Inox India bags orders worth ₹373 crore in FY26 so far, shares rise

INOX India announced that these orders were obtained across different business segments of industrial gas, cryo-scientific solutions, LNG and beverage kegs.

INOX India announced that these orders were obtained across different business segments of industrial gas, cryo-scientific solutions, LNG and beverage kegs.

The allotment for the Oswal Pumps IPO is expected to be finalised on June 18, while the company will be listing on bourses with a tentative listing date fixed as June 20.

Brokerage firm Jefferies said that competition remains a key concern for Eternal and Swiggy. However, the brokerage believes Amazon faces a tough battle, given its late entry into the market.

At the interbank foreign exchange, the rupee opened at 85.96 before strengthening to 85.93. It had closed at 86.04 on Monday (June 16).

The Executive Director of Port Shelter Investment Management has reduced his exposure to US tech stocks, added cash, and diversified into underperforming regions, such as Europe and China.

Brokerage firm Nomura wrote in its note that the decline in Administered Price Mechanism (APM) gas allocation presents a near-term challenge, though it is manageable through price hikes.

Manas Agrawal, Insurance Analyst at Bernstein, sees Max Financial Services as the most promising, with potential catalysts that could drive further upside. He also remains positive on SBI Life Insurance and HDFC Life.

Jefferies is anticipating a pipeline of new contracts to fructify within the specialty chemicals, CDMO and High-Performance Products to fructify in the current financial year, which will provide growth visibility to the company starting financial year 2028.

In India, 24 karat gold traded at ₹1,00,370 per 10 grams, while 22 karat stood at ₹92,000 per 10 grams, according to Goodreturns. 18 karat gold was priced at ₹75,280.

Zydus Wellness Block Deal: The shares changed hands at a price of ₹1,900 per share, taking the total transaction value to ₹879 crore.