The issue, priced in the range of Rs 162–171 per share, aims to raise about Rs 926 crore, comprising a fresh issue of Rs 850 crore and an offer for sale of Rs 76 crore. The IPO will close on May 5, with listing expected in early May.Read More
The absence of any grey market premium suggests that the strong subscription may not translate into listing gains, a trend increasingly visible in SME offerings where aggressive pricing and broader market conditions cap upside on debut.Read More
Seven large-cap stocks slipped below their 200-day moving averages, signalling weakening technical momentum and a potential bearish trend. This breakdown reflects sustained selling pressure and rising investor caution, as the 200 DMA is widely tracked as a crucial long-term support level used to assess overall market direction and trend strength.Read More
Waaree Energies shares are in focus after a robust March quarter and full-year performance. The company reported significant revenue and profit growth. Strategic investments in polysilicon and expansion of module and ingot facilities are underway. Waaree also announced a new glass manufacturing unit. The company has guided for strong EBITDA in FY27, signaling continued growth and value chain integration.Read More
India’s rupee faces sustained pressure as weak capital inflows and elevated oil prices strain the balance of payments. Despite RBI intervention, deficits are expected to widen for a third year, limiting policy flexibility. Analysts foresee further depreciation, with forecasts pointing to continued weakness amid global outflows and persistent external vulnerabilities.Read More
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