RANBAXY, CIPLA, GLENMARK FOR TRADING

Pharma stocks have become a darling of traders in recent times including the IT stocks. In many ways the way picture is being painted is that one of a competition between the two economy sectors to outperform each other. However, the rise in pharma stocks has been mainly sporadic across largecap, midcap and smallcap while that of IT stocks is secular in trend but not across market cap classifications. The trend among the IT has remained with the...

ANOTHER COSMETIC STEP: SEBI ALLOWS ‘CREATIVITY AND INNOVATION’ IN IPO ADVERTISEMENTS

SEBI ALLOWS ‘CREATIVITY AND INNOVATION’ IN IPO ADVERTISEMENTS In an attempt to liven up the primary stock market, the market regulator SEBI has decided to allow companies to use creativity and innovative advertisements, of course with the necessary disclosures and information as mandated. Since, the 2010 Coal India IPO, there has been not meaningful IPO in Indian markets. The primary market has been languishing; no wonder why it is so; as...