Sunil Mittal’s Uganda IPO flops as investors prefer bonds: Report

IANS | November 7, 2023 9:30 PM

Kampala (Uganda), Nov 7 (IANS) Indian billionaire Sunil Mittal’s Airtel Uganda Ltd. failed to sell about half of the shares on offer in its initial public offering (IPO), as investors stayed away, preferring high-yield government bonds, a media report said.

Buy on dips strategy has worked well for investors

IANS | November 6, 2023 11:21 AM

New Delhi, Nov 6 (IANS) The ability of stock markets to climb walls of worries is manifesting clearly in these troubled times, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.