- Wealth PMS
China takes rates up 25 basis points. Inflation, it seems. Lending rates are now 5.56%.
Coal India’s 15,000 crore IPO is 1.7 times oversubscribed.
For the record: I looked at the IPO document, realized I don’t understand a darn thing about coal, and know just two things:
I’m not subscribing – there are better opportunities out there. (Biocon – yes, even now. Sugar looks like a better cyclical, Auto-ancilliaries, etc. )