According to Prime Database, 25 main-board IPOs came to the market in FY17, collectively raising Rs 28,211 crore with average IPO size being Rs 1,128 crore.
Awasthi, who is based in Mumbai, will be responsible for running Nomura India's franchise spanning fixed income, equities and investment banking, the firm said.
“Income tax officials visited Centrum for a survey on its foreign exchange business, to verify client KYCs which were all handed over to them,“ said a spokesman at Centrum Group.
Ajanta Pharma, Eicher Motors, PI Industries, Cera Sanitaryware and Natco are 5 such stocks which have given returns of 47-67% between FY09 and FY17.
"In the past three-four years, India has had single-digit earnings growth. Even in fiscal 2017, it would be in single digits -not more than 6-7%. "
Analysts said the impact of the order on the stock will be shortlived as it will not affect its business operations.
The global financial markets engaged in a giant portfolio shift out of EM and into the QE (quantitative easing)-sponsored markets over the past five years, said Jan Dehn.
Foreign portfolio investors' combined net investments in March has reached a high of Rs 38,445 crore, the highest-ever in a month.
The brokerage firm said that the Indian food service restaurant provides a multi-year growth opportunity.
Nifty PSU Bank Index rises 3.3 per cent on hopes of an imminent solution to NPA problem following Finance Minister Arun Jaitley’s remark.
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