Tata Capital plans Indias largest 2025 IPO of Rs 17,200 crore on October 6. Proceeds will boost Tier-1 capital, supporting lending growth. Grey market trades at Rs 29; valuation ~$18 billion.
HSBC reiterates Buy on Eternal, raising its target to Rs 390, citing strong scale, margin leadership, and robust cash reserves. Swiggy remains on Hold due to slower margin growth, high cash burn, and execution risks, despite rising average order values. Eternal outperforms in quick commerce and food delivery segments.
Foreign portfolio investors (FPIs) offloaded Rs 16,422 crore worth of Indian equities last week, driven by concerns over valuations and new policy measures of US government but the sentiment is set to reverse, analysts said on Sunday.
20 IPOs open soon on Dalal Street; Fabtech leads with 18% GMP, others show 610% or flat. Early grey market activity hints at listing gains and investor interest.
Equity mutual funds saw broad losses last week, with 554 of 578 schemes ending in the red and only 24 posting gains. Nifty50 and Sensex fell over 2%, while global indices also slipped. Quant Commodities Fund, Motilal Oswal schemes, and tech funds ranked among the biggest losers.
Pharma and IT stocks faced heavy pressure after Trumps 100% tariff and H-1B visa fee hike, dragging Nifty lower. Laurus Labs showed a topping pattern while Wockhardt stayed in consolidation. Nifty IT broke support, hinting further downside. Analysts suggest cautious trading, with Tata Motors and VTL offering potential bullish setups.
