Page 167 - Markets
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")
Jefferson Capital valued at $1.2 billion after strong Nasdaq debut
The US IPO market has recovered in recent weeks after President Donald Trump's shifting trade policies rattled investors and froze new listings earlier this year
 "Jefferson Capital valued at $1.2 billion after strong Nasdaq debut")
Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids
Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day
 "Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids")
Nifty200 Momentum 30 Index to see around 20 changes in June 27 reshuffle
Analysts estimate Rs 16,000 crore in trade from the rebalancing as InterGlobe, HDFC Bank and others gain while M&M and Tech Mahindra face passive outflows
 "Nifty200 Momentum 30 Index to see around 20 changes in June 27 reshuffle")
Cement makers struggle despite robust growth of construction sector in GDP
The cement industry combined net sales declined to Rs 2.1 trillion in FY25 from Rs 2.22 trillion in the previous year
 "Cement makers struggle despite robust growth of construction sector in GDP")
S&P 500, Nasdaq near record highs as interest rate-cut bets creep up
The benchmark S&P 500 and tech-led Nasdaq were about 1% below their all-time peaks at Wednesday's close, following a truce in the Middle East conflict
 "S&P 500, Nasdaq near record highs as interest rate-cut bets creep up")
Rupee advances 38 paise as dollar index softens; ends at 85.71/$
Indian Rupee today: The domestic currency closed 38 paise higher at 85.71, a day after closing at 86.09 against the dollar
 "Rupee advances 38 paise as dollar index softens; ends at 85.71/$")
HDB Financial IPO Day 2 update: Subscription lags at 69%, employees lead
HDB Financial Services IPO Day 2 subscription status: The issue received bids for 9,02,77,760 shares compared to 13,04,42,855 shares on offer
 "HDB Financial IPO Day 2 update: Subscription lags at 69%, employees lead")
Bank Nifty at record high; benchmarks extend gains for 3rd day; SMIDs flat
the Bank Nifty index advanced 0.80 per cent from its previous close to scale a fresh peak of 57,076 during intraday deals on Thursday
 "Bank Nifty at record high; benchmarks extend gains for 3rd day; SMIDs flat")
ASK Automotive hits record high on JV with TD Holding; up 18% in 7 sessions
ASK Automotive shares rose over 5 per cent after the board approved forming a joint venture with Germany's T.D. Holding GMBH
 "ASK Automotive hits record high on JV with TD Holding; up 18% in 7 sessions")
Geopolitical risk, demand woes: Are India Inc's earnings at risk in H2CY25?
Earnings expectations 2025: According to analysts, the second half of calendar year 2025 (H2 CY25) could see an improved earnings environment, supported by lower credit costs and easing inflation
 "Geopolitical risk, demand woes: Are India Inc's earnings at risk in H2CY25?")
Sambhv Steel IPO Day 2 update: Subscription rises 90%, NIIs lead demand
Sambhv Steel Tubes IPO Day 2 subscription status: NSE data shows that the mainline issue received bids for 4,35,68,616 shares against 4,92,06,100 shares on offer
 "Sambhv Steel IPO Day 2 update: Subscription rises 90%, NIIs lead demand")
Tejas Networks shares gain 5% on partnering with Rakuten Symphony
Tejas Networks shares rose 5 per cent after it announced a partnership with Rakuten Symphony to develop integrated Open RAN solutions
 "Tejas Networks shares gain 5% on partnering with Rakuten Symphony")
Breakout stocks: KNR Cons, Apar, NH and 2 others may see up to 23% upside
Kirsloskar Brothers, EID Parry and Narayana Hrudayalaya among 5 stocks trading above the higher-end of the Bollinger Bands, thus indicating a technical breakout on the daily charts.
 "Breakout stocks: KNR Cons, Apar, NH and 2 others may see up to 23% upside")
SBI to HAL: These PSUs merit long-term portfolio spot, says Motilal Oswal
SBI, BEL, HAL, Power Grid, and Coal India are among the top stock picks for Motilal Oswal
 "SBI to HAL: These PSUs merit long-term portfolio spot, says Motilal Oswal")
Kalpataru IPO sees muted demand; subscription lags at 35%, GMP nil
Kalpataru IPO subscription status Day 3: The portion reserved for retail individual investors was booked 72 per cent, followed by non-institutional investors at 45 per cent
 "Kalpataru IPO sees muted demand; subscription lags at 35%, GMP nil")
Rupee gains on soft dollar, easing West Asia tensions; opens at 85.92/$
Indian Rupee today: The domestic currency opened 17 paise higher at 85.92, a day after closing at 86.09 against the dollar
 "Rupee gains on soft dollar, easing West Asia tensions; opens at 85.92/$")
Indogulf Cropsciences IPO opens today: GMP at 10%, should you subscribe?
Ahead of the issue, Indogulf Cropsciences allocated 5.25 million equity shares to anchor investors at the upper price band of ₹111 per share to raise ₹58.19 crore
 "Indogulf Cropsciences IPO opens today: GMP at 10%, should you subscribe?")
Stocks to Watch today, June 26: Vi, HUL, JSW Steel, BSE, PB Fintech, Ceat
Stocks to Watch today: Vi, Hindustan Unilever, JSW Steel, BSE, PB Fintech, Sun Pharma, Ceat and Union Bank of India are among the stocks to watch today, June 26, 2025
 "Stocks to Watch today, June 26: Vi, HUL, JSW Steel, BSE, PB Fintech, Ceat")
HDB Financial IPO subscribed 37% on Day 1; HNIs, staff lead bids
HDB Financial's Rs 12,500 crore IPO opened with 37 per cent subscription on Day 1, led by HNIs and employees, while retail and institutional categories lagged