SMALLCAP IPO INDIA
Enviro Infra Engineers shares soar 11% after bagging Rs 306 crore orders in Chhattisgarh
Enviro Infra Engineers' shares surged over 10% following the announcement of new project orders worth ₹306.30 crore for sewage treatment infrastructure in Chhattisgarh. The EPC contracts encompass multiple STPs with 15-year O&M agreements. Sanjay Jain highlighted the company's commitment to delivering sustainable solutions for water management.
Cochin Shipyard shares in focus after subsidiary wins order for luxury river cruise vessels
Cochin Shipyard’s shares will be in focus after its subsidiary Hooghly CSL secured a Rs 100–250 crore order to build luxury cruise vessels for Antara River Cruises. While Q4 profit rose 10.8% YoY, margins contracted sharply. Despite bullish technical indicators, analysts remain cautious, with a 'Hold' rating and a 40% downside implied from the average target price.
Dixon Technologies shares in focus after promoter offloads 2.77% stake for over Rs 2,221 crore
Dixon Technologies shares will be in focus after promoter Sunil Vachani sold a 2.77% stake worth over Rs 2,221 crore, reducing his holding to 2.57%. The combined promoter holding fell to 29.5% from 32.27%. Motilal Oswal Mutual Fund bought 2.39% in the deal.
Ideaforge Technology shares hit 10% upper circuit after bagging Rs 137 crores order to supply mini UAVs to MoD
Ideaforge Technology shares surged 10% after winning a Rs 137 crore defence order to supply Mini UAVs to the Ministry of Defence. Despite strong YTD gains and technical strength, analysts remain cautious with a ‘Sell’ rating. Ideaforge leads in indigenous drone deployment with a strong presence across defence and infrastructure sectors.
Dr Lal PathLabs, Metropolis, other diagnostic stocks fall up to 3% after Amazon launches home testing service
Shares of diagnostic companies fell after Amazon India launched home diagnostics services in six major cities. The move, in partnership with Orange Health Labs, adds competition to traditional players like Dr Lal PathLabs and Metropolis, prompting investor concerns. Amazon Diagnostics offers over 800 tests with rapid doorstep collection and digital integration.
Ola Electric shares slide 6% to all-time low after fresh block deal
Ola Electric shares hit an all-time low on Monday after a fresh block deal involving 0.8% equity. The stock has plunged 43% from its IPO price amid weak Q4 earnings, rising losses, and falling deliveries. Analysts remain cautious, with a consensus ‘Hold’ rating and Rs 59 target price.
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Ujjivan, ESAF, Equitas, and other small finance bank shares rally up to 6% as RBI eases priority sector lending norms
Shares of small finance banks (SFBs) jumped up to 6% on Monday after the RBI relaxed priority sector lending (PSL) norms, lowering the mandatory target from 75% to 60% starting FY26. ESAF SFB led the rally with a 6% gain, followed by Ujjivan, Utkarsh, Equitas, Suryoday, Jana, and AU SFB, all posting solid intraday gains.
Granules India shares in focus after US FDA flags observation at Telangana API facility
The US FDA issued a Form 483 observation for its Telangana API facility. While not a final non-compliance verdict, the company plans a timely response. The facility is key for paracetamol API production. The stock has fallen 19% YTD but remains a ‘Strong Buy’.
YES Bank shares in focus after Rs 201-crore recovery from NPA settlement
YES Bank shares will be in focus after the lender announced a one-time settlement (OTS) for a non-performing asset (NPA), resulting in a recovery of Rs 201 crore. The borrower paid the amount in full and final settlement. The net recovery exceeded the materiality threshold under SEBI’s amended Listing Regulations, prompting a disclosure under Regulation 30.
HAL shares in focus after bagging Rs 511 crore deal to acquire ISRO’s SSLV rocket technology
Hindustan Aeronautics Limited has secured a Rs 511 crore deal. It will acquire the Small Satellite Launch Vehicle technology from ISRO. HAL will independently build and operate SSLV rockets. ISRO will provide training for the initial missions. HAL plans to manufacture six to eight SSLV rockets annually. The company aims to generate $6.5 million in revenue per launch.
Smallcaps soar Rs 75 lakh crore in value over 7 years, growing 5x: Study
India's small-cap stocks surged fivefold in value from ₹17 lakh crore in 2017 to ₹92 lakh crore by 2024, outpacing large and mid caps. Bajaj Finserv AMC highlights strong fundamentals, 27.6% CAGR, and unrealized value despite modest recent gains.
Oswal Pumps IPO subscribed 34.4 times on final day; GMP climbs to Rs 72
Oswal Pumps IPO: It includes a fresh issue of shares amounting to ₹890 crore and an offer for sale of 81 lakh shares by promoter Vivek Gupta. Prior to the public issue, the company raised ₹416 crore from anchor investors on June 12 by allotting 67.78 lakh shares at ₹614 each to prominent institutions such as Societe Generale, Smallcap World Fund, and ICICI Prudential.
Pharma stocks fall up to 4% after Trump says pharma tariffs coming very soon
Pharma stocks plunged after President Trump announced potential tariffs on imported medicines, impacting Indian drugmakers significantly. India, a major medicine supplier to the U.S. with $12.72 billion in exports in 2024, faces challenges. Experts warn that tariffs could raise production costs and reduce competitiveness for Indian firms, despite their crucial role in the U.S. healthcare system.
MCX shares hit record high on report of electricity derivatives launch this year
Share price of Multi Commodity Exchange of India (MCX) surged to a record high following reports that the exchange is set to launch electricity derivatives, a move already approved by SEBI. These contracts aim to help market participants better manage power price volatility and are expected to bridge the gap between the physical and financial power markets.
Sterlite Tech shares soar 35% in 2 days on data centre expansion amid AI demand
Sterlite Technologies shares: In a stock exchange filing on Monday, the company announced the launch of its next-generation data centre solutions—covering everything from cabling to comprehensive connectivity—tailored to the unique requirements of hyperscalers, colocation providers, enterprises, and telecom operators.
Oswal Pumps IPO booked 1.1X on Day 2 so far; GMP climbs on retail interest. Should you subscribe?
Oswal Pumps' Rs 1,387 crore IPO saw full subscription on Monday. Retail and non-institutional investors drove demand. The IPO received bids for 1.75 crore shares. Grey market premium indicated a potential listing gain. The company raised Rs 416 crore from anchor investors. Oswal Pumps manufactures solar pumps and related products. Revenue and profit have shown robust growth.
Oswal Pumps IPO subscribed 42% on Day 1. Check GMP, price band, and other key details
Oswal Pumps IPO: As of 2:33 AM, Oswal Pumps' IPO had received bids for 48,72,168 shares against the 1,62,12,980 shares on offer. The highest demand so far has come from non-institutional investors (NIIs), who subscribed to 50% of their allotted portion. Retail investors subscribed 34%, whereas qualified institutional buyers (QIBs) subscribed 8%.
Oswal Pumps' Rs 1,387 crore IPO opens for subscription. Should you bid?
Oswal Pumps launched its IPO on June 13, closing on June 17. The IPO price is Rs 584–614 per share. The company aims to raise funds through fresh shares and an offer for sale. Oswal Pumps already secured Rs 416 crore from anchor investors. The company manufactures solar pumps and related products.
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Oswal Pumps secured ₹416.2 crore from anchor investors before its IPO opening on June 13. The IPO includes fresh equity and an offer-for-sale totalling ₹1,387 crore. Strong interest came from top global and domestic institutional funds.
Sunil Singhania picks stake in Indegene, stock up 4%
Indegene shares: Abakkus was one of several institutional investors that participated in the transaction through which private equity giant Carlyle Group fully exited its 10.2% stake in the digital healthcare company.
India’s structural strength makes it a long-term winner despite global challenges: Ridham Desai
Morgan Stanley's Ridham Desai believes Indian equities are reasonably priced, despite foreign investors being underweight due to perceived high PE multiples. He highlights India's macro stability and growth amidst a challenging global environment, describing it as an "oasis in a desert.
ETMarkets Smart Talk: India’s market cap could hit $10 trillion by 2030, says ArthAlpha’s Rohit Beri
Rohit Beri of ArthAlpha Investment Advisors presents a bullish outlook on Indian equities, projecting a $10 trillion market capitalization by 2030. He advises investors to remain cautious amid current market volatility, focusing on sectors like capital goods, infrastructure, and renewables for long-term growth. For high-net-worth individuals, he recommends a strategy balancing capital preservation, growth, and tactical agility.
Ganga Bath Fittings IPO to open on June 4; aims to raise Rs 32.65 crore
Ganga Bath Fittings will open its Rs 32.65 crore IPO on June 4, 2025, with listing planned on NSE Emerge. Funds will support machinery purchases, debt repayment, and expansion.
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Shareholders are selling company stakes. This follows a stock market recovery. Over ₹50,000 crore in shares have been sold this month. Deals involve companies like ITC, Bharti Airtel and IndiGo. Experts believe this trend will continue. Positive market sentiment and easing global concerns are driving the sales. Several companies are planning to raise funds soon.
Indices decline over 1% amid global market concerns and profit booking
Indian equity indices experienced a decline of over 1% on Tuesday, influenced by weak global cues and profit-booking in key sectors ahead of the monthly expiry. Despite the downturn, analysts maintain a bullish outlook. Market sentiment was also affected by uncertainty surrounding Donald Trump's tariffs and trade agreements, contributing to investor caution.
Sensex jumps 400 points, Nifty above 24,950 on global cues; bank, auto stocks rise
Indian stock markets surged on Monday, with Sensex and Nifty50 opening higher, fueled by gains in banking and auto sectors. This positive momentum followed U.S. President Trump's decision to extend trade talks with the European Union, alleviating immediate trade concerns. M&M, Power Grid, and ICICI Bank were among the top gainers on the Sensex.
FTSE Index Rejig: Hyundai Motor, NTPC Green, Swiggy, and Waaree Energies to join largecap segment in June review
Hyundai Motor India, NTPC Green Energy, Swiggy, and Waaree Energies are set to join the largecap segment of FTSE’s global equity indices in the June 2025 review. These recent IPOs have seen mixed listing performances. Meanwhile, ITC Hotels will shift to midcap, and Vishal Mega Mart joins midcaps, with several new additions across smallcap and microcap segments.
If earnings growth fails to materialize, markets will struggle, warns HDFC Securities' Dhiraj Relli
HDFC Securities' CEO suggests Nifty valuations are reasonable given strong growth expectations, despite earlier forecast revisions. He cautions that failure to achieve projected earnings could hinder market sustainability. While geopolitical tensions ease and domestic fundamentals remain strong, investors should prioritize quality companies and diversification to navigate potential volatility.
Fund Manager Talk | Defence stocks rally shows FOMO taking over rationality, says Kotak's Atul Bhole
India’s macro fundamentals are in a really sweet spot & proving to be one of the strongest versus major global economies. Tightly controlled fiscal & current account deficits, lower inflation & stable currency while maintaining growth handle around 6-6.5% are attracting back foreign flows in a major way.
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