Om Freight Forwarders IPO: Market analysts note that the stock is trading at a grey market premium (GMP) of about 2.2% over its issue price, indicating mild investor confidence in the unofficial market before listing.Read More
Axis Securities maintains its Nifty target of 25,500 for March 2026, driven by expectations of robust earnings growth and structural reforms. Despite short-term volatility, the brokerage anticipates upside potential from rural demand recovery and government spending. They have identified 15 top stock picks, including MGL and HDFC Bank, offering up to 30% upside potential.Read More
TruAlt Bioenergy share price: TruAlt Bioenergy shares debuted with a premium on October 3 after its Rs 839.28 crore IPO was oversubscribed 75 times, driven by strong institutional demand. The company, a major ethanol producer, reported rapid growth in FY25, but analysts note its aggressive valuation despite robust investor interest in renewables.Read More
Jinkushal Industries debuted on bourses with a modest 3.45% premium over its IPO price, despite strong investor demand leading to a 65x oversubscription. The company, exporting construction machinery globally, reported robust FY25 revenue growth. Its long-term success depends on sustaining export demand and scaling its HexL brand.Read More
The Indian rupee depreciated by 5 paise to 88.76 against the US dollar on Friday morning, driven by a stronger greenback and negative domestic equity trends. Forex traders attributed the weakness to US policies, trade tensions, global uncertainties, and persistent foreign fund outflows.Read More
In international markets, gold prices remained steady on Friday, poised for a seventh consecutive weekly gain, supported by expectations of additional U.S. interest rate cuts and concerns over a potential U.S. government shutdown.Read More
HDFC Bank shares: A large block deal of 26.5 lakh shares triggered heavy trading volumes. The bulk transaction sparked investor concerns over possible institutional selling, causing intraday weakness. The buyer and seller remain undisclosed, and the bank’s market cap stood at ₹14.68 lakh crore.Read More
Dharmesh Kant of Cholamandalam Securities anticipates banks will lead market growth, driven by supportive RBI policies and increased lending avenues. Allied sectors like fertilisers are also poised for positive movement due to a healthy monsoon. However, fiscal pressures from government spending could impact overall corporate earnings, making careful stock selection crucial for investors in October.Read More
Daljeet Kohli advises caution on banks near-term due to asset quality and NIM pressures, suggesting a re-look after consolidation. He remains positive on NBFCs and power financers for structural growth. Kohli also maintains a bullish outlook on pharma, expecting limited impact from US tariffs and a rebound in domestic demand post-calamities.Read More
In the investment field if you are delivering returns aligned to investors expectation, flows will eventually flow. Baroda BNP Paribas Multicap Fund has consistently delivered returns through various market cycles.Read More
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