Audio book platform Kuku files confidential papers for up to Rs 3,500-cr IPO
Kuku Technologies, operator of Kuku FM and Kuku TV, is planning a Rs 3,000 crore IPO. The company aims for a Rs 15,000 crore valuation. Funds will boost technology, AI, and content. Kuku’s revenue surged significantly, nearing operational break-even. The IPO is expected later this financial year. This move signals strong growth in India’s digital […]
Jefferies initiates coverage on Poonawalla Fincorp with Buy rating. Why are analysts bullish?
Jefferies has initiated coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490. The brokerage sees strong growth potential driven by a new leadership team and an expanded product range. Poonawalla Fincorp is expected to achieve the fastest AUM growth among major NBFCs. Profitability is also projected to improve significantly, […]
ICICI Bank shares fall 10% in 6 months. Here’s why Motilal Oswal sees 41% upside potential
Motilal Oswal Financial Services maintains a ‘Buy’ rating on ICICI Bank, projecting a 16% loan CAGR and sustained profitability despite recent stock underperformance. The brokerage highlights the bank’s robust asset quality, strong liability franchise, and cost leadership, anticipating a significant upside potential of 41% with a target price of Rs 1,750.
LIC shares slip after Sebi’s crackdown on Rajesh Exports. What’s the connection?
Regulator Sebi has issued an interim order against Rajesh Exports and its promoter, Rajesh Mehta. The company faces allegations of significant financial irregularities and non-cooperation. Sebi’s findings suggest a large portion of reported revenue may have been inflated. This development has led to a decline in Rajesh Exports’ shares and impacted LIC’s stock.
Did Trent shares really crash 34% in one day? Here’s how the bonus math works
Trent shares, the parent company of Zudio and Westside, turned ex-bonus on Thursday after its maiden 1:2 bonus issue, making the stock appear nearly 34% lower at the open. The sharp decline was purely due to the price adjustment for the bonus shares and did not represent a loss in shareholder value. On an adjusted […]
Dividend alert! Last date to buy RIL shares for Rs 6 dividend
Reliance Industries has set June 5 as the record date for its final dividend of Rs 6 per share for FY26, making June 4 the last day to buy shares for eligibility. The company’s stock has seen a decline in the short term, with a 17% drop year-to-date in 2026.
JBM Auto up 5% as co’s e-bus market share hits 49% in May
JBM Auto shares climbed over 5% after the company emerged as India’s leading electric bus manufacturer in May 2026, capturing a 49% market share. Strong registration growth, expanding electric mobility adoption and sustained leadership in the EV bus segment boosted investor sentiment, while the stock continued to display positive technical momentum.
Rajesh Exports stk hits 5% lower circuit after Sebi says 97-99% revenue inflation
Sebi has issued an interim order against Rajesh Exports and promoter Rajesh Mehta, alleging extensive financial irregularities and possible revenue overstatement. The regulator found prima facie evidence that 97-99% of the company’s reported revenue may have been inflated, barring Mehta from dealing in securities pending further investigation.
Suzlon Energy shares rise 2% after firm announces foray into solar, battery storage businesses under ‘Suzlon 2.0’
Suzlon Energy shares gained on Thursday after the company unveiled its ‘Suzlon 2.0’ strategy, expanding beyond wind energy into solar and battery storage solutions. The company aims to build a 15 GW order book by FY31, quadruple renewable energy sales and strengthen its position as a full-stack renewable energy player.
Lenskart falls 2% on Softbank’s Rs 2,873-cr stake sale
Lenskart Solutions share price dipped 2% on Thursday as SoftBank affiliate SVF II Lightbulb (Cayman) sold a significant stake. Global and domestic institutional investors, including funds managed by Goldman Sachs and Fidelity, acquired these shares. This transaction, valued at approximately Rs 2,873 crore, saw strong participation.