Market News

Horizon Reclaim (India) IPO GMP at 48% on Day 1 of the offer: Check subscription, price band and other details

Horizon Reclaim (India) IPO GMP today is ₹50. This means shares of the company are available at ₹153 in the grey market. At the current GMP, Horizon Reclaim (India) shares could list at a 48.5% premium over the offer price.

Wipro's Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here's how

Wipro's significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their accounts are active for smooth transactions.

The AI play no one is talking about: Why BofA is snapping up power & metals instead of IT

BofA Securities India's Amish Shah advises shifting from IT to infrastructure, citing a 'dangerous gap' in consensus earnings forecasts. He highlights that commodity-driven earnings won't command premium valuations, and warns of potential downside from current market levels. Shah's strategy favors value in financials, growth in data center-linked infrastructure and metals, and policy plays in energy security and shipbuilding.

Premiumisation, digital push, and India’s consumption story: Inside HUL’s growth blueprint

Hindustan Unilever Ltd remains optimistic about India's future growth. The company is focusing on increasing consumption, premium products, and digital advancements. Despite current economic hurdles, HUL is investing in its business to serve consumers better. India's young population, growing per capita consumption, and digital transformation are key drivers for this positive outlook.

SMR Jewels IPO Day 4: Issue remains undersubscribed so far. Here's GMP, and other details

According to platforms tracking the unofficial market, the grey market premium (GMP) for the SMR Jewels IPO is currently nil. Based on the current GMP, the stock is expected to list at same as the issue price.

Tech Mahindra Share Price Live Updates: Tech Mahindra's Current Trading Price

Tata Motors PV Share Price Live Updates: Tata Motors PV's Current Price Analysis

Ashok Leyland bags order for 715 vehicles from VRL Logistics

Ashok Leyland on May 25 announced securing an order for 715 vehicles from VRL Logistics, strengthening their long-standing partnership. The order includes AVTR 3120 haulage trucks, BOSS 1615 trucks, and Oyster staff buses. Deliveries have already begun, with 300 vehicles supplied so far, while the remaining 415 units are slated for delivery within the current year, highlighting continued demand for Ashok Leyland’s commercial vehicle portfolio.

Ola Electric set for sharp Q1 rebound as registrations cross Q4 levels

Ola Electric is witnessing a strong sales recovery, with current-quarter registrations already surpassing the previous quarter's total. The EV maker expects quarterly volumes to nearly double as demand rebounds, supported by a focus on disciplined growth, operational efficiency, and market expansion.

Honda to drive in over 10 new models by 2030

Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.

Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over

Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.

Ola Electric Plans Full Transition To In-House Battery Cells By Sept 2026: Bhavish Aggarwal To Shareholders

Ola Electric said around 15% of current orders are already coming from products powered by its own 4680 Bharat Cells.