The Sensex rose 262 points to close at 77,764, while the Nifty 50 gained 95 points to settle at 24,271, ending above the 24,250 mark. However, the broader market lagged, with the Nifty Midcap Index falling 118 points to 62,190,…
INOX Clean plans to refile its IPO papers in the coming months after strengthening its renewable energy business through a series of acquisitions. The company also announced a ₹700 crore investment from the Poonawalla family office, valuing the business at…
IDFC FIRST Bank reported a 20.6% year-on-year growth in loans and advances and a 17.7% rise in deposits for the June quarter. The lender’s CASA ratio improved to 50.8%, while it said asset quality continued to strengthen.
Abhinav Bharti, Managing Director and Head of India ECM at JPMorgan said the Indian market has sufficient depth to absorb multiple large IPOs simultaneously, while global investor interest remains strong for sizeable IPOs across consumer, consumer tech and healthcare sectors.
The project will be executed on a design-and-build basis and is scheduled to be completed within 24 months. The scope also includes a one-year defect notification period and 10 years of operations and maintenance (O&M).
Hi-Tech Pipes posted a 26% year-on-year increase in Q1FY27 sales volume to 1,56,136 metric tonnes. The company said demand across key end-user industries supported the growth.
While Axis Mutual Fund’s Head of Equity, Shreyash Devalkar, remains positive on the long-term manufacturing and capital goods story, he cautioned that elevated valuations could lead to corrections. He also said large-cap stocks currently offer a better risk-reward profile than…
Brokerage firm CLSA expects HCLTech to maintain its FY27 revenue growth and margin guidance despite the near-term demand environment.
The contract is valued at approximately ₹1,437.17 crore and will be executed over a five-year period beginning in August 2026, Bluspring Enterprises said in a regulatory filing.
Jefferies retained a cautious stance on M&M Financial, citing a subdued growth outlook and potential monsoon-related asset quality risks despite what it described as “reasonable valuations.”