Suprajit may maintain premium valuation

Suprajit Engineering, a cable maker for automobile companies, may continue to outperform its competitors on the back of improving its global reach and the share of electric vehicles (EVs) in revenue. This could allay investor concerns over the advent of EV motorbikes that could stunt the growth of cable volumes. The stock is up 27% … Read more

Paytm continues to decline, stock drops 13% more

MUMBAI: Shares of parent One97 Communications fell 19% on Monday, down 27% for the first time on Thursday, as retail investors continued to dump the stock while domestic institutional investors stayed off the counter. Analysts said weak listings and continued weak trading on Paytm weighed on sentiment in the domestic market, which was thriving on … Read more

Vijay Shekhar Sharma’s obsession to set a record for Paytm IPO turned the day bad

Vijay Shekhar Sharma wiped tears of joy as he recalled his rise from a “ordinary” to a leader of a digital payments giant, completing India’s largest initial public offering. “The dreams of a young nation are with me,” said the founder and CEO of One97 Communications Ltd. service, before striking the opening gong on the … Read more