Canara Robeco Asset Management Company (AMC) made its debut on the National Stock Exchange (NSE) on 16th October 2025, opening at ₹280.25 per share, approximately 5.4% above its issue price of ₹266.
The Initial Public Offering (IPO), which raised ₹1,326 crore, was fully subscribed, with the Qualified Institutional Buyers (QIB) portion oversubscribed by 26 times. Retail investors subscribed 1.91 times, and Non-Institutional Investors (NIIs) subscribed 6.45 times.
Mumbai, 15th October 2025: Ageas Federal Life Insurance has entered into a strategic SME Bancassurance partnership with CSB Bank, marking a first in India. The collaboration aims to expand life insurance solutions for Small and Medium Enterprises (SMEs) and individual entrepreneurs across the country.
Leveraging Ageas Federal’s global expertise in SME life insurance and CSB Bank’s extensive national presence, the partnership enables customers to access integrated financial solutions combining credit, savings, and life insurance.
Bharat Electronics Ltd (BEL), the Navratna defence PSU, has once again grabbed headlines by securing new contracts amounting to ₹592 crore since September 29, 2025.
These latest orders cover a broad spectrum of defence and technology solutions, including tank subsystems and upgradation, communication systems, combat and ship management suites, network systems for ships, the Kavach train collision avoidance system, laser dazzlers, electronic jammers, as well as spares, upgrades and associated services.
Nomura on Tech Mahindra
Buy | Target Price Rs 1,670
2QFY26 was a good show on most parameters. Deal wins and pipeline are strong; management aims for better revenue growth in FY26E versus FY25. Business repair is underway with solid progress at the midpoint of a three-year turnaround. Stock trades at ~18.3x FY27F EPS.
Saatvik Green
Company secured a significant order worth Rs 638.85 cr. (Positive)
Mishra Dhatu Nigam
Company secured an order worth Rs 306 cr. (Positive)
Godrej Properties
Acquired a 26-acre land parcel near Sarjapur Road, Bengaluru, with an estimated revenue potential of Rs 1,000 cr. (Positive)
Daily Morning Report Date: 16.10.2025
NIFTY OUTLOOK: 25323.55 FII: Rs. 68.64 cr DII: Rs. 4650.08 cr
As discussed yesterday, market behaviour remained on expected lines. Buyers managed to overcome selling pressure, pushing Nifty to an intraday high of 25365.15. The index closed near the day’s high at 25323.55, almost touching our key level of 25330.
Chandan Healthcare partners with Jeena Sikho Lifecare as exclusive diagnostic provider for pathology and radiology services across all hospitals and clinics in India.
HEC Infra Projects assigned credit ratings by Infomerics Ratings, IVR BBB- / Stable for Rs.17.00 cr long-term and IVR A3 for Rs.30.00 cr. short-term facilities.
Nisus Finance Services Co assigned CARE BBB+ / Stable rating.
Sarveshwar Foods Singapore unit secures new export order of Rs.266 million; total orders now Rs.1,226 million.
LG Electronics India’s initial public offering (IPO) made a remarkable debut on October 14, 2025, listing at ₹1,710.10 on the National Stock Exchange (NSE) and ₹1,689.90 on the Bombay Stock Exchange (BSE). This performance marked a 50% premium over its issue price of ₹1,140 per share.
JD Cables Limited has announced a significant expansion initiative with the acquisition of a new industrial facility from Star Battery Limited at Dankuni, Hooghly, for ₹10.45 crore. The property spans approximately 1,18,288 sq. ft. (164.29 Cottah) and includes existing sheds and building structures, enabling immediate industrial utilization. This strategic move aims to enhance the company’s manufacturing infrastructure and support ongoing capacity expansion plans.
Tejas Cargo India Limited, a fast-growing logistics company headquartered in Faridabad, continues to strengthen its operations across multiple sectors including logistics, cement, steel, FMCG, e-commerce, and chemicals. Operating a fleet of 1,231 vehicles across 27 branches, the company leverages technology-driven solutions such as ERP, GPS, geofencing, and ADAS to ensure efficient fleet management.
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