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Bagmane Prime Office REIT is set to launch its IPO today, May 5. The company has secured significant backing from anchor investors, including the prominent Jhunjhunwala Discretionary Trust. This move signals strong institutional confidence in India’s upcoming sixth listed real estate investment trust.
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Bagmane Prime Office REIT’s Rs 3,405 crore IPO opens Tuesday, aiming to list at Rs 100. Despite strong institutional backing, including from the Jhunjhunwala Trust, grey market signals are muted. The Bengaluru-focused REIT boasts premium office assets with high occupancy and marquee tenants like Google and Amazon, projecting attractive yields.
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Five stocks from the Nifty500 universe were flagged in the RSI Trending Up scan on May 4 after gaining over 4%. The indicator turned positive as RSI crossed above 50 from lower levels, signalling improving momentum, strengthening sentiment, and potential short-term buying opportunities in select stocks.
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Five stocks from the Nifty200 universe hit a 5-year swing high at the close on May 05, 2026, signalling strengthening bullish momentum. Such price levels reflect sustained buying interest and improving trend strength, though a swing high differs from a confirmed long-term breakout above key resistance levels.
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Ather Energy reported a sharp narrowing of Q4 FY26 losses to Rs 100 crore, supported by strong revenue growth and improved operating metrics. Higher volumes, retail expansion, and product launches like Rizta drove performance, while EBITDA losses declined significantly, signalling improving unit economics and a stronger push towards profitability.
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