Latest Stock Market News

Sawaliya Food Products IPO: The IPO comprises up to 29,02,800 equity shares with a face value of ₹10 each. This includes a fresh issue of up to 26,02,800 shares and an offer for sale (OFS) of up to 3,00,000 shares.

Laxmi India Finance, a Jaipur-based NBFC specializing in MSME and vehicle loans, is set to debut on the stock market on Tuesday. The IPO, priced at Rs 158, saw a subscription of 1.86 times, with strong retail participation. While analysts view the stock as fairly valued, its regional focus and leverage warrant consideration.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

Fund Manager Jaiprakash Toshniwal identifies pharma, specialty chemicals, and agrochemicals as sectors with promising growth and reasonable valuations. He suggests a diversified portfolio approach, cautioning against auto and auto ancillaries. Toshniwal highlights potential contrarian bets in the IT and specialized capital goods sectors, anticipating future growth driven by macro trends and specific industry developments.

According to the term sheet, the transaction is valued at Rs 3,803.3 crore (approximately USD 434 million) based on the offer floor price of Rs 1,020 per share. This price reflects a 5.4% discount to Paytm’s August 4 closing price of Rs 1,078.20 on the National Stock Exchange (NSE).

Traders interpret “White Marubozu” as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Coal India and 20 other companies will turn ex-dividend on Wednesday, with August 5 being the final trading session to qualify for payouts. Investors eyeing dividends across sectors like logistics, cement, and real estate are expected to track these counters closely for price and volume action.

Kaynes Technology’s shares are in focus after its subsidiary signed an MoU with the Tamil Nadu government for a Rs 4,995 crore investment to set up new manufacturing units. This comes alongside strong Q1 results, with profit up 47% and EBITDA surging 68%. Despite a YTD decline, technical indicators suggest continued bullish momentum for the stock.

Godfrey Phillips India s shares are set to gain attention following a robust 56% YoY increase in consolidated net profit for the June quarter of FY26. The company s board has approved a 2:1 bonus share issuance, with a record date fixed for September 16. This decision reflects management s confidence and aims to boost shareholder value and stock liquidity.