Mutual funds in India are facing increased scrutiny from investors and market watchers over their aggressive participation in recent IPOs. The calls follow a string of high-profile issues where post-listing performance has fallen short of expectations, triggering questions about whether fund houses applied sufficient diligence when backing these offerings.
Shares of Groww’s parent company, Billionbrains Garage Ventures Ltd, made a commendable market debut, listing at Rs 114 on the BSE (14 % above the issue price of Rs 100) and Rs 112 on the NSE (12 % above). Despite the strong listing, analysts suggest that investors who were allotted shares should hold on rather than immediately book profits.
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.
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