Hero FinCorp is reportedly moving closer to its IPO launch, aiming to raise significant capital for business expansion. The company operates in the non-banking financial sector and focuses on retail and MSME lending.
Hero FinCorp is reportedly moving closer to its IPO launch, aiming to raise significant capital for business expansion. The company operates in the non-banking financial sector and focuses on retail and MSME lending.
Mahindra & Mahindra is focusing aggressively on expanding its electric vehicle (EV) portfolio, with multiple new launches planned in the coming months. The company aims to capture a larger share of the growing EV market in India.
Hindustan Unilever is strengthening its premium product portfolio to drive growth in urban markets. The company is focusing on higher-margin categories such as personal care and wellness products.
JSW Steel is planning to expand its production capacity to meet increasing demand from infrastructure and construction sectors.
Ongoing geopolitical tensions in the Middle East continue to create uncertainty across global financial markets. Although diplomatic discussions are underway, there is no clear breakthrough yet, keeping investors cautious.
Indian stock markets showed modest gains, with Sensex and Nifty inching higher during the latest trading session. Banking and financial stocks provided the necessary support, helping indices stay in positive territory.
The Indian rupee remained relatively stable against the US dollar as commodity prices, especially crude oil, showed signs of stabilizing. This has provided some relief to currency markets.
NIFTY OUTLOOK: 24173.05 FII -3254.71 cr DII 941.35 crore
As discussed yesterday market behaviour remained on the expected lines during the day, as profit booking take down the nifty upto 24134.8
Lehar Footwears posted 109% higher PAT of Rs.16.69 cr. for 9MFY26. Promoters hold 72.93% while CRISIL rating upgrade and strong cash flows helped reduce debt. The stock trades at ~15x P/E compared with peers at 30–64x.
Pennar Industries reported PAT of Rs.98 crore on sales of Rs.2,733 crore in 9MFY26 and received orders worth Rs.780 crore in the last three months. Promoters to invest Rs.50.40 crore via convertible warrants, while Bandhan MF increased stake to 5.0469%. The company also has a 400-acre land bank. Stock looks attractive at Rs.175 vs 52-week high of Rs.280.
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