BUSINESS
LG Electronics India Stock Call: Nomura initiates with ‘buy’ after bumper listing gain; check target price
Nomura has initiated coverage on LG Electronics India stock with a 'buy' rating after the stock's bumper listing on Indian stock exchanges. Its target price implies a 7 percent upside.
BUSINESS
Anant Raj stock dips 4% after Rs 1,100 crore QIP at 5% discount; data centre expansion in focus
Anant Raj Ltd set the floor price at Rs 695.83 per share and issued shares at Rs 662.00 per share, representing a 4.86 percent discount to the floor price.
BUSINESS
Infosys wins Rs 14,000 crore NHS contract to modernise workforce management system
Infosys wins mega contract worth GBP 1.2 billion from from the NHS Business Services Authority (NHSBSA) to replace the National Health Service’s ageing Electronic Staff Record (ESR) system.
BUSINESS
HCL Tech’s asset-light AI play gets bullish calls from brokerages, seen better placed than TCS’ infra-led path
HCL Tech has signalled that its AI expansion will be led through services rather than heavy investments in infrastructure or proprietary platforms.
BUSINESS
HCL Tech shares rise 2% after Q2 results beat estimates, brokerages raise guidance; check upside, target prices
HCL Technologies share price rose 2% in the morning trade today after a decent set of Q2 results, as multiple brokerages turned more positive on the stock, citing improved growth guidance in the company’s core services business and a strong order pipeline.
BUSINESS
Sensex, Nifty end lower as profit booking, weak global cues weigh; Adani Ports, Bajaj twins among top gainers
Sensex and Nifty partially recouped losses in the late afternoon. Markets remained cautious as renewed trade tensions between the US and China continued to unsettle investors, even as sentiment abroad showed early signs of stabilising.
BUSINESS
Adani Ports stock rises 1.5%, top Nifty gainer today after Investec initiates with ‘buy’ call; check upside
Investec has a positive view on Adani Ports and SEZ stock, implying a potential upside of nearly 22 percent.
BUSINESS
‘Expect 10-15% returns from gold, not 50%’: Invesco's Tahir Badshah says gold price rally may be losing steam
Tahir Badshah of Invesco Mutual Fund advises investors to temper return expectations from gold to 10-15%, down from the recent 30-50% surge. He attributes the past rally to central bank buying, a trend he feels has reached a mature stage.
BUSINESS
L&T wins Rs 2,500-5,000 crore grid infrastructure orders in Middle East; stock trades mildly lower
Larsen & Toubro said it has won large orders in the range of Rs 2,500-5,000 crore for its Power Transmission & Distribution business for grid infrastructure in the Middle East.
BUSINESS
Waaree Renewable Technologies stock soars over 13% today to new all-time high after Q2 net profit doubles
Waaree Renewable Technologies share price jumps over 13 today to hit a fresh all-time high, after the company's Q2 net profit more than doubled.
BUSINESS
DMart shares fall 2.8% after Q2 earnings; brokerages flag margin pressure, mixed outlook on online biz
Avenue Supermarts share price today: Analysts noted stabilisation in Avenue Supermarts' gross margins in Q2, they flagged rising operating expenses, slower same-store growth, and the scaling back of its online venture. Higher employee and finance costs weighed on margins.
BUSINESS
Silver ETF prices ease today after blistering rally; HDFC Silver ETF slides over 4%
Despite partially cooling off today, all major Silver ETFs remain sharply higher for the week -- up between 8 and 9 percent over the past five sessions.
BUSINESS
Bank Nifty climbs 1% to above 56,750; PSU stocks spearhead rally with SBI, PNB in focus
With PSU banking stocks leading a rise in Bank Nifty, analysts see improving sentiment in the banking sector after a brief consolidation phase.
BUSINESS
TCS Q2 net profit up 1.4% YoY at Rs 12,075 crore; IT co declares Rs 11 dividend, unveils giga AI plan
TCS Q2 FY26 Results: Tata Consultancy Services second quarter net profit slightly missed expectations. India's largest IT firm unveiled an ambitious plan to build a 1 GW capacity AI datacentre in India.
BUSINESS
LG Electronics India IPO: Bargain pricing surprises street; industry leader seeks listing at steep discount to peers
Despite scale, profitability and returns superior to peers, LG Electronics India is listing at 35x FY25 earnings, a steep discount to the sector’s 60x average. That explains why brokerages have recommended ‘subscribe’ or even ‘must subscribe’ for LG Electronics India’s public issue.
BUSINESS
L&T shares rise 1.5% after winning over Rs 15,000-crore ultra-mega hydrocarbon order in Middle East
L&T's Middle East ultra-mega project involves engineering, procurement, construction, installation, and commissioning of an NGL plant designed to process Rich Associated Gas (RAG) and produce value-added products.
BUSINESS
Tata Capital IPO: A long-term compounding play backed by scale, governance, credit growth visibility
Tata Capital IPO: Brokerages view Tata Capital as a structural compounder which can steadily improve profitability as funding costs ease and synergies from the TMFL merger are realised -- a long-distance financial franchise, aligned with the credit demand that outpaces supply.
BUSINESS
Tata Capital IPO: Margins under pressure as funding costs rise and provisioning buffers thin
Tata Capital enters the market while navigating a phase of margin compression. While analysts expect profitability to recover, for investors, the IPO is essentially a play on the Tata group’s long-term resilience rather than short-term margin expansion.
BUSINESS
Tata Capital IPO: Strong franchise, fair valuation -- is the Tata premium justified?
Tata Capital IPO: Investors must assess whether Tata Capital’s governance strength and lower-risk profile justify a near-peer valuation despite its thinner margins and profitability.
BUSINESS
US shutdown unlikely to hurt economy; S&P Ratings lowers recession risk, sees two more Fed rate cuts this year
S&P Global Ratings has lowered its probability of a US recession beginning in the next 12 months to below 30% -- a downward revision from a 35% probability estimated earlier in the year during the peak of trade tariff tensions.
BUSINESS
Om Freight Forwarders IPO subscribed 4 times on final day of bidding amid strong NII, retail participation
By 3:09 pm on the last day of bidding, Om Freight Forwarders' Rs 122.31-crore issue had been subscribed 3.58 times, with investors putting in bids for 2.83 crore shares against 79.17 lakh shares on offer.
BUSINESS
Should you subscribe to LG Electronics India IPO? Cheaper valuation, superior returns, market leadership
At the upper end of the price band, the IPO of LG Electronics India is valued at a post-issue P/E multiple of 35.1x FY25 earnings.
BUSINESS
Maruti Suzuki delivers 1.65 lakh vehicles in Navratri, eyes 2 lakh sales this festive season
This is the first time in a decade that Maruti Suzuki has topped one lakh deliveries during the Navratri days, reflecting strong demand. The auto major expects to sell 2 lakh vehicles in this festive season.
BUSINESS
Nifty Metal index climbs 1.8%; Tata Steel, Nalco, Hindalco shares lead gains on positive global cues
Global cues turned supportive for capital-intensive sectors such as steel, with expectations of a U.S. Federal Reserve rate cut this month. The European Union’s reported plan to raise tariffs on imports may end up helping Tata Steel rather than hurting.
