Paras Defence shares surged on Wednesday following a significant announcement. The company has partnered with South Korea’s Green Optics. This collaboration focuses on optics and optical systems for space and defence sectors. The deal aims for joint development and business expansion. Defence stocks are also showing strength amid global tensions. Paras Defence has delivered strong returns over the past year.Read More
Walmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billion. This valuation marks a decrease from its last private funding round. The fintech giant, facing competition and a low-margin payments landscape, seeks to complete its listing by April, though market conditions could influence the timeline.Read More
Nearly 80% of Indian stocks are deep in bear market territory, hidden beneath modest index declines. Small and midcap companies have faced prolonged selling, but fundamentals remain strong. Analysts suggest that, despite geopolitical risks and oil shocks, selective bottom-up stock picking could offer attractive opportunities for long-term investors willing to endure temporary volatility.Read More
Escalating Middle East tensions are pushing oil prices higher, significantly impacting India’s beaten-up equities and widening their underperformance against global peers. Analysts warn of further downside for Indian assets due to the country’s heavy reliance on imported energy, potentially driving inflation and weakening the economy and currency.Read More
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