Market News
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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Knack Packaging shares list at 10% premium, beat IPO GMP estimates
Knack Packaging shares listed at ₹188 apiece on the NSE and ₹186 on the BSE, against the IPO issue price of ₹170 per share
Knack Packaging IPO listing in focus. Here's what GMP signals ahead of debut
Knack Packaging share price will be listed on Wednesday, 8 July, on both exchanges - BSE and NSE. The shares are commanding a strong premium in the grey market.
Adon Agro Commodities shares list at 12% premium over IPO price on BSE SME platform
Adon Agro Commodities experienced a robust stock market debut, listing at a nearly 12% premium on the BSE SME platform, surpassing grey market expectations. The company, which deals in dry fruits, nuts, seeds, and berries, raised Rs 44.03 crore through its IPO. Adon Agro boasts a diversified revenue model and has seen significant customer base expansion, highlighting its growing operational scale.
Aastha Spintex IPO off to a steady start; issue subscribed 52% on Day 1. Check GMP & key details
Aastha Spintex IPO saw a steady start on Day 1, subscribed 52% by mid-session, with strong NII demand leading the response. The issue carries a 4% grey market premium, indicating modest listing gains. Proceeds will fund Falcon Yarns acquisition, working capital needs, and general corporate purposes.
Turtlemint IPO set for weak debut as grey market premium turns negative
The company's grey market premium (GMP) has slipped into negative territory ahead of its listing on the NSE and BSE. The latest GMP stands at negative ₹5, implying an expected listing price of around ₹147 per share, compared to the IPO price of ₹152.
Atharva Polyplast IPO: BSE SME declares price band at ₹55 to ₹60. GMP, date, other details in 10 points
The company has fixed the price band of ₹55 to ₹60 per share. The shares of Atharva Polyplast IPO is trading at a premium of ₹10 in the grey market
Why top fund managers think foreign investors could return to India
India's market outlook is improving as oil prices ease and geopolitical risks recede. Sunil Singhania, Founder of Abakkus Asset Manager, Prashant Khemka, Founder, Whiteoak Capital and Nilesh Shah, Managing Director at Kotak Mahindra AMC explain why foreign investor sentiment could improve, where earnings growth is strongest, and which sectors—from banks to renewables—offer the most compelling opportunities.
Sedemac Mechatronics hits new high; up 117% from IPO issue price in 3 mths
Share price of Sedemac Mechatronics hit a new high of ₹2,938.60, as they soared 12 per cent on the BSE in Friday's intra-day trade.
GenXAI Analytics shares set for listing. Here's what GMP suggests ahead of debut
GenXAI Analytics is set for its NSE SME debut with a subdued grey market premium, indicating a likely listing price near its issue price. The company's Rs 54.8 crore IPO, fully subscribed, aims to fund product development and working capital. GenXAI offers AI-driven enterprise performance and analytics solutions across various sectors.
Hexagon Nutrition IPO listing date today. GMP, analysts signal share debut at a minor premium on BSE, NSE - Mint
Hexagon Nutrition IPO listing date today. GMP, analysts signal share debut at a minor premium on BSE, NSEMint
Vahh Chemicals share price lists at 17% premium over IPO price on BSE SME
Vahh Chemicals share price listed at ₹70 apiece as against the initial public offering (IPO) price of ₹60, a premium of 16.66%. The stock rose marginally to its day's high of ₹71 but then reversed trend to hit the 5% lower price band of ₹66.50 apiece.