Summary India’s primary market will remain active next week as two new public issues—Kusumgar Ltd and Devson Catalyst Ltd—are set to open for subscription. While Kusumgar brings a large mainboard IPO backed by a well-established technical textiles business, Devson Catalyst enters the SME platform with expansion plans in the industrial catalyst segment. Why This IPO … Read more
Summary Shares of Vedanta Iron and Steel Ltd. (VISL) have delivered a remarkable rally since their stock market debut, climbing nearly 94% from the listing price of ₹20. After the sharp rise, the company clarified that it is not aware of any undisclosed event or corporate development that could explain the recent surge in its … Read more
Summary Shares of RITES Ltd jumped as much as 16% after the government-owned engineering consultancy company secured a ₹175.41 crore Project Management Consultancy (PMC) contract from Babasaheb Bhimrao Ambedkar University (BBAU). The latest order, along with a recently announced logistics partnership with Container Corporation of India (CONCOR), has strengthened investor confidence in the company’s project … Read more
Summary India’s IPO pipeline continues to expand as five companies have submitted their Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), signalling their plans to launch public issues. The latest applicants include Renfra Energy India, GNI Infrastructure, Pragyawan Technologies, Innoterra and TMC Transformers. These companies represent sectors such as … Read more
Summary Shares of Tata Elxsi and Tata Technologies came under selling pressure on July 1, with both stocks declining sharply in early trade after KPIT Technologies issued a weaker-than-expected business update for the first quarter of FY27. Investors appeared to reassess the outlook for automotive engineering and ER&D companies, triggering a broad-based sell-off across the … Read more
Summary Packaging solutions manufacturer Knack Packaging Ltd. has raised ₹131.25 crore from anchor investors ahead of the launch of its initial public offering (IPO). The company allotted shares at the upper end of the price band, reflecting institutional participation before the issue opens for public subscription on July 1. The IPO includes both a fresh … Read more
Summary Electric vehicle stocks witnessed strong buying interest on June 30 after the Delhi government approved a new Electric Vehicle (EV) Policy designed to accelerate clean mobility adoption in the capital. Ola Electric Mobility emerged as one of the biggest gainers, climbing nearly 10% during intraday trading, while Ather Energy and JBM Auto also traded … Read more
Summary Hospitality technology company Prism, the parent company of OYO, has moved a step closer to its public market debut by filing an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company plans to raise ₹6,650 crore through a 100% fresh issue of shares, while existing investors … Read more
Summary Banking stocks are likely to remain in focus on June 30 after several important corporate announcements across the sector. HDFC Bank named former Finance Secretary Rajiv Kumar as its proposed chairman, Axis Bank and Bandhan Bank reported key CFO resignations, four major public sector banks paid nearly ₹9,439 crore in dividends to the government, … Read more
Summary Apollo Micro Systems shares outperformed the broader market on Monday, surging nearly 6% even as benchmark indices traded under pressure. Investor optimism was fueled by reports that Bharat Electronics Ltd (BEL) could soon secure a massive defence contract under the Quick Reaction Surface-to-Air Missile (QRSAM) programme, where Apollo Micro Systems is part of the … Read more