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Shrikant Badve of Belrise Industries joins India’s billionaire club as shares hit ₹162.70, up 81% since May, valuing his 59.56% stake at ₹8,623 crore.
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Ganesh Consumer Products’ Rs 409 crore IPO was 18% subscribed on Day 2, led by retail investors (31%). GMP indicates a modest 3.4% premium. Proceeds will fund debt repayment, new production facilities, and promoter stake reduction, with analysts recommending a long-term subscription.
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Nine SME IPOs are open for subscription, with GMPs signaling up to 24% potential listing gains, led by strong interest in True Colors IPO.
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Netweb Technologies has seen its stock more than double in six months, fueled by order wins, government digital initiatives, and India’s growing data center market. Brokerages anticipate continued revenue growth driven by AI adoption, data localization, and expanding compute infrastructure.
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Mayuresh Joshi notes sectoral volatility in India’s stock market, but expects consumption and capital expenditure to drive growth. Key sectors include FMCG, consumer durables, infrastructure, manufacturing, and select NBFCs.
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