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Meta Infotech debuted strongly on the BSE SME platform, listing at Rs 225, a 39.75% premium over its IPO price. The Rs 80.18 crore public issue was heavily oversubscribed, particularly by HNIs. Proceeds will be used for debt repayment, a new Mumbai office, and general corporate purposes, following a year of significant revenue and profit growth.
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News and Media
Antique Stock Broking reveals its preferred Indian banking stocks. The list includes major players like Axis Bank, HDFC Bank, and SBI. Smaller banks such as Ujjivan and Equitas also show strong potential. The brokerage anticipates gains from the third fiscal quarter of 2026. Some stocks may rally up to 50 percent. Near-term consolidation is expected in the banking sector.
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News and Media
Alok Agarwal highlights a divergence in market growth, where Nifty 500 firms grew by 11% last quarter, while Nifty 50 companies only saw 3.5% growth. Index heavyweights like oil, FMCG, banking, and tech are lagging, while sectors like electronics, real estate, and building materials are performing well but are underrepresented in major indices.
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News and Media
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