A year ago, Air India’s turnaround seemed to be gathering steam despite delays. Then the tragic Ahmedabad crash derailed momentum.
A year ago, Air India’s turnaround seemed to be gathering steam despite delays. Then the tragic Ahmedabad crash derailed momentum.
India’s upcoming IPO lineup includes more than just traditional internet and e-commerce players. Several VC-backed, non-internet “new-age” startups — smaller in size and fewer in number — are now also preparing to hit public markets.
Tata Motors — after decades of diversification — has refocused on its core commercial-vehicles (CV) business by demerging and returning to trucks and buses.
As discussed yesterday, market behaviour remained on expected lines. Nifty opened near our breakout level of 26260 (opened at 26261.25) and continued its uptrend, rallying up to 26310.45 (near our level of 26313).
1. FIIs net long at 12.37%
2. VIX at 11.97 (-1.07%)
3. PCR at 1.28
4. FIIs bought Rs.1580 cr in cash, Rs.237.20 cr in index futures and Rs.1182 cr in stock futures.
Nifty has immediate resistance at 26207.
IGL:
Haryana to introduce a new city gas distribution policy aimed at boosting infrastructure investments.
HSBC on Hindalco
Maintain Buy; target price raised to Rs 1040/Sh (Positive)
Rox Hi-Tech posted H1 EPS of Rs.4.6 vs FY25 EPS of Rs.11. It holds Rs.27 cr. cash and Rs.36 cr. loans given. Its net block including CWIP is Rs.34 cr. Share trades at a forward P/E of 4.2x, long-term prospects look strong.
The IPO of Sudeep Pharma, sized at ₹895 crore, saw overwhelming demand and will have its share allotment finalised today.
Sun Pharma has broken a long-standing downward trendline on its weekly chart, triggering signals that the stock may push higher over the coming months.
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