LinkedPrime
Jobs

Articles by Ananya Chaudhuri

4 articles found

Groww Share Price Surges Nearly 40% Since Listing
Business

Groww Share Price Surges Nearly 40% Since Listing

Groww's parent, Billionbrains Garage Ventures Ltd. share price surged nearly 40% since its listing last week. The market-cap of the newly-listed stock increased Rs 6,155 crore to Rs 11,368.61 crore as of 9:36 a.m. The stock has been on gaining spree since it was listed on Nov 12. In Tuesday's session, it surged 11.09%. Billionbrains Garage Ventures, backed by Microsoft Chief Executive Officer Satya Nadella, will use funds raised in the IPO fresh issue to expand margin trading, unsecured lending, wealth management, and possibly inorganic growth, as per offer documents. The IPO is structured as a mix of a fresh issue and an offer for sale by existing shareholders..Groww Share Price Extends Rally After Bumper Listing — Should You Buy, Sell Or Hold?.Discount stockbroker Groww-parent Billionbrains Garage Ventures Ltd. listed on the BSE, the stock debuted at Rs 114, a 14% premium over its issue price of Rs 100 apiece.The Groww IPO was subscribed 1.85 times on the final day of bidding. The price band for the offering was fixed between Rs 95 and Rs 100 per share, with an issue size totaling Rs 6,632.3 crore. The IPO had garnered a little over Rs 2,984 crore from anchor investors on Monday, including Abu Dhabi Investment Authority and the Government of Singapore.Nuvama calls Groww a “leader among retail brokers” and says its tech platform and user experience are key strengths. Arihant Capital recommends “Subscribe for listing gains”, saying its scalable model, high retention, and low costs make it a long-term winner. While Anand Rathi is also positive but calls it “fully priced”, advising “Subscribe – Long Term”..Groww Hits M-Cap Of Rs 1 Lakh Crore Within Week Of D-Street Listing.Billionbrains Garage Ventures share price jumped 11.09% to Rs 193.80 apiece. It was trading 5.30% to Rs 183.70 apiece as of 9:39 a.m. compared to 0.25% decline in the NSE Nifty 50 index. The stock surged 39.88% from its listing day. The relative strength index was at 185.9..Stock Market LIVE: Sensex Falls Over 340 Points, Nifty Declines 0.5% As HDFC Bank, RIL Shares Weigh

Indian Equities To 'Regain Mojo' In 2026, Says Morgan Stanley's Ridham Desai - Here's What He's Backing
Business

Indian Equities To 'Regain Mojo' In 2026, Says Morgan Stanley's Ridham Desai - Here's What He's Backing

In 2026, Indian equities will likely change its position as one of the worst performing markets among emerging markets in three decades, according to Morgan Stanley India's Managing Director Ridham Desai. The theme of 2026 will be stock-picking, compared to 'stock picking' in this calendar year. The long-term story is gaining strength with government policy in action. Policy pivot is backing the recovery in equities, Desai said. The Indian equity markets will likely reverse the worst performance relative to the emerging markets in 31 calendar years.In the next 12 months, earnings growth will go beyond mid-cycle slowdown experience as policy pivot has supported strong recovery in nominal growth, he said in the India Strategy note. The structural domestic bid remains intact. "Relative valuations are consistent with the improved forward performance," he said. .Goldman Sachs Expects Nifty To Hit 29,000 In A Year As It Upgrades India To 'Overweight'.Morgan Stanley forecasted 13% upside in the BSE Sensex index till December, 2026 in its base case scenario, said Desai. In the base case, the global brokerage also assumed that India will likely strike a deal with the US soon.It expects a 17% CAGR in the BSE Sensex earnings through financial year 2028. The brokerage also expects another 25-basis-point reduction in interest rate and a positive liquidity environment as the base case for monetary policy. Although retail investors will stay ahead of new supply, issuance will bunch up, Desai said in the note. .Greed & Fear: Jefferies Finds Property Stocks Attractive Amid Broader Valuation Concerns.Morgan Stanley recommends focusing on stocks impacted by domestic cyclical rather than the ones depend on external factors. The brokerage is overweight on Financials, Consumer Discretionary, Industrial, and Underweight Energy, Materials, Utilities, and Healthcare. .The biggest risk for India is a more-than-expected slowdown in the global economy, Morgan Stanley said. Although India can easily outperform a global sell-off given its low beta, but a slowdown in the global economy will cap absolute upside.

Studds Accessories Sets Price Band Rs 557–585 Per Share For IPO
Technology

Studds Accessories Sets Price Band Rs 557–585 Per Share For IPO

Studds Accessories Ltd. set the price band for its upcoming initial public offer at Rs 557–585 per share. The company is offering 77.9 lakh equity shares in the primary market for its market debut. Studds Accessories' IPO is an offer for sale with no fresh issuance. The IPO will open for subscription on Oct 30 and conclude on Nov 3. Promoter Madhu Bhushan Khurana will sell up to 38 lakh shares, and Promoter Sidhartha Bhushan Khurana will sell up to 8 lakh shares. Promoter Group member Chand Khurana will offload up to 21 lakh shares. Other sellers include Sanjay Leekha, Charu Leekha, and SE Shoes Private Limited, among others.IIFL Capital Services Limited and ICICI Securities Limited are the book-running lead managers for the Studds Accessories IPO.Studds Accessories will not receive any proceeds from the IPO as it is entirely offer for sales. The main object of the offer is to list the company on the exchanges. .Studds Accessories IPO: Helmet-Maker's Issue To Open On Oct 30—Five Things To Know From RHP.It is Studds Accessories's second attempt to list on the exchanges. The first time Faridabad-based helmet manufacturer filed papers for an IPO to Securities Exchange Board of India was in 2018, but put the plan on hold.Studds Accessories is the largest two-wheeler helmet manufacturer by volume in India. It is valued at over Rs 3,500 crore as per last transaction of shares in August 2024. In January this year, the company also allotted 1.96 crore bonus shares in a 1:1 ratio.The company reported a strong profit growth in the previous financial year. Its net profit grew 22% on the year to Rs 69.64 crore for the financial year ended March 31, 2025.Revenue from operations grew 10% on the year to Rs 583.82 crore in fiscal 2025, up from Rs 529.02 crore in the previous year..Studds IPO: Helmet-Maker's Second Attempt At Market Debut Gets SEBI Approval