Amkay Products debuts with 90% premium on BSE SME platform. The shares of Amkay Products listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 104.5 as against an issue price of Rs 49.5.Ahead of the listing, the company's shares traded with a premium of Rs 55 in the unlisted market.
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Shares of CreditAccess Grameen jumped back in the green on Wednesday ending its four straight session losing streak. The stock went up over 7% to hit an intraday high of ₹1,523.40. What Happened: The non-banking finance company-microfinance institution (NBFC-MFI) reported a 34% year-on-year increase in net profit for the March quarter, reaching ₹397 crore.
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Multiple factors will drive market volatility in the coming months, but Invesco MF's CIO, who manages nearly $9 billion in funds, says this one factor could cause a deeper correction. The market currently factors in 15% compounded growth in corporate earnings over the next two years--blended average of 11-13% growth for large caps and 16-20% for mid- and smallcaps.
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