anticipate a multi-quarter earnings upcycle, boosted by economic stimuli and policy measures.
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Indian stock markets will operate on October 20. A special Muhurat trading session is scheduled for October 21, marking the new Samvat year. The markets will be closed on October 22. Experts anticipate festive optimism and corporate earnings to influence market sentiment. Investors are advised to focus on quality stocks.
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News and Media
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