Latest Stock Market News

Shri Ahimsa Naturals IPO was highly successful, being oversubscribed over 60 times. The IPO closed on Thursday with share allotment finalized soon after. The company plans to raise Rs 74 crore for corporate purposes and investments, further enhancing its product line with Green Coffee Bean Extracts and Caffeine Anhydrous Natural.

Active Infrastructures IPO received a subdued response with 1.05x subscription, reflecting a muted GMP of zero ahead of its NSE SME platform listing. The company, specializing in infrastructure and commercial construction, emphasizes quality, safety, and client satisfaction across India.

Rapid Fleet Management s shares are set to debut on NSE SME at a flat or negative listing due to a GMP of Rs 0. The company raised Rs 44 crore through an IPO for vehicle purchase and other needs. Providing specialized logistics services, the firm owns 226 trucks and utilizes advanced tech for operations.

Zen Technologies secures a Rs 152 crore order from the Ministry of Defence for an Integrated Air Defence Combat Simulator. This new contract underscores the company s innovative capabilities and its focus on developing indigenous technologies for defence forces. Shares target an average price of Rs 1,740 with a Strong Buy recommendation.

Sandip Sabharwal advises investors to remain positive despite fears of tariffs and global conflicts. He highlights opportunities for gains in the Indian market, particularly in financials, NBFCs, construction, and capital goods sectors. Sabharwal suggests moving away from heavily competitive quick commerce stocks like Zomato and Swiggy, and considers buying stocks such as Avenue Supermarts.

Mayuresh Joshi, Head Equity at Marketsmith India, highlights strong prospects for Kotak and ICICI Bank in the private sector, and SBI and Bank of Baroda in the public sector. Auto sector standouts include TVS Motors and Maruti, with Swaraj Engines recommended for retention. Intense competition may affect wire stocks, and consumer durables are preferred over EMS stocks.

The Rs 16 crore SME IPO of Aten Papers and Foam is open for subscription from March 28 to April 2. Offering 33 lakh fresh equity shares at Rs 91-96 per share, it aims to raise funds for capital expenditure and other purposes. The allotment will be finalized on April 3, with shares expected to list on April 7.

India s IPO landscape is buzzing, with several big-ticket listings lined up for the coming months.

Indian equity markets corrected significantly in February, with Nifty down ~6%, driven by global trade tensions, weak earnings, and FPI outflows. However, signs of stabilization are visible.