Shares of Rainbow Children's Medicare on Tuesday made stock market debut by listing at a discount of nearly 7% against the IPO issue price of Rs542 per share. It has further tanked to Rs462 apiece on the BSE in afternoon deals. “The company’s muted listing can be attributed to volatile and negative market sentiments and a lack of investor interest in hospital businesses. Hospital is a highly ...

Indian equity markets are likely to open lower on Tuesday amid weak global cues. SGX Nifty was in red and Nifty futures were trading 145 points, or 0.89% lower at 16,146.50 on the Singapore Exchange, signaling that Dalal Street was headed for a gap-down start. In the previous session, benchmark indices ended in red with BSE Sensex closing at 54,470.67, down 364.91 points, and NSE Nifty 50 shut...

Rainbow Children’s Medicare shares made a tepid listing on the stock exchanges on Tuesday, amid bearish market momentum. Shares of Rainbow Children’s Medicare began trading at Rs 506 per share, down 6.6 per cent or Rs 36 from the upper end of IPO price band of Rs 542 per share. At the time of listing, the market capitalisation of the company stood at Rs 5,135.99 crore. The overall market senti...

BSE Sensex and Nifty 50 were looking to start trading in a negative zone on Tuesday, as suggested by trends on SGX Nifty in early trade. Nifty futures were trading 145 points or 0.9 per cent down at Singaporean Exchange. In the previous session, S&P BSE Sensex slumped 364.91 points or 0.67% lower at 54,470 while the NSE Nifty 50 fell 109 points or 0.67% to settle at 16,301. Analysts say a coupl...

Rainbow Children's Medicare IPO: Shares of Rainbow Children's Medicare Limited are likely to list on BSE and NSE on 10th May 2022 i.e. tomorrow. The public issue worth Rs1595 crore got subscribed subscribed 12.43 times in 3 days bidding from 27th to 29th April 2022. After receiving decent response from investors, Rainbow Children's share price has been under sell-off heat due to negative secondary...