Wed, Jan 8, 2025 12:11 PM
Rupee to face pressure as upbeat US data reignites dollar uptrend
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Avendus PE Investment Advisors is launching a third private credit fund, as it seeks to tap demand from investors for high-yielding debt in India and satiate a growing need for capital among medium-sized companies. firm aims to raise as much as Rs 4,000 crore ($466 million) through the fund, that will invest in the debt of mid-sized businesses in the country, Anshul Jain, executive director said.
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After an overwhelming response to the IPO, the shares of Parmeshwar Metal will debut on the BSE SME platform on Thursday. The company's GMP was robust at Rs 44 in the grey market ahead of the listing. Considering the upper price band of Rs 61, the stock is expected to see a listing premium of 72% over the issue price. The company's revenue reached Rs 1100 crore in FY24.
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Global broking firm Jefferies raised its target price on low-cost carrier InterGlobe Aviation, noting that the IndiGo parent is a 'unique, strong' franchise, with a dominant market share of over 60 percent in domestic air travel. The brokerage hiked its target price on IndiGo shares to Rs 5,260 per share, up from Rs 5,100 earlier, indicating a 23 percent upside from current levels.
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