Shein shares fell 8% on their Hong Kong debut despite strong IPO demand, reflecting concerns over slowing growth, tariffs, trade restrictions, valuation and competition. The fast-fashion giant is diversifying into third-party marketplaces and lifestyle categories, but investors remain cautious about whether Shein can sustain growth and profitability amid rising challenges.
Milky Mist Dairy Food shares rallied over 9% after the dairy products maker reported a nearly tenfold year-on-year jump in Q1 profit to Rs 65 crore, while revenue rose 43.6%. Stronger margins and robust growth across key categories, including yoghurt, ice cream, cheese and paneer, supported the performance.
AI hardware demand helped sustain manufacturing growth across several Asian economies in August, with China, Japan and South Korea recording expansion. Strong semiconductor and technology exports supported factory activity, while Taiwan, Malaysia and the Philippines also grew. However, the prolonged Middle East conflict and rising costs pose risks to the region’s outlook.
Retail investors reduced holdings in 1,051 NSE-listed stocks in the June quarter, even as these stocks gained an average 35.79%. This outpaced the 24.22% average rise in 1,130 stocks where retail ownership increased, suggesting investors may have exited some winners too early.
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the performance, with two-wheeler exports rising 53%. Commercial vehicle sales also grew 22%, while the company’s April-August sales increased 29% year-on-year.
Purple Style Labs IPO enters its second bidding day with subdued demand and a GMP of around 1%, down from 5%. The Rs 680-crore issue has seen limited subscription, while ongoing losses and high valuation concerns weigh on sentiment despite strong revenue growth, celebrity backing and expansion of Pernia’s Pop-Up Shop.
India’s new 20-minute Closing Auction Session (CAS) absorbed a record $4.2 billion in MSCI-linked trades on Monday, but sharp price swings persisted despite the surge in volumes. Around 60 stocks hit their 3% price limits, highlighting concerns over thin liquidity and the lack of market makers, which could be crucial for the system’s long-term success.
Japan’s Nikkei slipped 0.2% on Tuesday as investors rotated out of heavyweight technology and AI-linked stocks amid rising government bond yields and elevated oil prices. The broader Topix gained 0.5%, with auto and utility stocks supporting the market, highlighting a shift in sector leadership.
Five Nifty500 stocks showed rising RSI above 50 on August 31, signalling strengthening momentum and potential upward price movement.
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