Latest Stock Market News

HP Telecom India will debut on the NSE SME platform today after a modestly subscribed IPO, raising around Rs 34 crore. The company is an exclusive distributor of Apple products in key states and recently secured rights for Nothing in Gujarat to diversify its offerings.

Rail Vikas Nigam Ltd (RVNL) has secured a Rs 135.66-crore contract from Central Railway for the Bhusaval-Khandwa section. The project, aiming to enhance railway freight capacity within 24 months, involves the design, supply, and commissioning of 132/55 KV traction substations and posts. RVNL shares saw a recent decline despite significant historical gains.

Nukleus Office Solutions IPO was subscribed just over 1x, with a marginal GMP of Rs 0. The share allotment will be finalized today, and listing is scheduled for March 4. The proceeds are aimed at capital expenditure, technology platform development, new centre establishment, and brand visibility enhancement.

Balaji Phosphates Rs 50 crore SME IPO will open for public bidding on Friday. The IPO price is set between Rs 66-70 per share, with reservations for institutional, retail, and non-institutional investors. The funds will be used for capital expenditure, working capital, and corporate purposes.

Finance Secretary Tuhin Kanta Pandey has been appointed as the next SEBI chief, succeeding Madhabi Puri Buch. Buch s tenure, which ends on February 28, was marked by regulatory challenges and allegations, including those related to her investments in offshore funds linked to the Adani Group.

The government has appointed Tuhin Kanta Pandey as the new chairperson of Sebi, succeeding Madhabi Puri Buch. Pandey, an IAS officer with extensive public policy experience, will serve an initial term of three years. Buch faced allegations of conflict of interest in a probe against the Adani Group but denied any wrongdoing.

Rich valuation amid rising uncertainty in demand from the US, its largest market, is expected to keep the stock range-bound in the short term, while sustained momentum in deal wins and expected margin expansion will keep long-term prospects intact.

Tata AIA began operations in 2001. It initially held a 26% foreign stake, which increased in 2016 after the foreign direct investment (FDI) cap was raised and currently owns 49% of the joint venture. AIA operates in 18 markets, including India, Mainland China, Hong Kong SAR, Thailand, and Singapore, with total assets of $286 billion as of December 31, 2023.

Of the 44 companies that have secured Securities and Exchange Board of India (Sebi) approval for their IPOs, most have deferred plans to the next quarter, with some even considering lowering valuations and issue sizes, according to market participants.

India s largest cement company has plans to invest ₹1,800 crore over the next two years, and the plant is expected to be commissioned by December 2026. UltraTech shares ended 5% lower on Thursday.