Stocks in the news: Ami Organics, Infy, Vijaya Diagnostics, Dmart and Redington Ami Organics and Vijaya Diagnostics will make their Dalal Street debut today. Both issues were open for subscription during September 1-3.
Market Movers: Has the DMart gravy turn finally come to a halt? The companys strong earnings performance became an excuse for investors to book profits after a stellar run for the stock since July. The gains in the past two months were built on the hopes of a strong Q2 earnings performance.
Damani's DMart turns 20-bagger. But analysts see up to 54% plunge ahead! Edelweiss has downgraded the stock to 'reduce' rating as it believes its recent runup and a jump in valuations to 92 times FY23 EV/EBitda have happened without any fundamental change in business prospects.