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Hindustan Zinc’s market value crossed Rs 3 lakh crore after a threefold surge in silver prices propelled the stock to the top of India’s metals sector. Shares jumped over 6% on Friday, with the company overtaking peers including parent Vedanta. Strong fundamentals and rising silver prices have prompted multiple broker upgrades.
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Indian stock markets and commodity exchanges will remain closed on January 26 for Republic Day. Trading resumes January 27. The holiday begins a 15-day closure calendar for 2026, as investors navigate markets amid global trade tensions, FII outflows and earnings.
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Luxury fashion platform Pernia’s Pop-Up Shop is heading for the stock market after Sebi cleared parent Purple Style Labs’ Rs 660 crore IPO. Backed by celebrity investors, the digital-first brand has posted rapid revenue growth and built a strong domestic and global presence.
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Urban Company slipped to a Rs 21 crore Q3 loss as heavy investment in InstaHelp hurt earnings, despite 33% revenue growth. Core businesses stayed profitable, margins improved, and management expects continued growth while near-term losses persist from expanding housekeeping services.
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Adani Power raised Rs 7,500 crore through NCDs from major domestic institutions to refinance debt and fund operations. The fundraising comes amid sharp selling in Adani stocks, even as investors cite strong fundamentals, expansion plans, and a relatively conservative balance sheet.
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IndusInd Bank Q3 Results: IndusInd Bank’s net profit saw a significant drop of 88.5% year-on-year for the December quarter. Despite this, the profit was in line with market expectations. Net interest income decreased, but net interest margins improved. The bank’s balance sheet size and advances also saw a decline. Non-performing assets increased, while the provision...
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India’s IPO pipeline gained momentum as Sebi approved 12 offerings across sectors. Sify Infinit Spaces’ Rs 3,700 crore issue, India’s first pure-play data centre IPO, leads the list, highlighting rising investor appetite for digital infrastructure and diversified growth stories.
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UltraTech Cement is expected to post a steady Q3FY26 performance driven by strong volume growth, healthy revenue expansion and improved profitability. Brokerages estimate a QoQ PAT rise of up to 25% and revenue growth of up to 11%, supported by better demand, higher capacity utilisation and easing cost pressures.
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Adani Green, Ixigo, Paytm and other major stocks saw sharp moves on Friday as markets slipped amid broad-based selling.
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