Summary Parmeshwari Silk Mills has emerged as one of the biggest multibagger micro-cap stocks over the past year, delivering a staggering return of more than 800%. Despite this extraordinary rally, MarketsMOJO has maintained a ‘Hold’ rating on the stock. While the company benefits from attractive valuations and strong price momentum, concerns around debt, earnings quality, … Read more
Summary Suzlon Energy has returned to the spotlight after MarketsMOJO revised its rating on the renewable energy company from Buy to Hold. The revision comes despite continued earnings growth, healthy profitability and strong institutional ownership, indicating that valuation and technical factors have started influencing the stock’s near-term outlook. A strong balance sheet and consistent earnings … Read more
Summary State-owned lender REC Ltd has scheduled a board meeting on June 28, 2026, to consider and approve its proposed merger with Power Finance Corporation (PFC). The development comes after the company received presidential approval earlier this month, bringing the long-awaited consolidation a step closer. Investors are closely tracking the merger as it could create … Read more
Summary Tata Motors Commercial Vehicles (TMCV) shares gained nearly 6% after CEO Girish Wagh expressed confidence in the long-term outlook for India’s commercial vehicle industry. While he acknowledged that rising diesel prices, higher commodity costs and the ongoing West Asia conflict may weigh on demand in the short term, he believes India’s economic growth and … Read more
Summary The ₹585 crore IPO of Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, witnessed healthy retail participation on the final day of bidding. While the retail category was fully subscribed multiple times, institutional demand remained slower during the morning session. Investors are now closely watching the final subscription numbers, allotment date and the … Read more
Summary The National Stock Exchange (NSE) has moved a step closer to its long-awaited public listing by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed IPO will be entirely an Offer for Sale (OFS), with existing shareholders planning to sell nearly 14.89 crore shares, representing … Read more
Summary Olectra Greentech has emerged as one of the key technical stock picks after a fresh breakout on long-term charts, according to Aakash K Hindocha, Vice President – Research at Nuvama Professional Clients Group (Nuvama Wealth Management). The brokerage believes the stock has entered a stronger technical phase following a multi-month breakout, with charts indicating … Read more
Summary The Government of India has launched a 2% Offer for Sale (OFS) in Indian Railway Finance Corporation (IRFC), marking another major disinvestment move in FY27. The stake sale opened for institutional investors on June 24, while retail investors will get an opportunity to participate on June 25. The announcement weighed on investor sentiment, with … Read more
Summary CSM Technologies IPO Gets Off to a Positive Start CSM Technologies IPO attracted steady investor interest on its opening day, crossing the 23% subscription mark during Wednesday’s trading session. The demand was largely driven by retail and non-institutional investors, while institutional participation remained limited in the early hours. Market participants will now watch whether … Read more
Summary Aastha Spintex Brings Manufacturing-Focused IPO to the Primary Market Aastha Spintex is preparing to enter the public markets with its ₹170 crore initial public offering, opening for subscription on June 29. The Gujarat-based textile manufacturer is looking to raise fresh capital to support its next phase of growth, with expansion plans and strategic acquisitions … Read more