After record fund-raising activity in 2024 and 2025, companies have become more cautious in 2026 as geopolitical tensions and sharp swings in the secondary market have made issuers rethink their listing plans. Prime Database data showed that Indian companies raised a record ₹1.76 lakh crore through 103 mainboard IPOs in 2025, eclipsing the previous high…
Rohit Srivastava, Founder and Strategist at Indiacharts.com and Strike Money, remains positive on metals and financials despite recent market volatility. He said the correction in metal stocks is a normal pullback within a longer-term commodity upcycle, while financials are benefiting from improving market breadth. Srivastava prefers sectors linked to economic growth and is cautious on…
Agarwal pointed to this dynamic as a key trigger. “The rupee depreciation has been one of the reasons for persistent FII selling… with this development, we may see some recovery in the INR, and some part of FII selling may subside,” he said. This, in turn, could act as a tailwind for banking stocks and…
Taiwan Semiconductor Manufacturing Co. reported a 30% rise in its monthly sales, reflecting continued strength in demand spurred by a global rush to build AI infrastructure. Revenue in May was NT$416.98 billion ($13.2 billion), with combined April and May sales up around 24% from a year ago, according to Bloomberg calculations. Analysts are looking for…
DAM Capital initiated coverage on PhysicsWallah Ltd. on Tuesday, June 9, giving it a ‘Buy’ rating and a target price of ₹140 per share. The target implies a potential upside of nearly 32% from the base price of ₹105. DAM Capital described PhysicsWallah as India’s largest full-stack education platform, highlighting its freemium, content-first business model…
Veliyath said investors should focus on individual businesses rather than sectors, as stock performance has varied significantly even within the same segment. Veteran investor Porinju Veliyath remains constructive on India’s long-term economic and equity market prospects, saying the recent correction in small- and mid-cap stocks has created fresh opportunities for selective investors. In an interaction…
Macquarie reiterated its “Outperform” rating on Lenskart Solutions Ltd. on Wednesday, June 10, and raised its price target to ₹600 per share, citing sustained growth momentum and improving profitability. The revised target implies a potential upside of about 19% from Tuesday’s closing price of ₹503.4. The stock was trading largely unchanged at around ₹502 on…
The company fixed June 5, 2026, as the record date to determine shareholder eligibility for the buyback, which is the largest in Wipro’s history and the first in nearly three years. The proposed buyback size represents about 7.04 per cent of the company’s market capitalisation and 5.7 per cent of its paid-up equity share capital,…
Astra Microwave Products Ltd. (AMPL) has announced that its Board of Directors has approved a Scheme of Arrangement to demerge its Space, Meteorology, and Hydrology business into its wholly-owned subsidiary, Astra Space Technologies Pvt. Ltd. (ASTPL). The decision, finalized at a board meeting on June 10, 2026, aims to create two distinct, sector-focused listed entities….
Brokerage firm Jefferies has reiterated its positive stance on Indian steel companies, arguing that elevated valuation multiples should not be a deterrent for investors, given the sector’s earnings cyclicality and improving profitability outlook. The brokerage on Wednesday, June 10, noted that valuation remains a key concern for investors at current stock prices. JSW Steel is…
