Shringar House of Mangalsutra made a strong debut on the stock exchanges. Shares listed at a premium after its IPO. The IPO saw huge investor demand. It was subscribed over 60 times. The company is a leading Mangalsutra designer and manufacturer. It serves big clients like Titan and Reliance Retail. Shringar House has a wide...Read More
Dev Accelerator, a flex space operator, had a muted market debut with shares listing around the IPO price of Rs 61. Despite healthy investor interest and strong revenue growth, concerns remain about profitability and client concentration. The company aims to capitalize on the expanding flex workspace market in India, but faces execution and leverage risks...Read More
Redington Limited’s shares are up because of the upcoming iPhone 17 sales. Pre-orders are happening now, and sales start on September 19. The stock has increased significantly in two days. Redington handles the supply chain for Apple products. The company reported profit and revenue growth in the first quarter. However, technical indicators suggest a possible...Read More
Euro Pratik Sales IPO witnessed 47% subscription on its second day, driven by strong NII interest at 91%. The grey market premium saw a slight uptick to 2.5%. The IPO, a complete offer for sale, is priced between Rs 235-247. The company, a leading wall panel brand with robust financials and international presence, aims to...Read More
Urban Company had a strong stock market debut. Shares listed at a premium and continued to rise. The IPO was oversubscribed, showing investor confidence. The company offers various home services and plans to expand. Revenue increased significantly in FY25. Experts advise caution due to high valuations. Some suggest booking partial profits and holding the rest.Read More
Eureka Forbes shares experienced a surge following Nuvama Institutional Equities initiating coverage with a ‘Buy’ rating, projecting a 20% upside. The brokerage highlights the company’s dominant market share in water purifiers and vacuum cleaners, alongside a strong after-sales service network.Read More
Indian benchmark indices Sensex and Nifty began positively on Wednesday, fueled by financial and automotive sectors. This surge followed the government’s optimistic remarks on trade discussions with the US and anticipation of a Federal Reserve interest rate cut. The S&P BSE Sensex climbed by 0.21%, while the NSE Nifty increased by 0.24% at the opening.Read More
Mobikwik shares: The digital payments company lost about ₹40 crore in a suspected fraud caused by a system glitch that allowed nearly 5 lakh UPI transactions to bypass balance checks and PIN verification over two days.Read More
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