The two-wheeler major launched its share buyback on July 1 as it aimed to buy back 46.94 lakh shares or 1.68% of the total paid-up share capital, with the record date being fixed on June 24.
Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, to $68.84 a barrel. Both benchmarks had settled close to their pre-Iran war levels on Monday.
The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix Inc. shares dropped 1% after kicking off the formal marketing process for its US listing.
Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer for sale. Nestle announced the establishment of a new Global Capability Center in Hyderabad.
Neuberg Diagnostics plans an initial public offering in fiscal year 2028. The company aims to raise approximately ₹3,500-4,000 crore. A pre-IPO funding round will secure Rs 5000 crore for acquisitions. This expansion strategy targets pan-India growth and new diagnostic technologies. Neuberg expects to become the second-largest player in the diagnostics market.
Swedish firm EQT Partners plans a $400 million IPO for its platform Straive. The India-focused company is expected to be valued at $2.5 billion. EQT will likely sell a 15-20% stake in the upcoming offering. A draft prospectus is anticipated to be filed with Sebi in September. Straive provides data analytics and AI solutions to global enterprises.
Foreign investors bought Indian financials worth over fourteen thousand crore rupees. This marked their highest purchase in financials during the second half of June. Overseas investors became net buyers of Indian equities after significant earlier outflows. Global index rebalancing and value purchases boosted renewed investor appetite for financials. Financial services and infrastructure sectors are expected to remain favored by long-term investors.
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
Tata Capital is marketing its second dollar bond issue to raise funds. The non-banking finance company seeks to raise at least $300 million from investors. This transaction is expected to be a Regulation S offering open to global investors. Bankers Standard Chartered, HSBC, and MUFG are managing this debt issuance. The company plans to use these funds for its on-lending activities.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.