The coming week witnesses one of the most important follow-on public offers. Raising capital from the public is never easy for an existing company. Raising very large sums is certainly a huge risk. The Adani group is seeking to raise large sums through a follow-on public offer. This issue is…
Early trends in the result season indicate an interesting phenomenon. Companies will broadly live up to their guidance and investor expectations, but valuations seem to be running ahead of what companies can deliver. Given the gradual tightening of valuations, the problem for the markets is not going to arise from…
When opportunity knocks, what do investors do? Most begin to think that the opportunity will get even better. The result: they wait endlessly. A small section believes in not waiting because it does not know when to end the wait. So, accepting ignorance leads this small section to make small…