Fujiyama Power Systems Ltd. (FPSL) is a leading manufacturer and solution provider in the Indian rooftop solar industry offering an integrated ecosystem of solar products. Originally founded in 1996 as UTL Electronics, the entity was converted into a partnership firm in 2018 and later restructured as a public company.
Markets were abuzz with a heavy flow of Q2FY26 earnings, corporate actions, and fundraise updates across sectors.
Key Earnings Highlights:
RVNL reported a 20% YoY dip in net profit to Rs.230 cr, though profit rose 72% QoQ on better execution. Revenue was up 6% YoY at Rs.5,122 cr.
NIFTY OUTLOOK: 25694.95 FII -803.22 cr. DII 2188.47 cr.
As discussed yesterday, market behaviour remained on expected lines during the day, as Nifty started with selling pressure and drifted down to 25449.25. From there, it found strong buying support and advanced up to our projected level of 25725, making a day high of 25715.80.
Alert: Quant MF’s Sandeep Tandon warned that investor “stupidity” is driving IPO frenzy, with Indian investors paying unjustified valuations that global markets wouldn’t approve.
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Asian equity markets rallied for a second straight day as optimism built around the potential end of the U.S. government shutdown, injecting fresh risk-appetite into global markets. Investor sentiment improved significantly after the U.S. Senate advanced a bipartisan bill that would reopen government funding, a development that brought relief to markets globally and especially in […]
U.S. equity markets climbed markedly on Monday, with the S&P 500 gaining about 1.54% and the Nasdaq Composite jumping roughly 2.27%. The rally was driven by a strong rebound in major AI-linked stocks — Nvidia rose ~5.8% and Palantir surged ~8.8%.
Gold prices edged up to a near three-week high on Tuesday as rising expectations of a Federal Reserve interest-rate cut in December and easing U.S. fiscal uncertainty boosted safe-haven demand.
In a notable shift, Goldman Sachs and HSBC have recently upgraded their outlook on Indian equities. Goldman Sachs raised India to an “Overweight” rating, setting a target of the Nifty 50 at 29,000 by end-2026 (implying over 13 % upside). HSBC reiterated an overweight view on India in its Asia portfolio, targeting the BSE Sensex at 94,000 by 2026 (roughly 12.5 % upside).
PhysicsWallah Ltd is gearing up for a major initial public offering (IPO) of around ₹3,480 crore, comprising a fresh issue of ₹3,100 crore and an offer-for-sale of ₹380 crore. Its price band is set between ₹103 and ₹109 per share, valuing the company at roughly ₹30,000–₹31,000 crore at the upper end.
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