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JM Financial backs PDS margin recovery story, sees 22% upside; stock up 7%
Analysts believe this measured approach, coupled with an improving business mix, should support a more predictable earnings profile over the medium term
RBI schedules underwriting auction for sale of Government Security for ₹34,000 crore on June 05
The government of India has announced the sale of Government Security through auction to be held on June 05, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), includes 6.94% GS 2036 for a notified amount of Rs 34,000. The underwriting auction will be conducted through multiple price-based method on June 05, 2026 (Friday). PDs may submit their bids for ACU auction electronically through Reserve Bank of India Core Banking Solution (e-Kuber system) between 10:30 A.M. and 11:00 A.M. on the day of underwriting auction. The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of security.
PDS secures ₹450-crore sourcing contract from leading US value retailer
Global fashion infrastructure platform PDS Limited bagged a ₹450-crore sourcing mandate from a major US value retailer via subsidiary GSCL, boosting its US presence; shares closed at ₹286.90, up 0.61% today, April 6.
Stocks to Watch Today: Shyam Metalics, Aurobindo Pharma, ACME Solar, PDS, Deep Ind, Godrej Consumer, CreditAccess, Jubilant FoodWorks in focus on 07 April
Stocks to Watch, 7 Apr | Stocks like Jubilant FoodWorks, Fino Payments Bank, CreditAccess Grameen, Gallantt Ispat, Godrej Consumer Products, PC Jeweller, Shyam Metalics and Energy, Aurobindo Pharma, ACME Solar Holdings, PDS, Deep Industries, Vivid Electromech, and Sammaan Capital will be in focus on April 7.