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Understanding the equity market's structural weaknesses

While the benchmark indices have fallen by around 15 percent, there is carnage in the rest of the market 

May 13, 2022 / 10:50 IST
Understanding the equity market's structural weaknesses

Rainbow Children's Medicare | CMP: Rs 450 | The stock tumbled over 16 percent on May 10, the first day of listing. The leading multi-specialty paediatric and gynaecology hospital chain operator shares listed at Rs 506, a 6.6% discount over the issue price but extended its loses. The muted listing was on expected lines given its IPO had a tepid response from non-institutional buyers and retail investors, though qualified institutional buyers support was quite strong. The public issue was subscribed 12.43 times during April 27-29.

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