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​This stock took a lot of time to consolidate and now the stock is breaking out. So, on medium to long term timeframe, I am bullish on the stock, but on short term there could be some time correction and price correction over here.

Ashish Kacholia-backed Vikran Engineering & Exim has closed its pre-IPO round with over Rs 100 crore in investments from notable figures, including Mukul Agrawal, Negen Undiscovered Value Fund, leading Indian family offices, and HNIs.

The Relative Strength Index of the stock stood at 42.96 on Monday.

Buch emphasized the growing use of AI in capital markets, stating that AI will significantly reduce language barriers. She explained how AI could translate IPO summaries into multiple languages, enabling more people to access crucial investment information and become informed investors.

Shares of Brainbees Solutions, parent company of FirstCry, fell nearly 3% to Rs 624 on the BSE following its June quarter results. The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore in the same period last year. Revenue from operations increased by 17% to Rs 1,652 crore from Rs 1,407 crore YoY.

In recent years, the assets under management (AUM) in this sector have grown at 15-20% annually, with projections indicating a rise to $1.8 trillion within 4-5 years, reflecting a 13-14% CAGR. This growth is driven by a shift in asset allocation, as investors increasingly move from traditional investments like fixed deposits, gold, and real estate to more dynamic options such as AIFs, REITs, INVITs, private equity, and cryptocurrencies.

Promoters held 63.01 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 22.42 per cent and 5.89 per cent, respectively.

The IPO will be conducted through a book-building process, with Socradamus Capital Private Limited serving as the sole book-running lead manager. Bigshare Services Private Limited will act as the registrar to the offer.

A total of 32,140 shares changed hands on the counter till 01:54PM (IST)

Rana Gupta of Manulife Investment Management foresees a gradual economic recovery, with telecom and real estate-linked consumption sectors appearing promising. He emphasizes the influence of domestic flows and delineates investment themes including digitisation, deglobalisation, decarbonisation, demography, and deficit reduction, noting the improved fiscal condition and potential return of FII flows.