Malpani Pipes and Fittings' IPO allotment will be finalized today, with a subscription over 140 times due to high demand from non-institutional investors. Investors can check allotment status via BSE or Link Intime India. The IPO, priced at Rs 90, aims to fund machinery purchases, debt repayment, working capital, and corporate purposes.
Earnings results for several companies, including Power Grid, Divi's Labs, and Tata Chemicals, will be released soon. Power Grid is expected to report modest growth, while Divi's Labs anticipates significant increases in net profit and revenue. Other notable companies announcing results are General Insurance Corp and Aditya Birla Capital. Stay tuned for important financial updates.
Consumer-oriented stocks gained traction post-budget with Maruti Suzuki, Bajaj Finance, and Eicher Motors showing significant strength. Other stocks such as Laurus Labs, Havells India, Aditya Birla Fashion, Britannia Industries, and Jubilant FoodWorks are also expected to benefit from increased domestic consumption and positive technical indicators.
As per the DRHP, Embassy Buildcon plans to sell up to 33.46 million shares, while Ariel Way Tenant, through which WeWork Inc holds stake in the Indian company, is seeking to offer about 10.3 million shares.
Under the proposed mechanism, the regulator has suggested creating a unique UPI address for registered market intermediaries, making it easier for investors to confirm that they are paying only registered entities. The proposed UPI payment limit for capital market transactions is set to 5 lakh per day, higher than the current 2 lakh limit. This will be evaluated periodically in consultation with National Payments Corporation of India (NPCI).
At 81,903.7 crore ($9,491.6 million), FPI outflow in January was the highest since last October which recorded the highest monthly outflow of 1.1 lakh crore ($13,556 million), according to data from NSDL. In the primary market, net investment by FPIs slowed to 3,877 crore ($448.7 million), the lowest in seven months owing to slower activity in the IPO segment during January amid weakness in the broader market.
Money managers and analysts are betting on investors shifting money out of industrials to consumer-oriented stocks in consumer goods, consumer discretionary and automobile sectors in the foreseeable future,
