Latest Stock Market News

SpiceJet shares saw a sharp uptick on Thursday following announcements of network expansion and winter flight operations. The low-cost carrier is launching new routes to popular destinations like Port Blair and Udaipur, alongside special Diwali flights to Ayodhya. This expansion, including fleet growth, aims to capitalise on seasonal demand and enhance domestic connectivity.

India’s internet stocks, led by Ixigo, CarTrade, and Nykaa, have surged up to 80% in three months on earnings recovery and strong revenue growth. Analysts highlight improved profitability, business diversification, and favourable macro trends, though caution that recent rallies are not risk-free.

Tata Steel shares rose after the European Commission proposed new measures to protect the EU steel industry from global overcapacity. The plan, part of the EU Steel and Metal Action Plan, aims to replace the current safeguard expiring in June 2026 and strengthen the long-term viability of the steel sector.

Canara Robeco Asset Management Company s Rs 1,326 crore IPO opens on October 9. The issue is priced between Rs 253 and Rs 266 per share. Analysts are optimistic about its long-term prospects. The fund house focuses on retail investors and has a strong AUM expansion. Its financial performance shows consistent growth. This IPO is seen as a steady, long-term investment.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Rubicon Research s Rs 1,377 crore IPO opens on October 9. The specialty and generics pharmaceutical manufacturer offers shares at Rs 461-485. Grey market premium indicates strong listing expectations. Arihant Capital recommends subscribing due to growth and product pipeline. The company shows a financial turnaround with surging revenue and profit. This IPO offers exposure to a fast-scaling pharma exporter.

Tata Consultancy Services announces its Q2 results today. Investors anticipate subdued growth and minimal margin changes. The company navigates challenges including employee separation, wage adjustments, and uncertain US demand. Key factors to watch include the impact of layoffs, US market outlook, revenue growth, and margin performance. Mega deals and vertical performance are also under scrutiny.