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Shares of the Ahmedabad-based biopharma company, which listed a few weeks ago at a more than 20% premium, have notched another 9% gain since then. The shares topped ₹1,000 in intraday trade on Friday, before closing nearly 2% higher on the NSE at ₹983.40.

JHESL is a 51:49 venture between US-based Hunting Energy Services and domestic pipes maker Jindal SAW.

Ahead of the IPO, the company raised Rs 1,260 crore through the allotment of shares to anchor investors. The company has allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece

India’s growth continues despite a global economy that is sputtering. Europe, China, Japan, Russia, and North America are each struggling with challenges ranging from slowing growth, aging population, and slowing birth rates to shadow inflation and debt.

India has taken a pause on interest rates and the country has seen significantly higher interest rates in the past, and hence both the Indian govt. and corporations are more resilient to any slowdown due to higher interest rates.

​ "Nifty has now fallen below the critical 21-day Exponential Moving Average (21-EMA). The sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market correction. On the upside, 19,800 is expected to serve as a resistance level," Rupak De, Senior Technical analyst at LKP Securities.

The company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over the years to cater to diverse customer segments across sectors including FMCG, manufacturing and engineering, BFSI, healthcare, IT / IteS, automobiles, logistics and warehousing, airports, ports, infrastructure, and retail, among others.

An important consensus from the New Delhi Declaration adopted by G20 leaders is that a global coordinated approach to crypto-asset regulation is required. A key challenge faced by regulators across jurisdictions when looking to supervise crypto-assets is the blurring of geographical boundaries.

In the past, the government has missed targets set for prior financial years, the most recent being the Rs 1.75 lakh crore target for FY22, which was revised downwards to Rs 78,000 crore in the revised estimates. The actual proceeds for FY22 were at a meagre Rs 14,638 crore, primarily owing to the disruptions caused by the Covid-19 pandemic.

"An arithmetic scale, also known as a linear scale, is the simplest and most intuitive. It represents data in equal intervals, where each unit on the scale has the same numerical value. For instance, a change from 1 to 2 is equivalent to a change from 1000 to 1001. In simple terms, it maintains a consistent spacing between data points."