jm financial

Lumino Industries files draft papers with Sebi to raise Rs 1,000-cr via IPO

David Bale2 weeks ago03 mins

Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO). The Kolkata-based company’s IPO is a combination of a fresh issue of shares worth Rs 600 crore and an offer-for-sale component of up to Rs 400 crore by promoters….

JM Financial bets on UltraTech, Ambuja & JK Cement amid cement sector revival

David Bale3 weeks ago05 mins

Amid a sector-wide revival for cement stocks driven by infrastructure growth and government housing initiatives, UltraTech Cement, Ambuja Cements and JK Cement have emerged as top picks for brokerage firm JM Financial as it initiated coverage on five major cement stocks with ‘buy’ ratings, with a focus on their strong growth prospects, cost optimization strategies,…

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Larry Pali

Lumino Industries files draft papers with Sebi to raise Rs 1,000-cr via IPO

JM Financial bets on UltraTech, Ambuja & JK Cement amid cement sector revival