Insights & Market News

Cult.fit IPO: Fitness company files draft IPO papers to raise Rs 950 crore via fresh issue

Cult.fit has filed draft papers for an IPO to raise up to Rs 950 crore through a fresh share issue, while existing investors will sell up to 17.86 crore shares via an OFS. The fitness and wellness com

IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E

IIFL initiated coverage on Adani Power with a 'Buy' rating and Rs 240 target price. The brokerage forecasts EBITDA to quadruple by FY33-35E due to growth pipeline. Adani Power is building significant

​Microsoft stocks in focus: What the latest layoffs mean for investors​

Microsoft is cutting nearly 4,800 jobs as its new fiscal year begins. These layoffs primarily impact the commercial sales and Xbox gaming divisions. The company states this restructuring reflects indu

India bond rally pauses ahead of state debt sale

Indian government bonds traded range-bound early Tuesday, pausing a three-session rally. Traders awaited a large state-debt auction, which will sell bonds worth 213.50 billion rupees. Oil and U.S. Tre

What could shape Samsung's growth in the coming quarters?

Samsung Electronics has projected a record-breaking second quarter, with operating profit expected to surge 19-fold on strong demand for AI-related memory chips. While the outlook for its semiconducto

RITES shares soar 9% after bagging a $36 million locomotive supply order from South Africa

RITES shares rallied after securing a $36 million locomotive supply contract. The company also received a Rs 175.41 crore consultancy project from BBAU. These new orders will be added to RITES' grow

SpaceX set to join Nasdaq-100 today. Will index entry fuel its next rally?

SpaceX is set to join the Nasdaq-100 index today, July 7. This inclusion could trigger approximately $4.3 billion in passive investment inflows. Companies joining the index often experience a share pr

This smallcap aerospace stock could soar 91%, predicts Nuvama

Nuvama has initiated coverage on Aequs with a 'Buy' rating and a target price of Rs 444, implying a 91% upside. The brokerage expects strong earnings growth, backed by the company's $889 million order

Bitcoin climbs over $63,000 as buying interest returns; key on-chain metric signals market stabilization

Bitcoin climbed past $63,000 as buying interest returned on Tuesday. Key on-chain metrics indicated market stabilization after recent fluctuations. Ethereum also saw gains, supported by stronger net

Global Market: UK regulator urged to consider rules for AI chatbots in financial advice

A UK regulatory review has recommended that the Financial Conduct Authority consider bringing AI models such as ChatGPT, Claude and Gemini within its regulatory framework as their influence on consume

Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?

Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter

Vedanta Aluminium wipes off Rs 25,000 cr worth investor wealth in under a month. Time to buy?

Vedanta Aluminium shares have dropped significantly since their listing date. This decline has erased substantial investor wealth in a short period. However, analysts maintain a positive outlook on

Kalyan Jewellers shares tumble 7% despite strong Q1 update. Details here

Kalyan Jewellers reported approximately 38% revenue growth in Q1 FY2027. This growth was driven by strong domestic and international business performance. The company's gold recirculation campaign a

Rs 18,000 crore crash in Trent shares explained, and should you buy the dip

Trent shares fell sharply on Tuesday, erasing nearly Rs 18,000 crore in market value, after its Q1 revenue growth of 19% missed Street estimates. While weak store productivity and slowing expansion ra

Rupee rises 15 paise to 95.28 against US dollar in early trade

The Indian rupee gained fifteen paise against the US dollar in early trade. Saudi Arabia's significant slash in August crude oil prices for Asia improved market sentiment. Lower Middle East risk premi

Sensex at 1 lakh in one year? Morgan Stanley sees 25% chance; Here’s what could trigger the next stock market rally

Morgan Stanley's India equity strategist Ridham Desai outlined three possible outcomes for the market over the coming year, assigning a 25% probability to its bull case, a 50% probability to its base

IIFL initiates coverage on Adani Power shares. Should you buy?

On Tuesday, Adani Power share price fell over 1.30% to ₹217 apiece on NSE.

Trent shares crash over 11% after Q1FY27 business update. Here's what spooked investors

Trent share price looked set to snap its six-day winning streak, as the retail stock crashed more than 11% in intraday trade on the BSE on Tuesday, 7 July.

Recently listed Waterways Leisure Tourism shares rise nearly 6% after announcement of stock split move

Waterways Leisure Tourism's share price rose nearly 6% on July 7 following the announcement of a board meeting on July 10 to discuss a stock split of its ₹10 shares, aiming to enhance liquidity while

Apollo Hospitals share price turns negative after hitting record high of ₹8,948.10 apiece on BSE. Do you own?

Apollo Hospitals stock hits record high following gains in DalalStreet. It has added 2% in the last 1 week, 6.5% in 1 month, 21% in 3 months, and 19% in 6 months. Meanwhile, it has given multibagger r

Teja Engineering Industries shares hit the upper circuit after a stellar 90% listing gain

Teja Engineering Industries' share price opened at ₹418 on the NSE, a premium of 90% over the issue price of ₹220. The SME stock extended gains further to hit its upper price band of ₹438.90.

Power Grid Corporation secures 80 billion yen loan from JBIC for Khavda-Nagpur HVDC project

Power Grid Corporation share price has fallen 3% in three months, and has gained 8% in six months. The PSU stock has fallen 16% in two years, while it has jumped 49% in three years.

Upcoming IPO: Cult.fit files draft papers with SEBI to raise ₹950 crore via IPO

Cult.fit has filed a draft red herring prospectus with SEBI for an IPO, featuring ₹950 crore in fresh equity and an offer-for-sale of 17.86 crore shares. Funds from the fresh issue aim to cover fitne

Titan share price hits new high; global brokerages give 'buy' tag to Rekha Jhunjhunwala portfolio stock post Q1 update

Titan reported a 41% YoY increase in consumer business growth for Q1 FY27, driven by strong demand across various segments. Brokerages remain positive, with CLSA and HSBC reiterating 'Buy' ratings and

Cult.fit files for IPO to raise up to ₹950 crore

The OFS component, by a clutch of existing shareholders, can potentially take Cult.fit's IPO size to up to ₹4,000 crore

Seemax Resources share price lists at ₹112.80 on BSE SME, a 20% discount to SME IPO price

Seemax Resources debuted on BSE SME at ₹112.80, 20% below its IPO price of ₹141. The IPO was subscribed 3.60 times, with significant interest from QIBs at 17.19 times. Seemax focuses on material han

Atharva Polyplast share price lists with 15% premium at ₹69 on BSE

Atharva Polyplast share price opened at ₹69 apiece on BSE SME. The stock listed at 15% premium over the IPO price of ₹60.

Kalyan Jewellers share price crashes 9% after Q1FY27 business update; details here

Kalyan Jewellers share price crashed almost 9% in morning trade on the BSE on Tuesday, 7 July, after the company announced its Q1FY27 business updates, reporting a consolidated revenue growth of appro

RITES share price jumps over 8% after bagging overseas locomotive supply order worth $36 million

RITES said it received an acceptance of its offer from Volantis Asset Finance (Pty) Ltd., South Africa, for the supply and commissioning of 4000 HP Cape Gauge diesel electric locomotives.

Cochin Shipyard share price falls 4% as OFS opens today for non-retail investors. Details here

Cochin Shipyard stock opened at ₹1,451.20 apiece today, as compared to previous close of ₹1,524.10 apiece on Monday.