Latest Stock Market News

LG Electronics India has received SEBI approval for its Rs 15,000 crore IPO, an all-offer-for-sale by LG Electronics Inc. The company dominates India s consumer electronics market and manufactures most of its products locally. Listing follows Hyundai Motor India’s IPO.

Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction.

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements.

Gold prices climbed by Rs 600 to revisit the all-time high of Rs 89,450 per 10 grams in the national capital on Thursday amid a firm global trend, according to local marketmen. The precious metal of 99.9 per cent purity had settled at Rs 88,850 per 10 grams on Wednesday.

Super Iron Foundry s SME IPO closed with a 1.56x subscription, raising ₹68 crore. The retail portion saw 1.79x demand, while GMP suggests a 14% premium over the ₹108 issue price. Proceeds will support working capital and debt repayment.

Despite market volatility, 56 stocks have retained multibagger status, delivering up to 760% returns since March 2024. Smallcaps like Ashika Credit Capital, Aayush Art, and Indo Thai Securities led gains, significantly outperforming the broader market, which returned only 1.6%.

Indian benchmark indices closed lower as trade war concerns outweighed inflation optimism. MTNL surged 11%, while PB Fintech, Gensol Engineering, and realty stocks declined. Bank of Baroda gained amid PSU Bank strength.

Sachin Shah from Emkay Investment Managers provides insights on market volatility and investment opportunities in largecaps, midcaps, and the IT sector. He believes that largecaps offer better risk-reward at present, while IT companies, despite current uncertainties, can deliver strong returns. He also highlights the potential in the banking sector and anticipates a return of FII investments in the near future.

Blackstone will acquire a 14.3% stake in Kolte-Patil Developers through a Rs 417 crore preferential allotment, followed by a 25.7% stake purchase from promoters. This strategic move grants Blackstone governance rights and strengthens its presence in India’s real estate sector.