Mon, May 6, 2024 2:13 PM
Dr Reddy's Q4 preview: US sales, Revlimid contribution to deliver another
A Flip by Riya Sharma
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs. Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In the US, the S&P 500 and Nasdaq 100 indexes hit record high.
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After a busy last week, the primary market is all set for a breather. Only two new initial public offerings (IPO) will open for subscription in the upcoming week amid ongoing general elections.In addition to the new issues, D-Street will witness up to eight listings, including Go Digit General Insurance, which recently opened for subscription and garnered substantial investor enthusiasm.
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The National Company Law Tribunal (NCLT) has allowed IL&FS arm IL&FS Transportation Networks to offload its shares in Moradabad Bareilly Expressway to the Roadstar Infra Investment Trust (InvIT). The two-member bench, comprising Justice Prabhat Kumar and Justice V G Bisht, in an order approved the transfer of 3,21,40,691 equity shares, which represents the balance shareholding of 14.5%.
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