Page 8 - Markets News

Digilogic Systems IPO opens Jan 20; price band set at ₹98-₹104

Digilogic Systems Limited, a city-based automated test equipment systems and application software provider to the defence and aerospace sector, on Saturday announced that its Initial Public Offering (IPO) will open for subscription on January 20. A press release from the company said the anchor portion will be opened on January 19, and the issue will conclude on January 22. The company intends to raise up to Rs 69.67 crore from the fresh issue and up to Rs 11.33 crore from offer for sale. The company aims to be listed on the BSE SME platform. The price band for the issue has been fixed at Rs 98 - Rs 104 per share, and the lot size will be 1,200 equity shares. The IPO will comprise a fresh issue of equity shares aggregating up to Rs 69.67 crore and an offer for sale of up to 11.50 lakh equity shares with a face value of Rs 2 each, aggregating up to Rs 11.33 crore, it said. Indorient Financial Services Ltd is the Book Running Lead Manager, and KFIN Technologies Ltd is the Registrar t

Brokerages split on HDB Financial as margins improve but growth lags

In Q3FY26, HDB Financial reported a steady operating performance marked by margin expansion, moderating credit costs and stable asset quality.

₹2,466-cr order lifts Kernex Microsystems shares 13%; key details inside

Kernex Microsystems shares surged after the company announced that it has secured an order worth ₹2,465.71 crore from Chittaranjan Locomotive Works.

HDFC Life Q3 growth holds firm, margins set to recover; analysts bullish

The insurer reported an 11 per cent year-on-year (Y-o-Y) growth in annualised premium equivalent (APE) at ₹3,970 crore for Q3FY26, broadly in line with industry growth and analyst expectations.

Elara Capital revises Lemon Tree to Accumulate; sees limited value in rejig

As part of the transaction, Warburg Pincus has acquired APG's entire 41 per cent stake in Fleur and committed up to ₹960 crore of primary equity to fund Fleur's growth.

Kotak Mahindra Bank marks 30 years of listing on National Stock Exchange

Kotak Mahindra Bank marked three decades of listing on the NSE with a bell-ringing ceremony, underscoring its growth, scale and long-term commitment to India's financial markets

Signs of revival: Pre-IPO fundraising improved but fell short of 2023 peak

Pre-IPO fundraising more than doubled in 2025, but shrinking pricing gaps with IPOs and faster listings led many issuers to skip such deals, bankers say

Ajmera Realty up 10% on ₹1,431-cr sales in 9MFY26; hopes to beat guidance

Ajmera Realty share price jumped 9.88 per cent to ₹200 on the NSE. In the third quarter of the current financial year (Q3FY26), the company recorded sales value of ₹603 crore

Nomura initiates coverage on ITC Hotels with 'Buy,' sees 20% upside

The brokerage expects robust margin improvement, strong cash generation and healthy growth in the company's managed hotels pipeline to drive earnings over the medium term.

BofA Sec starts coverage on Meesho with Neutral; near-term upside priced in

BofA expects Meesho to deliver a 26% Net Merchandise Value (NMV) CAGR over FY26-29, driven by 15% CAGR in new user additions and a 13% CAGR increase in order frequency.

Tata Elxsi Q3 margins expand, growth uneven; brokerages maintain 'Sell'

The Bengaluru-based design and engineering solutions firm posted revenue of $107 million in Q3, up 3.2% Q-o-Q in constant currency (CC) terms, ahead of estimates of 1.8 per cent Q-o-Q.

RailTel falls 2.5% after multiple order cancellations; key details inside

Around 10:30 AM, RailTel share price was trading 1.22 per cent at ₹336.10 per share. In comparison, BSE Sensex was trading 0.23 per cent lower at 83,435.40 levels.

ICICI Pru Life Q3 margins expand despite slow premium growth, say analysts

Most analysts highlighted that the insurer's ability to sustain margins despite the loss of GST input tax credit was the key takeaway from the Q3FY26 results.

Grasim's diversified growth strategy set for long-term gains: Motilal Oswal

Grasim's chemical segment, India's largest producer of chlor-alkali and epoxy resins, continues to offer a stable growth trajectory.

Eternal share price rises 4%, nears 1-month high on hope of foreign inflows

Eternal has increased room to receive foreign investment, which may help the stock to achieve full weightage in MSCI Index, according to media reports.

Ixigo shares rally 7% as JM Financial upgrades to 'Buy', eyes 29% upside

The stock rose to an intraday high of ₹228.40 per share. Around 11:00 AM, ixigo shares were trading 6.87 per cent higher at ₹227.85 apiece. By comparison, the BSE Sensex was down 0.08 per cent at 83,8

Dollar slides, gold hits record as Trump escalates fight with Fed

Fed funds futures have added in about three basis points more in cuts this year, which is small but points to the risk that the Fed gets pushed into being more aggressive

Street signs: WhatsApp leaks test insider controls, NSE IPO buzz picks up

From WhatsApp leaks testing insider trading controls to Sebi's regulatory review push and revived hopes for an NSE IPO, key signals emerge from Dalal Street

Sebi set to clear way for NSE to launch its initial public offering

NSE, also the world's most active ​derivatives exchange, has been in litigation with the Indian market regulator Sebi since 2019 when it was fined $122.04 million

Stock Market Close: Sensex logs worst week since Sept 2025; Nifty below 25,700; VIX up 16% this week

Sensex Today | Stock Market Highlights on January 9, 2025: In the broader markets, the Nifty Midcap 100 and the Nifty Smallcap 100 ended 0.79 per cent and 1.81 per cent lower, respectively