Latest Stock Market News

Waaree Energies shares rose after the company reaffirmed its U.S. manufacturing commitment and regulatory compliance, despite a U.S. Customs and Border Protection inquiry. The probe investigates allegations of mislabeling Chinese-made solar components as Indian to circumvent tariffs. Waaree is cooperating, expressing confidence in its compliance, and does not expect additional duties.

Indian public sector banks have transformed into powerful wealth creators, multiplying investor wealth over five times since FY20, with their combined market cap surging to Rs 16.40 lakh crore. This re-rating is fueled by fundamental improvements like drastically reduced NPAs, strong RoA, and outperforming private banks in loan growth.

Devang Mehta of Spark Capital notes Indian markets face global headwinds but maintain resilience due to domestic growth drivers. He highlights limited tariff impact on pharma generics and identifies consumption, capex, and credit growth as key long-term drivers. Mehta recommends investment themes like financialization of savings and the capex cycle, remaining optimistic despite recent market volatility.

Nine IPOs are scheduled to list tomorrow, following a period of significant primary market activity. Grey Market Premiums (GMPs) for these issues indicate mixed investor sentiment, ranging from a modest 2% to a more robust 12%, suggesting cautious trends despite varied subscription rates across the listings.

Pace Digitek IPO: The IPO is now quoting at a 5.5% premium to its issue price of Rs 219 in the grey market, sharply lower than the earlier 14% premium.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

Suba Hotels will launch its initial public offering on September 29. It aims to raise Rs 75.47 crore from 67.99 lakh shares. The price band is Rs 105 to Rs 111 per share. The issue closes on October 1. Anchor investors like Mukul Agrawal have already invested. Funds will support capital expenditure.

Fabtech Technologies will launch its IPO on September 29. The Rs 230 crore issue will close on October 1. The price band is set at Rs 181–191 per share. Strong grey market signals indicate potential listing gains. Funds will support working capital and acquisitions. Fabtech provides biopharma engineering solutions. The company showed strong financial growth in FY25.

Om Freight Forwarders will open its Rs 122 crore IPO on Monday. The three-day issue closes on October 3. Shares are expected to list on October 8. The price band is Rs 128-135 per share. The company reported increased revenue and profit for FY25. Funds will acquire commercial vehicles. Market watchers note a modest grey market premium.