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CXMT Corp shares surged dramatically on their Shanghai trading debut. The memory chipmaker’s stock price increased by as much as 470%. This surge briefly made CXMT China’s most valuable listed company. The blockbuster listing offers investors a test of appetite for the semiconductor sector. CXMT raised over $8 billion through its initial public offering.
Dr Lal Path Labs shares surged after a strong Q1FY27 earnings beat, driven by higher realisations and price hikes. Brokerages including Nomura, Nuvama and JM Financial raised target prices, citing robust growth outlook, network expansion and improving margins, with continued momentum expected from diagnostics demand and strategic investments.
Sterlite Technologies shares surged after CLSA upgraded the stock to ‘Outperform’ and set a target price of Rs 950, implying a potential upside of 68%. The Vedanta-backed company has delivered a stellar run in 2026, with its stock rallying 466% so far this year, making it one of the biggest wealth creators in the market.
Zen Technologies shares fell significantly after reporting lower first-quarter profits and revenue. The company experienced a revenue decline of over 10% year-on-year. Management highlighted a robust order pipeline and improved execution visibility for upcoming quarters. Zen Technologies closed the quarter with a substantial order book of over Rs 1,000 crore. Institutional investor interest in the…
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Xtranet Technologies’ initial public offering concluded its final bidding day with robust investor interest. The grey market premium indicated expectations for a positive stock market debut. The IPO was subscribed 1.96 times, with retail investors showing strong demand. The company aims to raise Rs 166.8 crore through this entirely fresh issue. Proceeds will fund working…
Indo-MIM’s Rs 3,811 crore IPO is in its final bidding day with robust demand. The IPO has been subscribed 3.07 times by the close of day two. Retail investors showed 1.89 times subscription, while NIIs emerged strongest at 8.44 times. The company plans to use Rs 400 crore for debt repayment and general corporate purposes….
Rising oil prices and elevated bond yields, driven by Middle East tensions, are raising concerns over the sustainability of the U.S. stock market rally. While strong earnings and AI-driven spending support equities, persistent inflation risks and tighter monetary expectations could pressure valuations and increase near-term volatility.
U.S. equity funds saw a second week of outflows as caution ahead of big tech earnings and rising oil prices weighed on sentiment. Growth funds led withdrawals, while sectoral funds still drew inflows. Bond and money market funds also recorded outflows, reflecting broader risk aversion among investors.
CXMT Corp shares surged dramatically on their Shanghai trading debut. The memory chipmaker’s stock price increased by as much as 470%. This surge briefly made CXMT China’s most valuable listed company. The blockbuster listing offers investors a test of appetite for the semiconductor sector. CXMT raised over $8 billion through its initial public offering.