Heena Ojha
Heena Ojha
The pipeline includes several large-ticket offerings that could keep the primary market busy in H2FY27, including Jio Platform and OYO
The sell-off was driven by high US bond yields, a strong dollar, FPI outflows, crude oil concerns and weakening domestic growth signals.
MOFSL's bullish nod came as Aster DM recently merged with Quality Care India, with the brokerage firm noting that, the Aster DM Healthcare-QCIL merger creates one of India's largest hospital platforms
18 of the 50 Nifty stocks are trading more than 20 per cent below their respective 52-week highs, with a market cap erosion of ₹31.35 lakh crore in the same period.
Brokerage firm Emkay, among others, initiated coverage on NSE with a 'Buy' rating and an estimated target price of ₹2,050.
Market data showed NSE's grey-market premium weakening sharply during the IPO period. The premium had fallen to around 2 per cent from a peak of about 20 per cent during the bidding.
On a three-to-five-year view, NSE is the better play. It earned ₹3,122 crore in Q1FY27, over 3.5 times BSE's ₹873 crore.
The ₹22,562-crore IPO received bids for 50.58 crore shares against 8.86 crore shares on offer, resulting in an overall subscription of 5.71 times.
The brokerage attributed OINL's stronger stock performance in part to the broader preference for mid-cap stocks over large-caps.
Brokerage firm Emkay said, about a year after listing, Tata Capital continues to impress with its execution, with growth, asset quality, credit costs, and profitability broadly tracking guidance
Jefferies expects Adani Energy Solutions to deliver double-digit growth over the medium term.
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
MOFSL highlighted JSW Steel and Tata Steel as its top picks, noting that companies with stronger cost positions, captive raw materials and greater value-added exposure should be better positioned to d
The weakness in IT stocks was followed by the US Federal Reserve's decision to hike the key lending rate by 0.25 basis points to 3.75-4 per cent.
In the Nifty FMCG basket 13 stocks advanced while only 2 declined. Intraday, the FMCG index was up 1.82 per cent to 45,645.20.
Solar Industries India slipped 14 per cent to ₹19,225 in Tuesday's intraday trade. The Defence index was down 5.48 per cent to 9,190.60.
Last week, Coforge's Chairman resigned with immediate effect amid concerns raised by an internal audit over the Board's Evaluation Exercise.
The IPO is proposed to list on September 24 and the issue's price band is set between ₹1,700-₹1,785 per share
uesday's gain marked the stock's biggest single-day surge in more than two months, with the last comparable jump recorded on July 6.
Nifty Metal fell as West Asia tensions and crude above $108 raised supply-chain and transport cost concerns.