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Impavid Bulletin

markets

The stock quoted a 52-week high price of Rs 884.7 and low of Rs 627.8.

The stock quoted a 52-week high price of Rs 2784.95 and low of Rs 1659.25.

A total of 446,033 shares changed hands on the counter till 02:14PM (IST).

The watchdog suggested that the sponsors of REITs/InvITs should hold 15 per cent of the capital for a period of three years from the date of listing as there is no mandatory unit holding requirement after three years.

The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo

India is one of the shining stars globally, with huge demographic dividend and upside potential from growth perspective over a decade. Near term, Krishna Kumar recommends waiting for better valuations before investing. However, over the next six months, he expects the markets to be more range-bound with a downward bias.

This declining trend in liquidity and inversion of the yield curve is likely to continue for some more time, according to Vijayakumar, but he does not expect it to impact India’s GDP growth in the next fiscal year. On the global front, the US Federal Reserve head Jerome Powell’s hawkish remarks on interest rate hikes have dampened sentiment.

For existing investors who have already provided the nomination details prior to the circular issued in July 2021, re-submission of nomination details is optional

The oil and natural gas giant has paid an equity dividend of Rs 14 per share in the last 12 months amounting to a dividend yield of 8.92% if we consider the current share price levels.