Page 88 - The Smart Investor News
PNB Housing gets new 'Buy' from UBS on above average growth; stock up 2%
PNB Housing Finance shares rose 2 per cent after UBS initiated coverage with a 'Buy' call, citing above-market-average growth
 "PNB Housing gets new 'Buy' from UBS on above average growth; stock up 2%")
Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook
Nomura described Nykaa's growth plans in the BPC segment as being "in line with our view," and highlighted the company's strong positioning in the premium beauty space.
 "Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook")
IPOs in H1 2025 were priced to perfection; be selective now, say analysts
Notably, so far in 2025, 19 companies have gone public from the mainline segment, raising ₹29,834 crore
 "IPOs in H1 2025 were priced to perfection; be selective now, say analysts")
Analyst recommends 'Bull Spread' on Bank Nifty & PFC; detailed analysis
Derivative strategy: How trade Bank Nifty and PFC today? Nandish Shah of HDFC Securities explains
 "Analyst recommends 'Bull Spread' on Bank Nifty & PFC; detailed analysis")
Monthly stock picks by Motilal Oswal Financial Services: HDFC Bank, UTI AMC
Stocks to buy: Motilal Oswal's research desk recommends HDFC Bank, Federal Bank, Trent, Kaynes and others; check full list here
 "Monthly stock picks by Motilal Oswal Financial Services: HDFC Bank, UTI AMC")
Mutual fund schemes renamed to align with the Sebi category norms
With Sebi's June deadline nearing, fund houses rename equity schemes to reflect category names and avoid investor confusion; more changes may follow
 "Mutual fund schemes renamed to align with the Sebi category norms")
Pine Labs plans ₹2,600 cr IPO; Peak XV, PayPal to trim stakes
Pine Labs files DRHP to raise ₹2,600 crore via fresh issue and OFS; proceeds to repay debt, expand globally, and invest in tech and digital checkout
 "Pine Labs plans ₹2,600 cr IPO; Peak XV, PayPal to trim stakes")
Markets hit 9-month closing highs on Fed rate cut hopes, weak dollar
The BSE Sensex ended the day at 83,756, a gain of 1,000 points or 1.2 per cent. The Nifty 50 finished the session at 25,549, up by 304 points or 1.2 per cent
 "Markets hit 9-month closing highs on Fed rate cut hopes, weak dollar")
Tata Capital board clears ₹1,752 cr rights issue ahead of IPO plan
Tata Sons may subscribe to ₹1,630 crore of the issue as Tata Capital gears up for its $2 billion IPO, in compliance with RBI's NBFC listing mandate by September
 "Tata Capital board clears ₹1,752 cr rights issue ahead of IPO plan")
Strong mkt leadership, robust demand should help IndiGo stock gain altitude
India is expected to see close to 10 per cent CAGR in passenger volumes over next two-three years and it is among the lowest penetrated markets per capita despite being the third-largest
 "Strong mkt leadership, robust demand should help IndiGo stock gain altitude")
French fries maker Hyfun Foods may expedite its IPO plans to fund growth
"The IPO plans are still at a discussion stage but we do plan to reach there in next 2-3 years," Soundararadjane told Business Standard in an interaction
 "French fries maker Hyfun Foods may expedite its IPO plans to fund growth")
Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids
Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day
 "Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids")
Nifty200 Momentum 30 Index to see around 20 changes in June 27 reshuffle
Analysts estimate Rs 16,000 crore in trade from the rebalancing as InterGlobe, HDFC Bank and others gain while M&M and Tech Mahindra face passive outflows
 "Nifty200 Momentum 30 Index to see around 20 changes in June 27 reshuffle")
MF scheme launches hold steady, but NFO collections register drop
120 NFOs this H1, up from 91, yet volatility and tougher rules sting inflows
 "MF scheme launches hold steady, but NFO collections register drop")
Run SIP with long horizon, avoid lump sum bets amid high valuations
Despite stretched valuations and market volatility, smallcap funds saw strong inflows in May as investors bank on long-term potential and return to SIPs for stability
 "Run SIP with long horizon, avoid lump sum bets amid high valuations")
Cement makers struggle despite robust growth of construction sector in GDP
The cement industry combined net sales declined to Rs 2.1 trillion in FY25 from Rs 2.22 trillion in the previous year
 "Cement makers struggle despite robust growth of construction sector in GDP")
This smallcap stock zooms 105% from April low, hits new high; here's why
Share price of India Glycols hit a new high of ₹2,057, and has appreciated by 14% in the past one week, as compared to 2.4% rise in the BSE Sensex.
 "This smallcap stock zooms 105% from April low, hits new high; here's why")
Dalmia Bharat climbs 3% in trade; PL Capital raises target, sees 16% upside
Dalmia Bharat share price rose 3.4 per cent in trade on Thursday; PL Capital believes the company is well positioned to benefit from price hikes
 "Dalmia Bharat climbs 3% in trade; PL Capital raises target, sees 16% upside")
HDFC Bank, HDFC Life, Grasim, Max Health among 6 BSE100 stocks at new highs
Stocks at new highs: The private sector lender AU Small Finance Bank and telecom giant Bharti Airtel from BSE100 index hit their respective all-time highs in Thursday's intra-day trade.
 "HDFC Bank, HDFC Life, Grasim, Max Health among 6 BSE100 stocks at new highs")
HPCL up 4%, at 8-mth high: Time to buy or sell? Here's what brokerages say
HPCL share price outlook: While OMCs near-term earnings will remain strong (despite oil price spike), Kotak Institutional Equities said key concerns remain on the lack of pricing power and large capex
 "HPCL up 4%, at 8-mth high: Time to buy or sell? Here's what brokerages say")