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The shares of Eco Mobility and Hospitality are set to debut on the exchanges on Wednesday with a grey market premium of Rs 160. Despite the company not receiving any proceeds from the IPO, it reported a significant year-on-year revenue and profit increase in FY24. Investors show robust interest with a 64 times subscription rate.

Pramod Amthe of InCred Capital remains cautious on defence and railway sectors, favoring FMCG stocks like Marico and Britannia. He highlights promising opportunities in auto companies such as Hero MotoCorp and Maruti as well as Ashok Leyland in CVs. Amthe sees potential in capex-led capital goods and expects strong growth in the two-wheeler segment.

The article discusses investment strategies for senior citizens like Rajiv Tandon, who seek low-risk monthly income. Alekh Yadav from Sanctum Wealth recommends hybrid funds, such as balanced advantage funds, and systematic withdrawal plans (SWP). These options provide stability and favorable tax treatment. He also suggests considering equity savings funds and new hybrid funds post-Union Budget 2025 changes.

By around noon, the retail individual investors’ quota had been subscribed 5.5 times, while the non-institutional investors’ category saw 22 times subscriptions. The allocation for qualified institutional bidders was booked at 87% or 0.87 times.

For investors, spotting consistent performers can be a valuable strategy. ETMarkets has identified seven stocks that have gained over 10% each month for the past five months of FY25.

Benchmarks use a straightforward rule of reward and reprimand for periodic asset adjustments: high-performing stocks are included, while underperformers are removed. This rebalancing ensures that an index accurately mirrors its intended market segment. The NSE Indices Committee has recently announced the September 2024 semi-annual reshuffle, impacting major indices.

The broader Topix, with its lower proportion of tech companies and other exporters, advanced 0.64%. A sub-index of value shares rallied 0.91%, outperforming a 0.35% rise in growth shares.

​In fact, in this calendar year, the first seven months or first eight months for which we have the data, we are seeing the total domestic inflows into the equity market from all sources, be it SIPs, be it mutual fund, be it direct stocks.

I would look at companies which are specifically focusing on brands, that is where the valuation comfort comes and that is where you can give higher valuation also to those companies.

Defence stocks have corrected significantly in the past month. Experts advise against bottom fishing and suggest waiting for clear signs of market reversal. Cochin Shipyard, Garden Reach, and Mazagon Dock are among the top losers. Stable names like HAL and Bharat Electronics might lead if overall market conditions recover.