Tue, May 21, 2024 1:08 PM
Awfis Space Solutions IPO to open tomorrow; Things to know beforehand
A Flip by Avya Verma
In Noida and Greater Noida, the real estate market has shifted from affordable to premium properties, with new launches exceeding Rs 1 crore and averaging Rs 1.68 crore. In 2023, 23% of sales were apartments priced above Rs 3.5 crore. Infrastructure development, policy changes, and completion of stalled projects have driven this transformation. Prices have risen significantly.
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Share of Winsol Engineers opened at Rs 450/share, compared to the previous day's closing figure of Rs 432/share on the NSE. Finally, the shares closed the day at Rs 518.40 per share on the NSE. The stock reached the upper circuit price limit of 20%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases.
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Emerging-market local-currency debt returns are trailing dollar-denominated peers, with losses of about 1% this year, as central banks in Latin America and Eastern Europe turn hawkish amidst resurgent inflation. The Fed's higher-for-longer stance is also shrinking the scope for policy easing in emerging markets, making it challenging for investors.
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