Page 10 - Markets

Nomura downgrades ITC as excise hike to weigh on volumes, margins

The brokerage expects the price hike will have a significant impact on volumes, pressure margins, increase illicit trade, stifle growth and the company's ability to recruit consumers.

Samhi Hotels gets 'Buy' from Antique; sees 41% upside on growth tailwinds

Antique gave a 'Buy' rating for Samhi Hotels stock with a target price of ₹260, an upside of 41 per cent from Friday's close.

Bharat Coking Coal sets IPO price band at ₹21-23: Check key details here

Bharat Coking Coal IPO will open for public subscription on January 9 and close on Tuesday, January 13, 2026

Stocks to buy: Aadhar Housing Finance, Union Bank, Tata Power are top picks

Choice Equities' technical research analyst, Aakash Shah, recommends buying Aadhar Housing Finance, Union Bank of India, and Tata Power Limited

Stocks to buy: Angel One's Osho Krishnan suggests buying these two stocks

Osho Krishan, a senior analyst, technical and derivatives, Angel One recommended buying Rail Vikas Nigam and Torrent Power

Modern Diagnostic IPO subscribed 377x; check allotment status, latest GMP

Investors who applied for the Modern Diagnostic IPO can check their allotment status on the BSE website or MUFG Intime India

Analysts bullish on Devyani after Sapphire Foods merger approval

Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale benefits, cost synergies and stronger QSR economics

CEO's unusual 'Samsung is back' remark fuels South Korea tech rally

Samsung shares jump to record highs after its co-CEO says customers feel "Samsung is back," boosting hopes of an Nvidia supply deal amid an Asian tech rally

Markets regulator Sebi directs phased rollout of merchant banking overhaul

SEBI proposes phased net worth norms for merchant bankers, tightening risk controls as India's IPO market continues its rapid expansion

Chinese AI chipmaker Biren's shares surge 76% in Hong Kong trading debut

Chinese AI chip designer Biren Technology surges 76% in its Hong Kong debut, kicking off the city's first IPO of 2026 amid strong demand for AI listings

ITC stock downgraded as excise duty hike raises margin, volume growth risks

ITC earnings estimates for FY27-28 have been cut after a sharp excise duty hike on cigarettes. Brokerages have downgrade the stock, citing margin and volume risks

BSE seeks applications for three executive directors under Sebi norms

Stock exchange plans to hire executive directors for critical operations, regulatory and business roles as Sebi tightens governance norms for market infrastructure institutions

Auto sales review: Analysts optimistic on sector amid strong Dec growth

TVS Motor, Maruti Suzuki India, Mahindra & Mahindra, and Ashok Leyland are some of the top picks of brokerages

Cupid shares extends record rally to 15th session; time to book profit?

Cupid share price surged to a record high of ₹524.95, from its 52-week low of ₹55.75, in just nine months

IPO Calendar: 3 SME issues to open next week; Modern Diagnostic to list

Modern Diagnostic & Research Centre is slated to debut on the BSE SME platform on January 7, keeping market attention on the smaller board

IDBI Bank shares soar to highest in 11 years; stock jumps 11% on volumes

IDBI Bank stock rose as much as 11.1 per cent during the day to ₹115.1 per share, the highest level since June 2014

Veegaland Developers files DRHP for IPO, eyes ₹250-crore via fresh issue

Veegaland Developers IPO comprises a fresh issue of equity shares of face value ₹10 each aggregating up to ₹250 crore

Insolation Energy shares gain 5% as 9-month sales top FY25 total value

Insolation Energy shares rose after the its provisional sales for the nine months ended December 31, 2025, surpassed total sales recorded in the entire previous FY

Analyst sees Silver near $70; 2026 outlook positive for long-term investors

Silver needs to hold above $70 to make a fresh attempt at a new high. An increase in margins is serving as a bearish catalyst for the metal

Capital goods firms' revenues seen up 10% YoY in Q3: Elara Capital

Elara Capital expects its capital goods universe to clock 12 per cent sales growth in Q3, while consumer electricals and durables are seen growing 22 per cent Y-o-Y