'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best-kept secret of Dalal Street that's set to unlock.
Consider this: the last four general election cycles starting in 2004 have not seen a single initial public offering (IPO) launched during the month of May. In general, the April-June period during 2004, 2009, 2014, and 2019 has proved to be moribund for the primary markets owing to election uncertainty. The markets are set to buck the trend this time around, with three mid-sized offerings cumulatively looking to raise in excess of 6,000 crore being launched next week.
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Esta historia es de la edición May 03, 2024 de Business Standard.
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