Apollo Micro Systems announces ₹1,500 crore defence expansion in Telangana; stock slips 5%

Apollo Micro Systems and its group companies plan to invest about ₹1,500 crore in this expansion.

Apollo Micro Systems and its group companies plan to invest about ₹1,500 crore in this expansion.

The rupee depreciated 10 paise to 90.15 against the US dollar in early trade on Tuesday, as dollar demand from corporates, importers and foreign portfolio investors dented investors’ sentiments.

Bluechip stocks like Tata Consultancy Services Ltd. (TCS), Trent Ltd., Bharat Electronics Ltd. (BEL), along with broader market names like Mazagon Dock, Suzlon and Yes Bank, feature among the 10 most traded stocks by retail investors by taking leveraged positions…

India’s equity market has lagged other emerging markets, hit by delays in the US-India trade deal and rupee depreciation. But Allspring Global Investments’ Prashant Paroda expects India could be a surprise performer in 2026, helped by easing pressure on the…

Hero’s market share has fallen to 19% so far this month, compared with 35% in November 2025.

The agreement, valued at over 485 million SAR (approximately ₹1,165 crore, including VAT), covers the manufacturing and supply of steel pipes.

MTF-based selling occurs in case the value of the stock drops significantly, leading to a margin shortfall, leading to the broker automatically squaring off the positions to recover the funds, if additional margin is not provided.

Corona Remedies IPO: Retail investors have taken up 87% of their quota, while non institutional investors have subscribed 79% of their portion. Qualified institutional buyers are yet to make any meaningful bid.

The consensus estimate of price targets implies a potential upside of 80% from current levels. Macquarie’s price target on Kaynes is the sixth highest on the street after ICICI Direct, Nomura, Motilal Oswal, IIFL and Jefferies.

Investor sentiment remained cautious ahead of a slew of central bank meetings, including a looming decision by the Reserve Bank of Australia on the day, as markets look for a clearer picture of the outlook for global interest rates.