Latest Stock Market News

The Indian IPO market is undergoing a significant shift as valuations cool off and investor sentiment evolves.

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

Dhananjay Sinha from Systematix Group states that RBI’s measures like OMO purchases and CRR cuts have eased market pressure, creating positive sentiment, especially in the financial sector. Valuation corrections and improved liquidity are buoying markets. Defence spending remains resilient due to geopolitical contexts, while infrastructure spending by the government is seen as limited.

A key indicator of strong business momentum is the ability of a company to surpass its previous fiscal year’s revenue and net profit performance within the first nine months of the current financial year.

Wipro share price: The offerings are designed to build an AI-powered ecosystem that improves citizen experiences across key sectors such as banking, financial services, emergency response, healthcare, and education.

PEL has been established with an authorized and paid-up share capital of Rs 10,00,000, consisting of 100,000 equity shares of Rs 10 each. KCL will own a 50% equity stake in PEL, while the remaining shares will be held by Praneetha Ventures.

Foreign investors continued to offload Indian stocks, with the IT and consumer goods sectors experiencing significant selling in March. Concerns over the U.S. and Indian economies led to $3.5 billion in net sales, causing substantial declines in key indices. Recent policy measures failed to attract investors.

JM Financial has issued a buy recommendation for Baazar Style Retail with a target price of Rs 400. The brokerage forecasts substantial growth in revenue, profitability, and return on equity over the next few years, driven by store expansion and improving financial metrics. Promoters hold a significant stake, and the stock is trading at a discount, indicating potential for re-rating.

Pashupati Advani highlights the potential in new-age tech stocks such as Zomato, Swiggy, and Paytm after recent corrections. He also suggests considering traditional industries like infrastructure, steel, and cement supported by government spending. Defence companies are recommended due to global tensions. He advises caution with IT stocks due to uncertainties in US policies and AI advancements.