Jefferies on Shree Cement
Recommendation Buy; Target Price ₹33420, Earlier Target ₹35150
Miss on higher cost; Mgmt reiterates Value over Volume focus
Following weak Sep qtr, cut EBITDA est by ~3-5%
Stock outlook will improve only post any turnaround in Industry Cement prices in Mar qtr
Puravankara: Company bags Rs 212 crore order for SBR Global Queen’s Ville residential project. (Positive)
IFB Industries: CRISIL has revised the rating outlook to ‘Positive’ from ‘Stable’ & reaffirmed the ratings. (Positive)
European equity markets posted modest gains on Thursday, fueled by signs of a stabilising cease-fire between Israel and Iran and tempered by renewed scrutiny over the independence of the Federal Reserve (Fed) after critical remarks by Donald Trump.
Indian defence-sector equities including Sika Interplant Systems and Data Patterns (India) climbed up to 5 % after NATO nations committed to increasing defence expenditure.
Global equity markets entered a phase of relative calm after recent strong gains, as investors shifted from aggressive moves to watching signals more closely.
Key trends influencing the market:
Nestlé India Limited announced that its board has approved a bonus share issue in the ratio of one bonus equity share for every one fully-paid equity share held as on the record date. The move will be implemented by capitalising around ₹96.41 crore from the company’s retained earnings.
Orkla India Ltd, the owner of beloved food-brands such as MTR and Eastern, has opened its initial public offering (IPO) with a price band of ₹695 to ₹730 per share and a total issue size of ₹1,667.5 crore via a 100% offer-for-sale (OFS) of 2.28 crore shares. The subscription window runs from 29 October to 31 October 2025 with the shares expected to list around 6 November 2025.
India’s fractional real-estate market, currently valued at around US $500-600 million, is emerging as a fast-growing investment category that allows retail investors to co-own premium commercial properties.
In its mid-2025 strategy report, Motilal Oswal Financial Services highlighted five public-sector undertakings (PSUs) as standout long-term investment ideas, arguing that the PSU segment has undergone structural improvement and no longer lags the broader market.
A report by Nuvama Institutional Equities indicates that India’s public sector banks such as State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank could draw up to approximately US$3.98 billion (roughly ₹33,200 crore) in passive foreign institutional investment (FII) flows if the government raises the FII ceiling to 49 %. Currently, the cap stands at just 20 %.
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