Highway Infrastructure Ltd shares surged 75% within an hour of debuting on the BSE, hitting the 5% upper circuit. Backed by strong IPO demand, robust financials, and sector tailwinds, brokerages Angel One and Bajaj Broking have given the stock a Subscribe for long term.
Donald Trump has extended the deadline for new China tariffs by 90 days. This move creates uncertainty in the market. Experts believe inflation data will be key. Tariffs could elevate inflation, impacting US consumers. The Federal Reserve may cut rates due to a slowing economy. A weak job market might force a larger rate cut.
Ime Capital's Ashi Anand highlights the strong performance of new-age digital platforms like Paytm. These companies are exceeding profitability expectations. Quick-commerce losses are peaking faster than anticipated. Zomato's results have been positive. Anand also discusses Tata Motors, noting the strength of its domestic business. However, JLR faces challenges due to tariffs and competition.
Highway Infrastructure is set to list on the stock exchanges today. Its IPO saw massive oversubscription across all categories. The IPO price was Rs 70 per share. Grey market trends suggest a strong listing, potentially near Rs 94. The company operates in tollway collection, EPC projects, and real estate. IPO funds will support working capital and general corporate needs.
Regaal Resources will launch its Rs 306 crore IPO, closing on August 14, with a price band of Rs 96-102 per share. The IPO comprises a fresh issue and an OFS by the promoter group. Proceeds will be used to repay borrowings. Brokerages recommend subscribing, citing the company's strategic location, efficient procurement, and diversified product portfolio.
Investors await JSW Cement IPO allotment finalisation. The IPO witnessed 7.7 times subscription, driven by institutional interest. Allotment status can be checked via Kfin Technologies or the BSE website. Refunds and demat credit are expected soon. JSW Cement will list on BSE and NSE. Proceeds will fund a new cement unit and debt repayment. Market sentiment will influence listing performance.
Asian stock markets saw gains at the opening bell. Investors are awaiting the release of a crucial inflation report from the United States. This report is expected to influence the Federal Reserve's decisions on interest rates. The Nikkei-225 index in Japan experienced a notable increase. Meanwhile, Chinese stocks are under scrutiny following President Trump's extension of tariff pauses.
