Mon, Dec 23, 2024 10:18 AM
Metal stocks climb on hopes of safeguard duty on steel imports
A Flip by Shubhangi Gupta
India's stock markets will be open for regular trading during the day of the Union Budget in 2025, according to a circular from the National Stock Exchange. The Union Budget, scheduled for February 1, is on a Saturday, which is when markets are usually shut for trading. This time around though, the markets will be open.
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The year 2024 turned out to be a blockbuster for the primary market as equity issuances across various categories soared nearly 2.6 times compared to 2023, brokerage firm Motilal Oswal Financial Services highlighted in its report. This remarkable growth in equity issuances over the year took shape on the back of the evolving dynamics of Indian equities, which added new dimensions to investments.
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Jajoo Rashmi Refractories Limited, a manufacturer and exporter specializing in various grades of ferro alloys critical for steel production, has filed its DRHP with the SEBI on December 21, 2024. The company aims to raise ₹150 crore through an Initial Public Offering (IPO). The IPO consists entirely of a fresh issue of shares with a face value of ₹10, with no offer-for-sale component.
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