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Speb Adhesives is launching its Rs 34-crore SME IPO today, aiming to expand its water-based adhesive capacity with a new manufacturing unit. Despite a flat grey market premium, the company’s steady financial growth and diversified customer base present potential for long-term investors. The book-build issue is open until December 3.
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Reliance Jio has secured the top spot for new mobile subscribers in October. This significant gain is expected to draw investor attention to Reliance Industries Limited shares. Other telecom players like Bharti Airtel also saw user growth. However, Vodafone Idea experienced a subscriber decline. India’s overall telecom market continues to expand, with broadband services showing steady progress.
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ITC shares are expected to be in focus as the government introduces a new Health Security National Security Cess to maintain high tax burdens on tobacco products. This move follows the expiration of the GST compensation cess, with legislative changes aimed at preventing a decline in tax revenue from the sector.
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Lenskart Solutions reported strong Q2 FY26 results with a 20% YoY rise in consolidated profit to Rs 102.22 crore and a 20.8% YoY increase in revenue to Rs 2,096.14 crore. Despite a standalone profit decline, the eyewear major’s overall performance reinforced investor confidence post its recent IPO.
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Sterling and Wilson Renewable Energy secured a significant Rs 1,381 crore order from Adani Green Energy Limited for a solar project in Gujarat, alongside a five-year strategic partnership. This boosts SWREL’s fiscal year order inflows past Rs 6,450 crore and reinforces its strong presence in India’s booming solar sector.
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