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JM Financial maintains a Buy call on Sun Pharmaceutical Industries, setting a revised target price of Rs 2025. Sun Pharma s Q4FY25 results showed an 8% YoY top-line growth, driven by India formulations and global specialty sales, despite a decline in US formulations. Future growth hinges on Ilumya s Phase 3 data, Leqselvi s launch, and the Checkpoint Therapeutics acquisition.

Global natural gas demand is surging, driven by industrial growth in developing nations. The International Energy Agency reports a 2.7% rise in 2024, exceeding pre-pandemic levels. Asia accounts for 40% of this increase. Industrial and power sectors are key drivers. Despite rising demand, gas prices remain subdued. China s consumption is set to increase by 6.5%.

ICICI Securities recommends buying Honasa Consumer shares, setting a target price of Rs 400. The firm anticipates revenue growth for Honasa. They project significant increases in EBITDA and PAT through FY27. While reducing FY26 EPS estimates, ICICI Securities maintains a positive outlook. Key risks include competition and execution challenges. The brokerage reaffirms its BUY rating, citing potential for margin recovery.

Jerome Powell spoke during the university’s baccalaureate service, addressing students and faculty at a time of continued scrutiny of the Federal Reserve.

Balkrishna Industries shares: Although the company s revenue grew by 5% year-on-year to Rs 2,838 crore and EBITDA edged up by 1% to Rs 703 crore, its EBITDA margin declined by 115 basis points year-on-year, settling at 24.78%.

The Indian Rupee saw a significant rise against the US dollar in early trading. This appreciation is supported by a weaker dollar index and positive movement in domestic stock markets. Foreign fund inflows and a large dividend announcement from the Reserve Bank of India also boosted the rupee. Market participants are awaiting key economic data releases this week.

Indian government bond prices recovered from initial losses on Monday, buoyed by expectations of further monetary policy easing despite a lower-than-expected surplus transfer from the Reserve Bank of India. Traders anticipate at least 50 basis points more in rate cuts in the coming months. Investors are now awaiting India s GDP data and the central bank s policy decision in early June.

Groww, the Indian online investment platform, has confidentially filed draft papers with the market regulator for an IPO aiming to raise between $700 million and $1 billion. The IPO will include a fresh issue of shares and stake sales by existing investors.

Aegis Vopak Terminals launched its IPO on May 26, aiming to raise ₹2,800 crore through a fresh issue of shares. Initial subscription rates were modest, with retail investors showing more interest than other categories. The funds will be used for debt repayment, acquiring a cryogenic LPG terminal, and general corporate needs, with shares expected to list on June 2.