Latest Stock Market News

The IPO comprises a fresh issue of 45.57 lakh shares, with a total fundraising target of approximately Rs 102.53 crore. The subscription window closes on August 5, and the company is slated to list on the NSE SME platform on August 8.

Bajaj Auto is expected to report subdued Q1FY26 results on August 6, with modest revenue growth and pressure on margins due to commodity inflation and regulatory costs. Brokerages have mixed views on net profit, forecasting a range of -4% to +4% YoY change.

Pankaj Murarka of Renaissance Investment Managers believes tariffs economic impact will be moderate. He anticipates consumption will remain unaffected due to its domestic focus, despite a post-Covid economic slowdown. Murarka forecasts a 12-13% CAGR return, with potential earnings recovery in financials and consumer sectors in the second half of the year.

Raamdeo Agrawal of Motilal Oswal Financial Services projects India s stock market to double in four years, adding Rs 400 lakh crore. He emphasizes the untapped potential of over 1,300 profitable unlisted companies, estimating they could unlock Rs 150 lakh crore in market value through listing. Agrawal urges private firms to tap public markets for wealth creation and growth.

The Indian rupee slipped to a record low of 87.65 against the U.S. dollar on Monday due to strong greenback demand from oil companies and importers despite a weaker Dollar Index. Limited RBI intervention and foreign investor equity outflows also added pressure.

Chanakya Opportunities Fund I, part of Steptrade Capital, has invested over 15% in Polite Powertech’s pre-IPO round, supporting its growth in power infrastructure. The move aligns with government initiatives like RDSS and Green Energy Corridor II, focusing on sustainability and grid reliability.

Since its launch, the BSE SME platform has enabled companies to raise Rs 10,652 crore, with their combined market capitalisation reaching Rs 1.84 lakh crore. The average SME IPO size has jumped to Rs 32 crore since January 2023, nearly three times the earlier Rs 11 crore average recorded between March 2012 and December 2022.

The Indian rupee extended its decline on Tuesday on the back of escalating trade tensions with the United States, although likely central bank intervention prevented the currency from breaching record low levels.