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Studds Accessories IPO: Studds Accessories’ ₹455.49 crore IPO opens on October 30 with a price band of ₹557–585. The issue enjoys a ₹55 GMP, hinting at a listing price near ₹640 and an expected 9.4% gain for investors.
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Japanese government bond yields saw a slight dip on Tuesday, driven by expectations that Tokyo would not exceed its defense budget target when meeting with U.S. President Trump. While the 10-year yield eased, concerns over increased government spending pushed super-long-dated bond yields higher. The Bank of Japan’s bond buying operations also influenced market movements.
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Indian companies rarely show consistent profit growth. Research over three decades reveals that sustained earnings growth is a statistical rarity, not a common occurrence. Analysts and investors often overestimate the durability of growth narratives. This overconfidence in persistence has historically led to disappointment. The market may now reward prudence over projection as growth normalizes.
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Newly listed Canara Robeco AMC shares fell 11.3% to ₹311 after posting muted Q2 results. Net profit dipped 2% to ₹49 crore, while revenue rose 3% to ₹107.7 crore year-on-year.
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Hindalco and Vedanta shares rose up to 2% on Tuesday as metal stocks rallied. The Nifty Metal Index gained 1.1% to 10,582, driven by strong volumes and positive sentiment in the steel sector.
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