Tenneco Clean Air India’s Rs 3,600-crore IPO has entered its final bidding day with strong demand, recording 2.93x subscription by Day 2 after receiving 19.52 crore bids for 6.66 crore shares. The issue is also attracting solid grey market interest, with a GMP of Rs 76, about 19%, indicating a potential listing price near Rs...Read More

PG Electroplast share price: PG Electroplast reported an 88% YoY decline in Q2 PAT to Rs 2.38 crore, while revenue fell 2.4% to Rs 655.37 crore. EBITDA dropped 26.2% to Rs 44.68 crore. Room AC sales were impacted by early monsoons and GST changes, while washing machines saw 46.9% growth.Read More

Sagility India is likely to see heightened activity on November 14 as promoters plan to sell up to 16.4% stake through block deals. The base offer includes a 10% stake sale, with a 6.4% green shoe option. According to media report, the floor price is set at Rs 46.4 per share, about 8% below the...Read More

Adani Power has won a major order from Assam Power Distribution Company Ltd to develop a 3,200 MW ultra-supercritical thermal power plant. APDCL will procure the full capacity, with phased commissioning starting December 2030. Morgan Stanley raised its target to Rs 185, citing robust growth, strong PPAs, regulatory clarity, and an expanded portfolio that positions...Read More

Hero MotoCorp share price: Hero MotoCorp reported a 16% YoY rise in Q2 net profit to Rs 1,393 crore, with revenue at Rs 12,126 crore. Vehicle volumes grew 11%, EBITDA rose 20%, and EV arm Vida achieved 11.7% market share, supported by strong festive season demand and international dispatch growth.Read More

Indian markets are consolidating, with midcap valuations appearing stretched. Equitree Capital’s Pawan Bharaddia highlights the ₹1,000–₹5,000 crore market-cap segment as a sweet spot, offering strong earnings growth at reasonable valuations. He also identifies India’s tourism sector as a potential multi-decadal investment opportunity due to improving connectivity and domestic travel.Read More

DSP Mutual Fund’s Sahil Kapoor advises caution, noting elevated valuations and stagnant fundamentals despite market optimism. He urges investors to distinguish sentiment-driven rallies from genuine recovery, emphasizing the need to monitor earnings quality and margin trends. Kapoor also shares insights on gold, the US Fed’s policy impact, and attractive sectors.Read More

Hubtown Ltd reported a significant 65% surge in its consolidated net profit to Rs 31.67 crore for the September quarter, driven by a substantial increase in total income to Rs 263.29 crore. The company highlighted strong performance in its luxury residential projects and anticipates adding over 5 million sq ft of developable area through proposed...Read More

Realty firm 91Springboard is expanding its flexible workspace offerings. The company has leased approximately 1 lakh square feet of office space in Mumbai and Gurugram. These new facilities are set to open next quarter. This expansion is driven by increasing demand from corporations. 91Springboard has already added significant space this year and plans further growth.Read More

PhysicsWallah’s Rs 3,480 crore IPO, one of the largest in Indian edtech, is set to finalize allotment on Friday with moderate subscription and a 0% grey market premium, indicating a cautious listing. The company, known for its hybrid model and diverse courses, reported strong revenue growth but remains loss-making, with IPO funds earmarked for offline...Read More