Mon Oct 28 08:47:09 UTC 2024: ## Afcons Infrastructure IPO Sees Lukewarm Response, Waaree Energies Makes Strong Debut

**Mumbai, October 28, 2024:** The Indian stock market saw mixed performance today, with Afcons Infrastructure’s IPO receiving a lukewarm response while Waaree Energies made a strong debut.

**Afcons Infrastructure IPO Subscribed Only 18% on Day 2**

Despite a “subscribe” rating from major brokerages, Afcons Infrastructure’s IPO has been met with tepid investor interest, reaching only 18% subscription by the second day. Despite the low initial response, analysts are recommending a long-term investment, citing the company’s robust business model and strong presence in the infrastructure sector.

**Waaree Energies Makes Strong Debut, But Loses Ground**

Waaree Energies shares had a strong debut on stock exchanges, listing at a significant premium to the issue price. However, investors took profits, causing the stock to decline nearly 8% on the NSE and 10% on the BSE. Despite the dip, the company remains optimistic about its future, citing strong demand in both India and the US.

**Other Market News:**

* **Google Loses 15-Year Legal Battle:** The tech giant was ordered to pay £2.4 billion in fines for abusing its market dominance in the UK.
* **IDFC First Bank Reports Lower Q2 Profits:** The bank attributes the decline to loan provisions for microfinance institutions, but expects a rebound in the third quarter.
* **Traders Gurukul Hosts Regional Retail Option Traders Summit:** The event, held on the 2nd or 3rd Sunday of every month across major Indian cities, aims to provide a platform for options trading knowledge and networking.

**Analyst Recommendations:**

Both Mehta Equities and KR Choksey Securities recommend subscribing to the Afcons Infrastructure IPO, citing the company’s strong financial performance and growth prospects.

**Investors are encouraged to carefully consider their investment decisions based on individual risk tolerance and long-term goals.**

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