Latest Stock Market News

Medicap Healthcare Ltd has filed draft papers with markets regulator Sebi to raise Rs 240 crore through an initial public offering (IPO).

The recent Goods and Services Tax (GST) cuts are expected to inject fresh momentum into India’s consumption-driven economy, potentially expanding consumer wallets by nearly Rs 96,000 crore through the multiplier effect, according to Karan Taurani, EVP, Elara Securities.

Sebi has approved Bain Capital’s 26% open offer for Manappuram Finance after its 18.6% stake purchase. RBI clearance is pending, with the tendering process to begin post-approval.

Promoter holdings in nine Nifty500 companies rose significantly in Q1FY26, reflecting heightened confidence and long-term commitment. Key gainers include Aavas Financiers, Cohance Lifesciences, Reliance Infrastructure, and Adani Energy, indicating potential bullish sentiment.

Crisil Ratings anticipates a revenue surge of 16-18% for private defence firms. This growth is fueled by strong domestic demand and supportive policies. Order books are projected to reach Rs 55,000 crore by FY26. Government initiatives like Atmanirbhar Bharat are also boosting the sector. Incred Equities highlights the focus on digital and electronic warfare systems.

Jefferies has raised its target price for Patanjali Foods to Rs 695, maintaining a ‘buy’ rating. The brokerage expects the company to recover from Q1 headwinds caused by crude edible oil duty cuts, with volume growth and improved margins ahead. Key drivers include festive-season demand, GST cuts, and growth in foods, FMCG, and palm plantation businesses.

Sajjid Chinoy of J.P. Morgan discussed India’s fiscal outlook, trade dynamics, and policy direction. He argued that tax cuts need not derail growth if consumption strengthens and revenues rebound. With inflation stable, the RBI has space to act if required, while sustained top-line growth remains key for earnings recovery.

Across the BSE Midcap space, nearly 50 stocks have plunged over 25% from their yearly peaks

Vikas Khemani sees autos as key festive season winners, expects IT to weather H-1B visa changes with minimal margin impact, and remains bullish on pharma despite US drug pricing concerns. He views market consolidation as healthy, supported by strong macro fundamentals and GCC expansion.

Shares of Tata Investment Corporation surged 11.7% in intraday trade today to hit a new 52-week high of Rs 8,131.50 on the BSE. The rally followed the company’s announcement of a 1:10 stock split aimed at improving liquidity and enhancing retail participation.