Bharti Airtel shares gained ground as investors remained optimistic about the company’s long-term growth outlook in India’s telecom sector. Continued expansion of 5G services and strong subscriber additions have supported the company’s growth momentum.
Shares of Larsen & Toubro (L&T) witnessed selling pressure as global market volatility affected investor sentiment across infrastructure and capital goods stocks. Rising crude oil prices and geopolitical concerns have created short-term uncertainty in global markets.
Coal India shares moved higher following reports of strong demand for coal from the power generation sector. The company has been witnessing steady demand through its auction channels, reflecting continued energy requirements across the country.
Shares of Infosys moved higher as the Indian rupee weakened against the US dollar, boosting sentiment for export-oriented IT companies. A weaker domestic currency often increases revenue realisation for IT firms that earn a large portion of their income from overseas clients.
Shares of Tata Steel witnessed a sharp decline in recent trading sessions as global market volatility and rising geopolitical tensions weighed on metal stocks. The stock slipped as investors turned cautious amid fears that global economic disruptions could impact industrial demand.
Medical device manufacturer Integris Medtech has received approval from SEBI to launch its initial public offering, paving the way for the company to raise nearly Rs.925 cr. from the capital markets. The Pune-based firm develops and manufactures advanced medical devices used in hospitals and healthcare facilities.
Raajmarg Infrastructure Investment Trust (InvIT), backed by national highway assets, is preparing to launch one of the largest infrastructure IPOs in India. The InvIT is expected to raise around Rs.6000 cr. through the public issue.
Rajputana Stainless has announced plans to launch its initial public offering in early March as the company seeks to raise capital for expansion and debt reduction. The Gujarat-based stainless steel manufacturer supplies products used in infrastructure, engineering and industrial applications.
Sedemac Mechatronics, a Pune-based automotive technology firm specializing in engine control electronics, has opened its initial public offering for subscription. The company supplies advanced electronic components to leading automobile manufacturers in India and abroad.
Bengaluru-based fintech platform Moneyview has filed its Draft Red Herring Prospectus with SEBI to raise nearly Rs.1500 cr. through an initial public offering. The company operates in the digital lending space and has built a strong presence among young borrowers through its app-based financial services.
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