Insights

Return to insights

IPOs. Economics first. Narratives later.

20 February 2026

Not every story that captures the market’s attention reflects sound business fundamentals. In this article, Prannoy Bhargava, Head of Research at Multi-Act, flags five structural red signs that can help investors distinguish lasting businesses from temporary hype.

Read the article:

Download Article PDF

Recent Articles

What USD Investors Can Learn from Nifty & the S&P 500

When the S&P 500 has led the Nifty 50 (USD) for years, it can start to look … Continued

Read more

Report Spotlight: B2B SaaS in Fintech

Enterprise SaaS is becoming a strategic necessity for India’s BFSI sector, with mid-sized institutions leading adoption while … Continued

Read more

B2B Saas in Fintech: An Unfolding Growth Story

Technology adoption in India’s BFSI sector is no longer only about digitisation. Enterprise Software as a Service … Continued

Read more