Shares of PB Fintech fell over 10% to Rs 1,545 during Thursday’s intraday trading on the BSE after the company suggested it might venture into the healthcare sector. The company stated, “We are still exploring, but currently have no decisions to announce. Any decision made will be communicated to the Continue Reading

KRN Heat Exchanger IPO GMP: The company proposes to use the net proceeds from the IPO for investment in wholly-owned subsidiary KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, in Rajasthan. The remaining amount will be used for other general corporate purposes.

Diffusion Engineers IPO GMP: Diffusion Engineers’ IPO was subscribed 2 times shortly after opening, driven by retail investors.The price band is set at Rs 159-168 per share, with a strong GMP of Rs 78.

KFin Technologies and CAMS are well-positioned in the mutual fund industry despite their high valuations. With significant stock rallies over the past year, both companies benefit from a duopolistic market with high entry barriers. Analysts predict potential upsides of up to 26% for KFin Tech and 42% for CAMS.

Hemang Jani, a market expert, highlights key stocks like Trent and CAMS in the current bull market. He discusses PB Fintech’s healthcare foray plans and provides insights into the auto sector, particularly the two-wheelers and OEMs. He says he is not too excited about the passenger vehicle story at this Continue Reading

HDFC Bank has acquired a stake worth Rs 1 crore in the SME IPO of Sahasra Electronics Solutions, representing 35,600 equity shares in the company ahead of its public offering. Sahasra Electronics Solutions, which specializes in electronics solutions for system design and manufacturing, raised approximately Rs 53 crore in the Continue Reading

Several global and domestic brokerage firms have initiated coverage on various stocks, expressing bullish sentiment on companies such as Trent, Tata Power, Power Grid, and JSW Energy, with a potential upside of up to 27%. Here’s a list of seven stocks on which brokerages have initiated coverage:

This feeds into the consumer cycle as well. So, the setup in terms of the corporate and economic background is very good. However, in the past two years, because of the sharp rally, some areas have become a little expensive. That’s why markets are now looking for milestones.

Union Minister Piyush Goyal outlines how the Make in India initiative has transformed India’s manufacturing sector over the past decade. He credits government reforms like GST, IBC, and ease of doing business for this success. Goyal also emphasizes India’s potential as a global manufacturing hub due to its demographic dividend Continue Reading

India’s core consumer inflation hit a decadal low of 3.14% in June, suggesting excess capacity in the economy. Jahangir Aziz from JP Morgan Chase advocates for an immediate policy rate cut by the RBI, despite geopolitical uncertainties and US election risks potentially impacting global economics.