Orkla India, the parent company of the popular packaged food brand MTR Foods, has announced its initial public offering (IPO) with a price band of ₹695 to ₹730 per share, targeting a valuation of around ₹10,000 cr at the upper end.
Sammaan Capital (ex-Indiabulls Housing Finance) is India’s 3rd largest private housing finance firm. Abu Dhabi’s International Holding Company acquired 43.5% stake for Rs.8,850 cr., strengthening capital. Strong loan portfolio and digital-first operations support sustained growth.
Fund House and Brokerage Highlights
Brokerages maintained a largely neutral to positive stance on HUL, with Jefferies and Goldman Sachs reiterating Buy and targets of Rs 3,050 and Rs 2,850 respectively, citing medium-term growth potential and steady margins despite GST disruptions. Macquarie and MS maintained Neutral/Equal Weight with targets of Rs 3,000 and Rs 2,335, highlighting margin support from the upcoming ice cream demerger. CLSA remained cautious with an Underperform rating and Rs 1,966 target, citing muted near-term growth.
Citi on HUL
• Target Price: ₹3000 (↑ from ₹2900)
• Recommendation: Buy
• View: Strategic vision underpins medium-term growth outlook. Quarterly performance was hit by temporary trade destocking ahead of GST rate cuts. Management estimates a 200 bps growth impact.
*Business Standard*
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NIFTY OUTLOOK: 25,891.40 FII: -1,165.94 cr DII: 3,893.73 cr
As discussed yesterday, market behaviour remained on the expected lines during the day. Strong buying momentum initially lifted Nifty to an intraday high of 26,104.2, but it failed to sustain at higher levels and slipped towards the day’s low of 25,862.45.
The Trump administration has launched a flurry of actions reshaping U.S. domestic and foreign policy. In a bold move, Washington has imposed sanctions on Russian oil giants Rosneft and Lukoil, citing Moscow’s failure to progress toward a Ukraine ceasefire. The sanctions immediately triggered a $2 per barrel jump in global crude prices, signaling heightened tensions in energy markets.
India’s initial public offering (IPO) market has already witnessed 80 listings in 2025, raising over ₹80,000 cr so far. Looking ahead, analysts estimate that the IPO pipeline could generate an additional ₹41,000 cr in the next 10 weeks alone.
1. FIIs net long: 18.65%
2. VIX: 11.29
3. PCR: 0.97
Note:
The biggest development came on the US–India trade deal front. As per reports by Mint, both nations are close to finalizing a long-pending trade agreement under which the US may cut tariffs on Indian imports from the current 50% to around 15–16%.
As discussed yesterday, the market behavior remained broadly on expected lines. The positive momentum in Nifty extended the rally up to 25,935 during the day.
However, a bearish star candlestick appeared on the daily chart, indicating a potential pause in the uptrend and indecision about the next directional move.
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