Latest Stock Market News

Pine Labs’ Rs 3,900 crore IPO opens on November 7 with steady investor interest, a 7% GMP, and optimism around its fintech growth and profitability turnaround.

Gen Z professionals are prioritizing early property ownership, leveraging investment gains to achieve financial independence. Digital real estate platforms like Alt DRX enable fractional ownership, allowing young investors to access property returns without substantial upfront costs. This tech-enabled approach facilitates diversification and smarter real estate investment for a future-ready portfolio.

India s Goswami Infratech, a Shapoorji Pallonji Group unit, is set to complete a 250 billion rupee bond issue by end-January to refinance existing debt. The two-year zero-coupon bond will be secured by the group s stake in Tata Sons. This potential issuance aims to diversify funding sources and secure a lower coupon than its previous bond.

Ajmera Realty & Infra, backed by ace investor Mukul Agrawal, announced a 1:5 stock split after delivering 336% returns in three years. The multibagger’s Q2 profit fell 14% YoY to Rs 30 crore, while revenue rose 10% amid steady long-term growth.

Investment bankers are proposing a valuation of up to $170 billion for Jio Platforms Ltd., potentially leading to a record-breaking IPO for Reliance Industries wireless carrier. This valuation would position Jio among India s top companies, with the listing expected in the first half of 2026. Revised listing regulations may impact the total funds raised.

An ETMutualFunds analysis revealed that 12 equity mutual funds, including Parag Parikh Flexicap, Quant Smallcap, HDFC Midcap, and Nippon India Smallcap Fund, consistently delivered over 20% CAGR across three, five, and seven-year periods. The study covered 177 equity funds with over seven years of track record, excluding hybrid, sectoral, and thematic schemes. Quant Smallcap Fund and Invesco India Midcap Fund emerged as top performers across timeframes.

Mutual funds are investing in IPO anchor books, raising concerns about potential overvaluation. Fund houses clarify their rationale, emphasizing long-term potential and portfolio fit over hype. Exposures remain minimal, guided by strict regulatory frameworks and internal research models evaluating business fundamentals, governance, and market position.

Britannia Industries’ Q2 profit rose 23% YoY to Rs 655 crore, driven by cost control and stable commodity prices. The company also appointed Rakshit Hargave as its new CEO.

Groww’s IPO enters Day 2 with 57% subscription and strong retail demand, while brokerages including SBI Securities, Religare, and Anand Rathi recommend a ‘Subscribe’ rating. The IPO, trading at a 14.75% grey market premium, reflects strong retail participation and optimism around the fintech’s robust growth and profitability.

Brokerage firms remain optimistic on key stocks across the banking, infrastructure, and pharmaceutical sectors, citing improving earnings visibility and stable margins. Elara Capital has raised its target prices for City Union Bank and Ambuja Cement, while Choice Institutional Equities sees a 30% upside in R R Kabel. Motilal Oswal maintains a Buy on Gland Pharma, and ICICI Securities continues to recommend GAIL with a 17% upside potential.