Sagar Defence, Encube Ethicals among 4 firms to secure Sebi's nod for IPOs
SEBI is in focus in a defence development.
· Business Standard Mkts
Sagar Defence Engineering, Encube Ethicals, Arjun Jewellers and IFL Finance have received Sebi's approval to launch IPOs, with proposed issues including fresh shares and offers for sale.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sectors in the story: Defence & Aerospace.
Defence & Aerospace
1M -6.0% · 3M -5.5%
Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
BT BIG STORY: From ideas to industry leaders, how women are powering India’s new-age businesses
Great Diwali stock hunt: HAL, Eternal, 5 other stocks with upside of up to 75%
Hunting for next defence stock winners? Raymond, PTC, Axiscades, Rossell - Experts decode opportunity, share targets
Religare's Ajit Mishra says 24,700 in sight for Nifty; bets on GAIL, HAL
Beyond HAL, BEL: Apollo Micro Systems, MTAR, Data Patterns, Zen Tech, among 5 defence stocks on experts' radar | List