Sansera Engineering shares rallied after Goldman Sachs raised its target price to Rs 4,990 from Rs 4,500 while retaining its Buy rating. The revised target implies 16.1% upside, with the stock already up over 140% in 2026. Goldman sees investments by Applied Materials and Lam Research in India supporting local supplier ecosystems and R&D, potentially driving longer-term growth for Sansera’s ADS component business.
Ligent Technologies shares surged nearly 19% in their Hong Kong debut after the Chinese fibre-optic communications equipment maker raised HK$5.67 billion through its IPO. The stock opened above its offer price and gained further before paring back some gains. Strong retail and institutional demand drove the closely watched listing debut.
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100 target, implying 33% upside, citing strong demand, volume growth and Polycab’s distribution strength.
With the 10-year government bond yield moving above 7%, investors are once again facing a key question: is this an opportunity to lock in attractive yields, or could rates move even higher from here?
The Rs 708-crore IPO is a book-built issue comprising a fresh issue of 2.16 crore shares worth Rs 320 crore and an offer for sale (OFS) of 2.62 crore shares worth Rs 388.02 crore. The issue will remain open until September 24, with allotment expected to be finalised on September 25. The shares are proposed to list on both the NSE and BSE on September 29.
The SME IPO segment is set for a busy session today, with Vama Wovenfab, Shakti Polytarp and Quanto Agroworld scheduled to make their stock-market debuts on September 22, 2026.
Pine Labs shares will be in focus today as Mastercard Asia Pacific is likely to sell up to 49.7 million shares (4.3% stake) worth Rs 892.5 crore via a block deal. The floor price is fixed at Rs 179.50 per share. Meanwhile, Motilal Oswal initiated coverage with a Buy rating.
Bitcoin pulled back to about $85,500 after a surge of 13% in four days, supported by broader risk-asset gains, ETF inflows, bullish options positioning, and corporate buying. Analysts debate whether momentum reflects renewed conviction or short covering. Despite improved sentiment, elevated oil prices, Treasury yields, and competition from AI investments remain significant headwinds.
Brent crude futures for November rose 74 cents, or 0.75%, to $101 a barrel. US West Texas Intermediate (WTI) crude for October, which expires on Tuesday, gained 41 cents, or 0.43%, to $96 a barrel.
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