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​There has also been higher competition from the new-age type of companies which have come into this space which is weighing on the pricing that this industry was enjoying in the previous years, so that is a small segment but that is going through some bit of a challenge.

But currently there is no residential trust in India. Globally if you see REIT is a very-very large asset class and there we see a mix of commercial, mixed use, residential, etc. India is evolving and India has seen rapid development of this asset class and I am very confident and we are very confident that over the next few years this will actually be, we will see more development and growth of this segment so far.

Cell Point India, a multi-brand retail chain selling smartphones, tablets, mobile accessories, and electronics goods, is set to launch its initial public offering on June 15, with up to 50.34 million equity shares. The retail company currently operates 75 stores in Andhra Pradesh and generated a revenue of ₹221 crores ($30 million) for the nine months ending December 2022. The firm plans to use the capital to repay certain borrowings, renovate its existing stores, and expand its retail network. Shares will be listed on the NSE SME platform.

Bank of America Corp.’s latest global survey of fund managers showed that investors are heavily investing in tech stocks amid the buzz around artificial intelligence. The study reported that fund managers remain broadly underweight on stocks as sentiment remains “stubbornly low.' The participants also believe that AI will drive corporate profits higher in the next two years. However, caution prevailed in the survey, which showed that 59% of participants don’t think the Fed is done tightening policy.

Comrade Appliances, engaged in manufacturing air coolers and electric geysers, has been listed on the BSE SME platform at a premium of 61% over its issue price. The company raised Rs 12.30 crore from its IPO, which was subscribed 77 times, led by strong non-institutional and retail interest. The net proceeds will be used for working capital requirements and general corporate purposes. Meanwhile, the IPOs of Spectrum Talent Management, Bizotic Commercial, and Urban Enviro Waste Management are open for subscription.

ETMarkets has identified 7 stocks with RSI values below 30, indicating oversold conditions. These stocks, with a market capitalisation of over Rs 500 crore, present potential investment opportunities for informed investors. Here, we highlight the key details and business profiles of each company.

Gold prices edged up Rs 30 to Rs 60,680 per 10 grams in the national capital on Tuesday amid positive global cues in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,650 per 10 grams.

India VIX was down by 1.16% from 11.24 to 11.11 levels. Volatility cooled off today, which comforted the bulls at higher zones. Options data suggests a broader trading range between 18,500 to 18,900 zones while an immediate trading range between 18,600 to 18,800 zones.

​Check out these top 10 stocks with the potential to soar by at least 30% within the next 12 months

A number of brokerages have slashed target prices for select stocks so far in June