GAGA Share Market News

[hfe_template id='11223'] [ad_1] In a sharp critique of India's IPO ecosystem, veteran investor and GQuant Investech founder Shankar Sharma has described the Indian public markets as the “dumbest in the history of IPO markets”, a sentiment triggered by the recent pre-IPO activity surrounding Lenskart.Sharma pointed to what he called a systemic pattern of retail investor manipulation and flawed post-IPO rationalizations, questioning both the process and the pricing strategies of India’s new-age IPOs. Speaking to NDTV Profit, Sharma said that a "beautiful little game" is being played on small investors by deploying psychological tactics like “anchoring bias.” He argued that IPO-bound companies, supported by marquee anchor investors, build an artificial sense of legitimacy and price justification that collapses after listing. Live Events He added, “Nobody asks if at 25 thousand crore, it is still worth it. Everything gets anchored at the IPO price.” Lenskart S...

[hfe_template id='11223'] [ad_1] Shares of Reliance Industries Ltd (RIL) will be in the spotlight on Friday, October 31, after the company announced a major partnership with Google and also saw a stake purchase worth Rs 44 crore by Bank of America via a block deal. RIL, through its subsidiary Reliance Intelligence Limited, unveiled a strategic partnership with Google to accelerate artificial intelligence (AI) adoption across India. As part of the collaboration, Google will roll out its AI Pro plan free of cost for 18 months to eligible Jio users. This plan, valued at Rs 35,100 per user, includes access to Google's Gemini 2.5 Pro model, advanced image/video generation models (Nano Banana and Veo 3.1), Notebook LM for research, and 2 TB of cloud storage. The rollout begins with Jio users aged 18–25 on unlimited 5G plans and is expected to expand rapidly to all Jio users. In addition, Reliance Intelligence has been named a strategic partner for Google Cloud in India. Th...

[hfe_template id='11223'] [ad_1] Bandhan Bank shares fell 5.9% to an intraday low of Rs 160.40 on BSE on Friday, October 31, after the private sector lender reported a sharp decline in earnings for the July-September quarter of FY26. The bank posted a net profit (PAT) of Rs 110 crore, down 88.1% year-on-year (YoY) and 69.9% sequentially. Net interest income (NII) stood at Rs 2,590 crore, down 11.8% YoY and 6.1% quarter-on-quarter (QoQ), while total net revenue came in at Rs 3,140 crore, a decline of 11.5% YoY and 10.0% QoQ. Operating profit fell to Rs 1,310 crore, marking a 29.4% YoY and 21.5% sequential drop. Gross advances rose 7.2% YoY and 4.8% QoQ to Rs 1,40,040 crore. The share of the secured book improved to 54.9%, up 790 basis points (bps) YoY and 278 bps QoQ. Live Events Total deposits increased 10.9% YoY and 2.2% QoQ to Rs 1,58,070 crore, while retail deposits climbed 16.1% YoY and 6.3% QoQ to Rs 1,12,130 crore. The CASA ratio stood at 28%, down 521 bps YoY but ...

[hfe_template id='11223'] [ad_1] Shares of United Spirits Ltd rallied as much as 7% to their day’s high of Rs 1,488 in morning deals on Friday, October 31, after the company reported a solid set of numbers for the second quarter of the financial year 2026. During the quarter under review, United Spirits’ consolidated net profit rose 36% to Rs 464 crore from Rs 341 crore reported in the same quarter of the previous financial year. Its revenue from operations came in at Rs 7,199 crore, marking a 8% versus Rs 6,672 crore posted in the corresponding quarter of the previous fiscal year. EBITDA came in at Rs 660 crore, marking a 31.5% rise, primarily driven by strong performance in the standalone business, the company said in a press release statement on October 30. Praveen Someshwar, CEO and Managing Director, said the company delivered a strong quarter both in topline and EBITDA growth, in line with expectations despite regulatory headwinds in Maharashtra. “Looking ahead, th...

[hfe_template id='11223'] [ad_1] Market regulator Securities and Exchange Board of India (SEBI) has imposed a cap on the weights of top constituents in non-benchmark indices such as Bank Nifty, in a move aimed at reducing concentration risk and ensuring broader market representation. Under the revised framework, the top constituent's weight cannot exceed 20%, while the combined weight of the top three stocks must be capped at 45%. The new norms, issued through a circular under Section 11 of the SEBI Act, apply to popular non-benchmark indices, including BANKNIFTY, BANKEX, and FINNIFTY. SEBI has also introduced a minimum constituent requirement, mandating that each of these indices must comprise at least 14 stocks to qualify for derivative trading. This is expected to make the indices more diversified and reflective of the underlying sector or theme. In line with the new rules, exchanges have been directed to rebalance the weights of the existing constituents. Live Ev...

[hfe_template id='11223'] [ad_1] Shares of Japan's Kansai Electric Power Co were up 5% in Tokyo on Friday, outperforming the wider market, after the country's biggest nuclear power utility lifted its profit forecast and promised generous shareholder returns. Kansai, in which U.S. activist investor Elliott became a large minority shareholder last month, lifted its annual profit forecast by 22% to 360 billion yen ($2.4 billion) on Thursday, on higher electricity demand and stronger-than-expected earnings at its fuel trading unit. It also increased its full-year dividend forecast to 75 yen per share from 60 yen and promised a consolidated payout ratio target of 25-35% from the next fiscal year. Kansai's shares were up 5.2% by 0512 GMT, outperforming the wider Nikkei index which was 1.9% higher. The stock has risen around 7% since September 10, when Elliott disclosed its shareholding. Shares in Tokyo Gas , where Elliott is a shareholder since November 19 last ...

[hfe_template id='11223'] [ad_1] Finance Buddha (Finbud Financial Services Ltd), backed by ace investor Ashish Kacholia and the MS Dhoni Family Office, is set to launch its SME IPO to raise Rs 71.68 crore, with the public issue opening for subscription on November 6, 2025, and closing on November 10, 2025. The company has fixed a price band of Rs 140 to Rs 142 per equity share and plans to list its equity shares on NSE Emerge on November 13, 2025. The IPO comprises a fresh issue of 50,48,000 equity shares, aggregating to Rs 71.68 crore at the upper end of the price band. The offer is entirely a fresh issue, with no Offer for Sale (OFS) component. The company stated that the proceeds from the IPO will be utilised for expansion initiatives, upgrading its proprietary technology platform, and entering new and emerging markets. Also Read: Bitcoin shows signs of recovery, hovers near $109K after profit booking-led pullback Live Events Founded in 2012 by Vivek Bhatia, Parth Pa...

[hfe_template id='11223'] [ad_1] Hindustan Petroleum Corporation Ltd (HPCL) shares surged 1.8% to a new 52-week high of Rs 477 on the BSE on Thursday, October 30, after the company reported a sharp rise in profitability for the September quarter. HPCL’s consolidated profit after tax (PAT) jumped to Rs 3,859 crore in Q2 FY26, compared to Rs 143 crore in the same quarter last year — marking a massive 2,598% year-on-year (YoY) surge. For the first half of FY26, consolidated PAT stood at Rs 7,970 crore, up nearly tenfold from Rs 777 crore in H1 FY25. On a standalone basis, quarterly PAT increased more than five times to Rs 3,830 crore, against Rs 631 crore in Q2 FY25. Revenue from operations rose modestly to Rs 1,10,323 crore in Q2 FY26, compared to Rs 1,08,196 crore a year ago. For the first half of the fiscal, revenue stood at Rs 2,30,458 crore, slightly higher than Rs 2,29,074 crore in H1 FY25. The board also declared an interim dividend of Rs 5 per share, with November 6...

[hfe_template id='11223'] [ad_1] Shares of Ixigo parent company Le Travenues Technology nosedived as much as 19.3% to their day’s low of Rs 262 on the NSE on Thursday, October 30, after the company reported a net loss in the quarter ended September 30. For the quarter under review, the company reported a net loss of Rs 3.4 crore versus a net profit of Rs 13 crore reported in the same quarter of the previous financial year. It must be noted that in Q2FY26, the company reported a loss before tax, share of loss of associates, and exceptional items of Rs 2.5 crore, which included a one-off ESOP expense of Rs 26.9 crore. Excluding this one-time impact, profit before tax stood at Rs 24.4 crore, marking a 26% year-on-year increase. Ixigo, an Indian online travel portal, reported a 37% increase to Rs 283 crore in its revenue from operations in Q2FY26 from Rs 206.4 crore posted in the corresponding quarter of the previous fiscal year. Also Read: Bitcoin consolidates near $114K a...

[hfe_template id='11223'] [ad_1] Shares of Dr. Reddy’s Laboratories fell as much as 5.7% to an intraday low of Rs 1,181.60 on the BSE on Thursday, October 20, after the company disclosed that it had received a Notice of Non-Compliance (NON) from the Pharmaceutical Drugs Directorate of Canada. The notice pertains to the company’s Abbreviated New Drug Submission (ANDS) for its Semaglutide Injection. In an official statement, Dr. Reddy’s clarified that the NON outlines requests for additional information and clarifications on specific aspects of the submission. The company assured that it will submit a response promptly and within the stipulated time period. “We have received a Notice of Non-Compliance (NON) from the Pharmaceutical Drugs Directorate, Canada, regarding our Abbreviated New Drug Submission (ANDS) for Semaglutide Injection. The NON outlines requests for additional information and clarifications on specific aspects of the submission. We will submit a response at...

[hfe_template id='11223'] [ad_1] The top five early backers of online brokerage Groww are set to cash out with extraordinary gains as the Bengaluru-based fintech gears up for one of India’s most anticipated IPOs of the year. The Offer for Sale (OFS) in Groww’s public issue will see marquee investors, including Peak XV Partners, Y Combinator, and Ribbit Capital, collectively pocket around Rs 4,340 crore, unlocking returns of up to 5,135%. The IPO, which opens on November 4 and closes on November 7, has been priced in the range of Rs 95–100 per share, valuing Groww’s parent company, Billionbrains Garage Ventures, at around $8 billion (Rs 70,400 crore). The issue will comprise a fresh issue of Rs 1,060 crore and an OFS of 55.72 crore shares by early investors. Peak XV, Y Combinator lead the windfall race Among the top sellers, Peak XV Partners Investments VI-1 is set to offload 15.83 crore shares, originally bought at a weighted average cost of Rs 1.91 per share. The fund’s...

[hfe_template id='11223'] [ad_1] Coal India shares jumped 1% to their day’s high of Rs 386.10 on the BSE on Thursday, October 30, after the state-owned miner declared its financial results for the second quarter ended September 2025. The company reported a 30% year-on-year (YoY) decline in consolidated net profit, which stood at Rs 4,354.24 crore for Q2 FY26 compared to Rs 6,249.10 crore in the same quarter of the previous year. The decline in profitability comes as the company faced higher expenses and weaker revenues during the quarter. Total expenses rose by 7.7% YoY to Rs 26,421.46 crore in Q2 FY26, up from the previous year’s levels. Revenue from operations also took a hit, dipping 3.2% YoY. It came in at Rs 30,186.7 crore in Q2 FY26, slightly lower than Rs 31,181.89 crore reported in Q2 FY25. On a broader basis, the company's total income fell by 1.1% YoY, settling at Rs 31,181.89 crore during the quarter. Despite the overall fall in earnings and income, the co...

[hfe_template id='11223'] [ad_1] Vodafone Idea shares tumbled as much as 12.4% on Thursday to Rs 8.21 on the BSE, as the Supreme Court’s written order on the company’s adjusted gross revenue (AGR) dues narrowed the scope of relief that investors had been cheering earlier this week, wiping out much of the optimism surrounding the telecom operator’s long-awaited turnaround. The written judgment, issued on Thursday, clarified that the Supreme Court’s 27 October order allowing the Centre to reconsider Vodafone Idea’s AGR dues pertains only to the peculiar facts and circumstances of the case and applies exclusively to the company. It also stated that the plea restricted its claim only to the additional AGR demand of Rs 9,450 crore, effectively limiting the review to that portion of the dues. Narrower relief than expected Crucially, the order made no mention of Vodafone Idea’s earlier plea seeking a waiver of penalty, interest, and interest on penalty, a central demand that an...

[hfe_template id='11223'] [ad_1] Shares of JSW Steel rallied as much as 3.3% to their day’s high of Rs 1,224 on the NSE on Wednesday, October 29, after Nifty Metal surged for the sixth session in a row and gained over 6% over the same period. Given the strong performance in the index, JSW Steel is also up for a fourth consecutive session and has risen 7.5%. Earlier this month, JSW Steel reported its results for the second quarter ended September 2025, posting an impressive 307% YoY surge in its consolidated profit after tax (PAT) at Rs 1,646 crore, while its revenue from operations recorded a 12% YoY growth. The revenue from operations stood at Rs 42,149 crore in Q2FY26, up from Rs 37,496 crore posted in the year-ago period. However, the company noted that its Q2 PAT was 25% lower on a QoQ basis. Adjusted EBITDA rose 39% year-on-year (YoY), supported mainly by higher volumes and lower costs of iron ore, coking coal, and power, though partially offset by a decline in real...

[hfe_template id='11223'] [ad_1] Blue Dart Express shares surged as much as 13% to Rs 6,249 on Wednesday after the logistics major reported strong September-quarter earnings, reigniting investor optimism in a stock that had lagged for much of the year. The rally followed a 29.5% year-on-year rise in net profit to Rs 81 crore from Rs 63 crore, driven by improved efficiency and higher shipment volumes. Revenue rose 7% to Rs 1,549.3 crore, while EBITDA climbed 15.6% to Rs 251.9 crore, with the operating margin expanding to 16.3% from 15.1% a year ago. Festive tailwinds ahead Blue Dart said the third quarter is typically its strongest, driven by festive demand and a surge in year-end shipments. The company also announced an annual price hike of 9–12%, effective January 2026, to “offset cost inflation and maintain service quality.” Technicals turn bullish The stock has gained 13% over the past month, though it remains down 9.6% year-to-date. Technically, momentum has strength...

[hfe_template id='11223'] [ad_1] India’s stock markets are in the middle of a transformation that is both profound and precarious. A generation ago, equity investing was the preserve of a small, urban elite, bound to brokers, research reports, and a handful of financial dailies. Today, because of reforms carried out by SEBI, the RBI, and the finance ministry, the market’s reach has spread far beyond its traditional base. The numbers tell the story. Demat accounts, which numbered just 3.6 crore in 2019, have surged to over 19 crore by mid-2025, with more than 16 crore held through CDSL alone. As of September 23, 2025, the total number of investor accounts registered with the NSE stood at 23.5 crore. The mutual fund boom has added further depth: 5.4 crore investors now participate through systematic investment plans, with a doubling of small-ticket SIPs under ₹500, many from tier-III towns. The democratization of market access is real and visible. Investors are no longer t...

[hfe_template id='11223'] [ad_1] Shares of Newgen Software Technologies surged 16% in just two trading sessions to hit a high of Rs 896.35 on the BSE on Wednesday. The rally came after the company posted a 16% year-on-year (YoY) rise in its profit after tax (PAT) to Rs 82 crore for the quarter ended September 30, 2025, compared to Rs 70 crore in the same period last year. Following the Q2 numbers, domestic brokerage firm ICICI Securities upgraded the stock’s rating to ‘Hold’ from an earlier ‘Reduce’. The company also posted a strong 11% YoY growth in consolidated revenue from operations, which stood at Rs 401 crore in Q2 FY26, up from Rs 361 crore in Q2 FY25. The quarterly PAT margin improved to 20.4%. Annuity revenue streams—which include ATS/AMC, support, and cloud/SaaS and subscription licenses—contributed Rs 234 crore during the quarter, while subscription revenue alone jumped 20% YoY to Rs 126 crore. Revenue from the sale of products/licenses stood at Rs 74 crore an...

[hfe_template id='11223'] [ad_1] SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF), managed by SBI Mutual Fund, have invested Rs 100 crore in eyewear retailer Lenskart Solutions Limited through a pre-IPO transaction at a transfer price of Rs 402 per equity share. The investment comes ahead of Lenskart’s Initial Public Offering (IPO), scheduled to open on Friday, October 31, 2025. Also Read | Silver ETFs down up to 28%: Buy the dip or stay away? As part of the transaction, Neha Bansal, one of Lenskart’s promoters, who held 7.61% of the company’s pre-offer paid-up equity share capital (on a fully diluted basis) prior to the transfer, sold 2,487,561 equity shares. Following the transaction, her stake stands at 7.46% on a fully diluted basis. The share sale is not part of the IPO’s Offer for Sale.Last week, billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), invested around Rs 90 crore in Lenskart through a pre-IPO transaction, according to...

[hfe_template id='11223'] [ad_1] India’s metal stocks are in melt-up mode. The Nifty Metal Index surged for a fifth straight session on Tuesday, up 4% in five days as traders piled into steel and non-ferrous names amid a confluence of bullish factors, from surging global prices to technical breakouts on the charts. Here are the five key forces driving the rally, and what they could mean for investors betting on the next leg of the metal cycle. 1. Global metal prices are on fire Hindalco and Vedanta gained up to 2% on Tuesday as global metal prices extended their climb. Copper has surged above $10,600 per tonne, aluminium is firm near $2,850, and iron ore remains buoyant, supported by a weaker dollar and tightening supplies.“The Nifty Metal index’s rally is underpinned by a perfect confluence of global and domestic tailwinds,” said Harshal Dasani, Business Head, INVasset PMS. “China’s renewed export restrictions on rare earth minerals have created a scarcity premium, boos...

[hfe_template id='11223'] [ad_1] Shares of electronic commodity derivatives exchange platform Multi Commodity Exchange (MCX) slipped as much as 2.2% to their day’s low of Rs 9,105 after it announced that trading had been halted and will commence in due course on Tuesday, instead of the usual opening time, due to a technical issue. The exchange had initially asked members to note that the trading would start at 9:30 AM due to technical issues. Trading will start from DR. Inconvenience is regretted,” the company. In its third update within an hour, the Multi-Commodity Exchange (MCX) announced that the temporary trading halt would be extended, with operations now scheduled to begin at 10:30 AM on Tuesday, postponed from the previously communicated time of 10:00 AM. As of 11:53 am, trading hasn’t commenced yet. While the exchange did not provide further details on the nature of the technical glitch, it confirmed that operations would resume from its Disaster Recovery (DR) si...

[hfe_template id='11223'] [ad_1] Dream11 Group, once the undisputed leader in India’s fantasy gaming space, is preparing to make a bold pivot into the country’s stock broking industry after a government ban on online money games dealt a severe blow to its primary business. According to a report in Mint newspaper, the Tencent-, TPG-, and Tiger Global-backed unicorn has applied for a licence to enter the stock broking business. The move comes as Dream11 looks to leverage its massive user base of over 260 million to tap into India’s fast-expanding retail investment landscape. “The company is looking to capitalize on its captive user base from before the real-money gaming ban. Online equity broking is a natural adjacency,” the Mint reported added. The government’s September ban on online money games effectively ended Dream11’s paid fantasy sports contests — its core revenue driver. In response, the company has since shifted to a free-to-play, ad-supported model, while explor...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average slipped from a record high on Tuesday, as investors locked in profits after a fast-paced rally, with a stronger yen weighing on sentiment. The Nikkei fell 0.58% to end at 50,219.18, after falling as much as 0.8% during the session. The broader Topix closed 1.18% lower at 3,285.87. The indexes extended losses as the yen strengthened after U.S. Treasury Secretary Scott Bessent called for "sound monetary policy" during his meeting with Japanese counterpart Satsuki Katayama. The comments were seen as a blow to the Bank of Japan, which had been raising interest rates slowly. Live Events "The market sold stocks as they thought the yen would not weaken any further," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency.Toyota Motor an...

[hfe_template id='11223'] [ad_1] Marcellus Investment Managers’ Global Compounders Portfolio, launched three years ago from its GIFT City hub, has crossed Rs 300 crore in assets under management (AUM) across its portfolio management, alternative investment, and advisory platforms. The strategy, which invests in high-quality global businesses across North America, Europe, and Asia, has delivered annualised returns of 27.3% in rupee terms since its inception in October 2022, the firm said in a press release. Saurabh Mukherjea, founder of Marcellus Investment Managers, said the milestone underscored the firm’s efforts to help Indian investors access leading international companies while staying compliant with domestic regulations through the GIFT City framework. “When we launched this portfolio, our goal was to enable Indians to participate in the growth of world-class enterprises, not just those listed at home,” the press release stated. “Three years later, we’ve built a s...