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PNGS Reva Diamond Jewellery’s Rs 380 crore IPO enters its final day with 83% subscription and zero GMP, signalling muted listing expectations. While strong financials and margins support long-term prospects, brokerages remain divided, citing valuation concerns, regional concentration risks, and competitive pressures in the evolving jewellery market.Read More

IRFC shares are in focus after the government chose not to exercise the greenshoe option in its OFS amid undersubscription from institutional investors. While retail bidding opens today, the PSU continues to report steady financial performance, with record quarterly profit and improving margins despite a marginal dip in revenue.Read More

Indian IT stocks are poised for focus following Nvidia’s robust quarterly earnings, which spurred a Wall Street rally. This positive sentiment emerges amidst recent volatility in the IT sector, triggered by AI startup Anthropic’s new tools. Analysts suggest the AI technology cycle is in its early monetization phase, with Indian IT firms expected to benefit significantly from increased AI spending.Read More

India’s IPO market is set for a strong year, with fundraising expected to surpass last year’s $20 billion. Over 170 draft IPO documents have been filed. Valuations are more realistic now. New-age companies will lead listings. Private equity funds have significant capital. Promoters are more open to strategic deals. The fundraising ecosystem is well-positioned for growth.Read More

Bharti Airtel is injecting Rs 20,000 crore into its new NBFC, Airtel Money Limited. This move positions the company as a direct lender, competing with established players. Airtel aims to leverage its vast customer base and data capabilities. The company previously acted as a loan distributor. This strategic pivot seeks to capture a significant share of India’s underserved credit market.Read More