Latest Stock Market News

Pace Digitek’s upcoming IPO, priced at Rs 208–219 per share, will raise Rs 819 crore to fund capital expenditure and corporate needs. The multi-sector company operates in telecom, energy, and ICT, with Bengaluru manufacturing units. FY25 profit rose 21%, supported by strong operations and diverse solutions across industries.

Indian benchmark indices ended in the red for the second consecutive day amid high volatility, with IT stocks being the primary reason for today’s lackluster performance.

NBCC (India) Ltd. and HUDCO have entered into an initial agreement to develop projects valued at Rs 117 crore across multiple locations. NBCC will undertake the development of a commercial complex in Kaushambi, redevelop a land parcel in Panchkula, construct new blocks in Ahmedabad, and reconstruct residential flats in New Delhi.

First-of-its-kind development offers independent home experience in high-rise format with 90% open space and dedicated community zones Bengaluru, Karnataka, India (NewsVoir)

Jaro Institute s Rs 450 crore IPO is set to open on Tuesday. The IPO shares are already commanding a premium in the grey market. Listed ed-tech peers show mixed performance, with returns ranging from -97% to 199%. The company has fixed the IPO price band at Rs 846 to Rs 890 per share.

Nitin Raheja of Julius Baer Wealth Advisors suggests that while GST rate cuts have spurred a rally in consumer stocks, the real impact will unfold long-term, driven by structural tailwinds. The upcoming festive season is crucial for gauging demand recovery, potentially boosting earnings into FY27.

Technology services stocks are currently shorted globally. Investors flock to AI themes, overlooking IT services. The IT sector experienced deceleration, while hyperscalers grew. AI adoption is at the Proof of Concept stage. Indian IT has weathered transitions, adapting to new growth paths. AI s impact on IT services is expected to be modest. Enterprises struggle with AI implementation.

Markets slipped on Friday amid profit-taking. Analysts recommend Sammaan Capital, Phoenix, and Great Eastern Shipping, citing bullish reversal patterns and strong volumes, with potential returns of 6–13% in the near term.

India sees a busy IPO day on September 23, with 10 issues across mainboard and SME platforms. Grey market premiums highlight strong investor sentiment in select stocks.

Country Club Hospitality and Holidays Ltd (CCHHL) intends to garner USD 100 million via GDR or FCCB to establish upscale leisure properties throughout India. The Hyderabad-based company, now debt-free after repaying Rs 600 crore, manages 30 properties directly and another 30 via franchise. CCHHL is also venturing into residential and commercial real estate projects in major cities.