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Advance Technoforge shares are set to debut on the BSE SME platform on August 3, with a 4% grey market premium indicating a potential listing price of around Rs 99 against the issue price of Rs 95. The IPO was subscribed 1.55 times overall.
Bajaj Finserv shares climbed after reporting a 12% net profit increase for Q1 FY27. Revenue from operations grew nineteen percent year-on-year, and interest income also saw gains. Bajaj Finance’s customer base expanded significantly, and new loans booked showed substantial growth. Insurance businesses reported premium increases and strong new business value growth. Brokerages upgraded their ratings…
ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation, a weak monsoon, lower kharif sowing and West…
Urban Company reported a Rs 92 crore net loss in Q1 FY27 despite a 44% YoY rise in revenue to Rs 528 crore, mainly due to losses from its InstaHelp business. Motilal Oswal retained its ‘Neutral’ rating but raised the target price to Rs 140, implying over 8% upside.
Indian stock markets saw significant gains on Monday, with the Sensex and Nifty rising approximately one percent. This surge followed US President Donald Trump’s announcement of upcoming talks with Iran, which lowered oil prices. Major companies like IndiGo and ITC experienced substantial increases, contributing to the market’s upward movement. Sectors such as FMCG and Metal…
Maruti Suzuki shares fell over 2% after the automaker reported an 11% YoY decline in June-quarter standalone net profit, even as revenue rose 36% and sales volumes hit a record high. While Nomura retained a Neutral rating citing margin risks, Motilal Oswal reiterated its Buy call, expecting market share gains, easing input costs and strong…
The Rs 1,800-crore Juniper Green Energy IPO closes for subscription today with a subdued grey market premium of 1%. While institutional demand remains strong, high valuation concerns linger. Proceeds will primarily fund debt reduction, offering a long-term play on India’s expanding renewable energy sector despite limited short-term listing gain prospects.
Domestic markets extended their winning streak for a third consecutive session. Nifty advanced nearly two percent last week, driven by strong quarterly earnings. Analysts expect Indian equities to trade with a positive bias this week. Investors will monitor the RBI’s monetary policy decision and PMI data. Crude oil prices and geopolitical tensions in West Asia…
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India’s stock market introduces new closing times and auction sessions starting today. Continuous trading for F&O stocks ends at 3:15 p.m. for a new auction process. Other stocks will continue trading until 3:30 p.m. while derivatives trade until 3:40 p.m. This new system aims to improve price discovery and reduce market impact. The closing price…