Coforge shares climb 2% as stock trades ex-split for the first time
Coforge shares: The company set June 4, 2025, as the record date to identify shareholders entitled to receive the split equity shares. As part of the corporate action, each equity share with a face value of Rs 10 has been divided into five shares with a face value of Rs 2 each.
Zinka Logistics shares rise 3% after Quick Routes, and other investors pare stakes in bulk deals
Zinka Logistics shares: Quick Routes International, an early and significant investor in Zinka Logistics, fully exited its position on Tuesday by offloading its entire 9.01% stake through two bulk deals worth Rs 672 crore. NSE data shows that the investor sold more than 1.59 crore shares at prices ranging from Rs 420.06 to Rs 420.25 […]
How is India benefiting from supply chain diversification away from China? Morgan Stanley’s Chetan Ahya explains
Morgan Stanley’s Chetan Ahya highlights India’s growing advantage over China due to tariff differences. American companies are considering increased imports from India. Government policies are significantly boosting manufacturing and exports. Electronics manufacturing is expanding beyond mobile phones. Infrastructure development will further strengthen India’s manufacturing exports. Optimism in Indian equity markets aligns with positive economic fundamentals.
NR Vandana Textile shares to list today. Here’s what GMP indicates
NR Vandana Textile is set to debut on the NSE SME platform today after a successful Rs 9.49 crore IPO that was oversubscribed 101 times. The IPO price was fixed at Rs 45 per share, with grey market premiums suggesting a listing price of around Rs 54, potentially offering investors a 20% gain.
US stocks end higher on Nvidia, trade talks hopes
Wall Street saw gains on Tuesday. Nvidia and other chip companies helped boost the market. Investors are watching for possible trade talks between the U.S. and its partners. Trump and Xi are expected to speak soon. The market is reacting to new economic data. Wells Fargo is free from its asset cap.
Ganga Bath Fittings IPO opens today: Check GMP, price band and other details
Ganga Bath Fittings launched its IPO on June 4, aiming to raise Rs 32.65 crore through a fresh issue of shares, with listing planned on NSE SME. The company, known for its bathroom accessories under brands like Ganga and Glimpse, will use IPO proceeds for expansion and debt repayment.
Asian shares rise at open after US jobs surprise
Asian stocks experienced an initial surge following positive US labor market data, mitigating concerns about the impact of trade tensions. South Korean stocks notably led the gains after the election of a new president. Despite warnings from the OECD regarding the global economic downturn caused by trade policies, US markets demonstrated resilience, driven by encouraging […]
FPIs exercise caution in Indian IPO market amidst volatility in 2025
Foreign portfolio investors are showing caution in the Indian primary market. IPO investments are down compared to last year. However, the average IPO size has doubled. FPIs are now selective, focusing on new-age tech companies. Secondary market investments rebounded in May. Overall, FPIs were net sellers in the first five months of 2025, despite recent […]
Banks park big money with ‘rival’ mutual funds
In 2025, Indian banks are unusually investing heavily in mutual funds, with investments surging 91% to ₹1.19 lakh crore. This shift is driven by suboptimal credit growth, surplus liquidity, and favorable market conditions. Banks are primarily utilizing liquid and money market schemes for higher short-term returns, rather than direct lending.
Can rising EPS estimates restore investor confidence despite tariff uncertainties?
Analysts are raising earnings per share (EPS) estimates for many large companies after Q4, reversing previous downgrades. This positive shift is attributed to increased government spending and a rise in consumer demand. The Nifty’s EPS is projected to grow significantly, driven by accommodative monetary policy and continued government investment, boosting investor confidence.