DSIJ Mindshare

The management of debt funds is in many ways different from equity funds and ‘duration’ plays an important role in determining the returns of these funds.

The upcoming IPO of Lemon Tree Hotels consists purely of Offer for Sale (OFS). Through this OFS, the company is offering 18,54,79,400 equity shares with face value of Rs 10 per share. The IPO size is worth Rs 1038.7 crore. The price band is in the range of Rs 54-56 per share. The minimum lot size consists of 265 shares. The issue will remain open for subscription from March 26-28, 2018.

Air-conditioning and commercial refrigeration company Blue Star launched 100 new air conditioners on Tuesday, following which the share price of the company surged by 2.4 per cent on the bourses on Wednesday.

Following stocks are close to their 52-week low as at 12.57 p.m. on March 21.

The markets on March 21 opened up. BSE Sensex is trading at 33,178.50, up by 181.74 points and the Nifty is trading at 10,166.15, up by 41.80 points.