Stocks

Sedemac Mechatronics IPO Opens March 4: Price Band Set at ₹1,187 to ₹1,352 Per Share Sedemac Mechatronics Ltd, backed by A91 Partners, Catamaran Ventures, and Xponentia Capital, has announced the price band for its upcoming initial public offering, with the issue set to open for subscription on March 4.The IPO will close for public subscription on March 6, while the anchor book for institutional investors will open on March 2.Sedemac Mechatronics IPO Price Band and Lot Size The company has fixed the price band at ₹1,187 to ₹1,352 per equity share. Investors can bid for a minimum of one lot comprising 11 shares and in multiples of 11 thereafter.Shares worth ₹1 crore have been reserved for employees, who will receive a discount of...

JPMorgan Raises Gold Price Forecast to $4,500, Sees Bullion at $6,300 by End-2026 JPMorgan has lifted its long-term gold price forecast to $4,500 per ounce and reiterated its projection that bullion could climb to $6,300 per ounce by the end of 2026, citing sustained institutional demand and ongoing portfolio diversification trends.The upward revision comes amid a strong rally in precious metals, with gold continuing to draw support from central bank buying and investor inflows.Gold Surges 20% This Year, Hits Multi-Week High Spot gold has advanced around 20% so far this year, touching a three-week high of $5,248.89 per ounce on Tuesday. The metal had earlier scaled a record peak of $5,594.82 per ounce on January 29, extending a...

HSBC India Profit Rises 11% to $1.9 Billion in 2025, Corporate Banking Leads Growth HSBC India Reports Strong Profit Before Tax Growth in 2025 HSBC India has reported an 11% year on year rise in profit before tax to $1.9 billion in 2025, up from $1.7 billion in the previous year, reflecting steady expansion across its core business segments.The performance reinforces India’s strategic importance within the global operations of UK based banking major HSBC Plc. India continues to be the second largest contributor to the group’s profit in Asia, after Hong Kong.Corporate and Institutional Banking Drives Earnings The corporate and institutional banking division emerged as the biggest contributor to profit before tax in India. The...

Oil Prices Edge Higher Ahead of US Iran Nuclear Talks as Middle East Exports Rise Global oil prices inched higher as markets assessed the upcoming US Iran nuclear talks and a surge in crude exports from key Middle Eastern producers, creating fresh uncertainty around future supply dynamics.WTI Near $66, Brent Below $71 as Traders Weigh Risks West Texas Intermediate traded close to $66 per barrel, while Brent settled below $71, reflecting a cautious market balancing geopolitical risks against expectations of ample supply later this year.Oil traders are navigating a complex backdrop. On one side are bearish projections of a potential global crude surplus in the coming months. On the other are mounting geopolitical tensions surrounding...

Clean Max Enviro Energy Solutions IPO Subscribed 0.99 Times on Final Day; Retail Demand Remains Muted Clean Max Enviro Energy IPO Sees Weak Overall Subscription on February 25 The initial public offering of Clean Max Enviro Energy Solutions Ltd closed with tepid investor participation on February 25, as the issue was subscribed 0.99 times on the third and final day of bidding.The mainboard IPO received bids for over 2.05 crore shares against 2.06 crore shares on offer, indicating that the issue narrowly missed full subscription.While institutional investors showed interest, participation from retail and non-institutional categories remained subdued.Category-Wise Subscription Details The subscription pattern reflected a sharp...

IRFC OFS Update: Government Declines Greenshoe Option; Shares to Remain in Focus on February 26 Shares of Indian Railway Finance Corporation Ltd. are set to remain in focus on Thursday, February 26, after the Government of India decided not to exercise the oversubscription or greenshoe option in its ongoing Offer For Sale.Government Restricts IRFC OFS to Base Offer of 2% In an exchange filing on Wednesday, IRFC stated that the government, which is also the promoter of the company, will not exercise the option to sell an additional 2 percent stake. The decision follows an undersubscription of 1.18 crore equity shares on Wednesday, when the OFS opened for non retail investors.As a result, the total offer size will remain at the base...

Nvidia Q4 Earnings Beat Estimates; Q1 FY26 Revenue Guidance Tops Street View Nvidia Corp delivers a stronger than expected fourth quarter performance and issues upbeat guidance for the first quarter of FY26. However, the stock reaction remains muted in extended trading despite the earnings beat and robust outlook.Q4 Revenue Jumps 73% Year on Year Nvidia reports quarterly revenue of $68.1 billion, exceeding analyst expectations of $66.21 billion. Earnings per share come in at $1.62, ahead of the projected $1.53.On a year on year basis, revenue rises 73 percent, underscoring continued demand for artificial intelligence infrastructure. The company now generates 91 percent of its total revenue from its data center segment, which...

Angel One Stock Split Takes Effect Today: Shares Trade Ex-Split from February 26 Shares of Angel One Ltd will trade with stock split adjustment starting Thursday, February 26, as the brokerage firm implements its approved 1:10 split.The company had fixed February 26 as the record date for the stock split. Investors holding shares in their demat accounts as of market close on Wednesday are eligible for the corporate action. Those purchasing shares on or after Thursday will not qualify for the split benefit.Angel One 1:10 Stock Split Explained Angel One announced a stock split in the ratio of 1:10. Under this structure, one equity share with a face value of ₹10 is subdivided into ten equity shares of ₹1 each.For instance, an...

SBI Life Insurance Declares Interim Dividend for FY26 SBI Life Insurance has announced an interim dividend of ₹2.70 per equity share for the financial year 2025 to 26. Shareholders whose names appear on the record date of March 6, 2026 will be eligible to receive the payout.The company stated that the dividend will be credited or dispatched on or before March 27, 2026.Tata Capital Housing Finance Approves ₹650.02 Crore Rights Issue Tata Capital Ltd said its wholly owned subsidiary, Tata Capital Housing Finance Ltd, has approved a rights issue of equity shares worth ₹650.02 crore to its parent company.The issue comprises equity shares with a face value of ₹10 each and will be executed in one or more tranches, strengthening the...

Shahzad Madon, Managing Director and CEO of TCG Asset Management, has reaffirmed his firm’s investment stance on IDFC First Bank, stating that recent developments surrounding the private lender have not altered its overall assessment.No Change in View on IDFC First Bank Addressing concerns related to recent issues at IDFC First Bank, Madon said the firm does not see any change in its view of the bank. He noted that, based on the current assessment, the situation appears likely to remain contained.Madon explained that the investment thesis is anchored in the bank’s ongoing scale-up, improving operating metrics, and a declining cost-to-income ratio. He pointed out that earlier infrastructure investments are beginning to deliver...

Green Bond Issue Targets Water Security and Urban Expansion The Nashik Municipal Corporation has tapped the bond market with a ₹200 crore green bond issue aimed at strengthening the city’s water infrastructure ahead of the upcoming Nashik Trimbakeshwar Simhastha Kumbh Mela and supporting long term urban growth.The Nashik Trimbakeshwar Simhastha Kumbh Mela is scheduled from October 31, 2026 to July 24, 2027. The major Hindu pilgrimage is expected to attract millions of devotees, placing significant pressure on Nashik’s water supply and civic systems.Nashik Mayor Himgauri Aher Adke and Municipal Commissioner Manisha Khatri confirmed that the funds raised will primarily be used to upgrade water treatment facilities and lay new...

BEL Bags Additional Defence Contracts Since February 6 Disclosure Navratna defence public sector undertaking Bharat Electronics Limited on Wednesday announced that it has secured additional orders worth ₹733 crore since its last disclosure on February 6, 2026.The newly secured contracts span a broad portfolio of defence electronics and associated systems. These include TR modules, communication equipment, encryptors, radars, jammers, software solutions, test equipment, upgrades, spare parts, and related services. The steady inflow highlights sustained demand across core defence electronics segments and system integration capabilities.Stock Trades Higher on Order Momentum Shares of Bharat Electronics were trading at ₹438.85, up ₹3.80...

A tightening global aluminium market is reshaping the metals investment landscape, with Kotak Institutional Equities identifying Vedanta as its top investment idea amid expectations of sustained price support and structural demand growth.Speaking at the “Chasing Growth 2026” conference, Sumangal Nevatia, analyst at Kotak Institutional Equities, outlined a constructive view on aluminium, citing a widening global deficit and constrained supply dynamics as key drivers.Global Aluminium Deficit Strengthens Price Outlook Nevatia said aluminium currently offers the strongest fundamentals among major commodities, as supply growth remains limited while demand continues to expand at a steady pace.He projected structural demand growth of 2%...

Shares of leading Indian solar manufacturers Waaree Energies Ltd., Premier Energies Ltd., and Vikram Solar Ltd. plunged by up to 15 percent on Wednesday, February 25, after the Trump administration imposed preliminary duties of 126 percent on solar imports from India.The sharp reaction on Dalal Street followed the release of documents detailing the new duty structure, which significantly raises the cost of Indian solar products entering the US market.Solar Stocks Under Pressure Waaree Energies fell as much as 15 percent during the session and is currently trading around 12 percent lower. Premier Energies declined up to 13 percent before attempting to recover from intraday lows, aided by its limited export exposure. Vikram Solar...

Domestic Steel Prices May See Another Round of Increase in Q4 FY26 Aditya Welekar, Senior Research Analyst for Metals at Axis Securities, has indicated that domestic steel prices could witness another round of hikes as the sector enters a seasonally strong quarter.According to him, the January to March period of FY26 typically remains robust for metal companies, particularly steel producers. He noted that March could potentially see fresh price increases, supported by improving demand trends and easing import pressure.He highlighted that import competition has reduced significantly. On an import parity basis, domestic prices are now nearly at par with Chinese imported steel prices. Earlier, domestic steel was trading at nearly a 12...

United Foodbrands Incorporates Qatar Subsidiary with QAR 200,000 Capital; MENA Arm Acquires 60% Stake Bengaluru, February 25, 2026 – United Foodbrands Limited (BSE: 543283 | NSE: UFBL) has incorporated a step-down subsidiary in the State of Qatar as part of its international expansion strategy in the Middle East food services market. The company informed exchanges that Barbeque Nation MENA Holding Limited, its wholly owned subsidiary domiciled in Dubai, has incorporated Barbeque Nation Restaurant W.L.L in Doha, Qatar, on February 24, 2026. Following the incorporation, the entity has become a step-down subsidiary of United Foodbrands Limited. Capital Structure and Shareholding Details As per Annexure-1 of the filing, the newly...

Angel One Stock Split: Shares Trade Adjusted from February 26 as 1:10 Split Takes Effect Shares of Angel One will begin trading on an adjusted basis from Thursday, February 26, following the implementation of its 1:10 stock split. The brokerage firm had earlier fixed February 26 as the record date for the corporate action.Angel One 1:10 Stock Split Explained Under the approved stock split, each equity share with a face value of ₹10 has been subdivided into 10 equity shares with a face value of ₹1 each. This means that for every one share held before the split, investors will now hold 10 shares after the split.Shareholders who held Angel One shares in their demat accounts as of the close of trading on Wednesday are eligible for the...

Mumbai, February 25, 2026: Univastu India Limited (NSE: UNIVASTU) has secured a major infrastructure contract worth ₹4,85,67,40,122.15, approximately ₹485.67 crore, along with €2,679,469.73, for critical systems work on Mumbai Metro Line 6. The company received a Letter of Acceptance dated February 24, 2026, from IRCON International Limited for the execution of power supply, traction, and E&M systems for the Swami Samarth Nagar to Vikhroli (EEH) corridor. The development comes as Univastu India’s shares surged 12.57 percent to ₹71.00 on February 25, reflecting strong investor interest following the order win. Contract Details and Scope of Work The awarded project covers:Design, manufacture, supply, installation, integration, testing...

Jefferies Flags Buying Opportunity in Auto-Component Stocks; Bharat Forge, Motherson, Sona BLW Top Picks Global brokerage firm Jefferies has identified a fresh buying opportunity in Indian auto-component stocks with strong global exposure, citing a turnaround in earnings revisions after a prolonged phase of downgrades.The brokerage has named Bharat Forge, Samvardhana Motherson International, and Sona BLW Precision Forgings as its preferred picks within the sector.Earnings Downgrades in FY27 Now Reversing According to Jefferies, consensus estimates for financial year 2027 earnings per share faced significant cuts throughout calendar year 2025.On average, FY27 EPS for the selected auto-component companies was reduced by 17 percent...

Vedanta Board Clears ₹3,000 Crore Non Convertible Debenture Issue Vedanta Ltd has approved a proposal to raise up to ₹3,000 crore through the issuance of non convertible debentures. The decision was cleared by the company’s board on Wednesday, February 25.According to the company’s exchange filing, Vedanta will issue unsecured, rated, listed and redeemable non convertible debentures through a private placement route. The company plans to issue up to 300,000 NCDs, each with a face value of ₹1,00,000, aggregating to a total fundraising of up to ₹3,000 crore.The proposed debt issuance is structured as a private placement and will add to the company’s funding avenues as it continues to manage its capital structure.BofA Securities...