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The IPO comprises a fresh equity sale of Rs 2,500 crore and an offer-for-sale component, allowing existing shareholders to divest their holdings. HDB Financial Services, a major NBFC, focuses on retail and commercial customers with a diversified portfolio of financial products and services.

JM Financial initiated coverage on Ami Organics with a buy rating and a target price of Rs 1,965. The brokerage firm believes Ami is poised for growth due to its successful execution of the Nubeqa contract and the upcoming manufacturing of electrolytes. Ami has a portfolio of 570+ products catering to 500+ customers across 45 countries.

Indian headline indices smashed fresh record highs on Friday catapulted by heavyweights ICICI Bank and HDFC bank which had the biggest contribution to the respective index. They took positive cues from global and Asian markets amid the onset of a monetary easing policy by the US Fed.

Overseas investors have net bought more than $7 billion of Indian debt and equities so far in September, the highest monthly inflow since December 2023

The company has long standing relations with Daikin Airconditioning India, Schneider Electric IT Business India, Kirloskar Chillers and Blue Star among others

The Nifty Realty index closed 3.05 per cent up at 1101.6.

Bajaj Housing Finance shares reversed a two-day decline, rising 5% on the BSE to reach an intraday high of Rs 168, sparking renewed investor interest. The stock has gained 140% since its listing at an issue price of Rs 70 per share.

The analysis focused on companies with a market capitalization exceeding Rs 1,000 crore that exhibited sales and profit growth surpassing 15%, along with a Return on Equity (RoE) exceeding 15%.

Automobile shares led sectoral losses with a 2.9% fall, hurt by a 7.6% drop in Mercedes-Benz after the carmaker cut its full-year profit margin for the second time in less than two months, as overall sales volume fell in China.

​It is best as far as banking is concerned. Credit cost will probably normalise, NIMs will probably are also past their best, so that is the problem. I agree that valuations look far attractive compared to history in many cases, but banking is where we are sort of I would say more negative. NBFCs actually will get more interesting as the rate cut cycle begins.