IREN shares fell over 8% after a weaker-than-expected Q4, with revenue and adjusted earnings missing estimates. However, AI Cloud revenue surged, while contracted ARR targets signal strong growth. The company’s transition from Bitcoin mining to AI infrastructure brings significant expansion potential, but heavy capital spending remains a key investor concern.
India’s flexible workspace sector posted its strongest-ever first half in 2026, with operators leasing 191,306 seats across the country’s top eight cities, up 68.4% year-on-year. Flex operators also recorded 8.4 million sq ft of leasing, accounting for nearly 20% of total office leasing activity.
Yatharth Hospital shares jumped over 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake in the hospital chain. Yatharth denied being in any sale discussions, while the stock hit a fresh 52-week high and has gained around 50% in 2026.
Tokyo’s core inflation accelerated for a third straight month in August, strengthening expectations that the Bank of Japan could raise interest rates in September. Core CPI rose 1.8% year-on-year, slightly above forecasts, while a measure excluding fresh food and fuel climbed to 2%, adding to rate-hike pressure.
Priority Jewels has launched its IPO today, August 28, 2026, with subscriptions open for three days. The shares are currently seeing a brisk 19% premium in the grey market, with anchor investors already committing Rs 27.45 crore. The funds raised will mainly help in repaying debt and supporting general corporate needs. The company is known for its exquisite diamond-studded gold and platinum jewelry designs.
The company has set the IPO price band at Rs 408–429 per share for its Rs 720-crore public offering. The subscription window will remain open from August 28 to September 1, 2026. The IPO consists entirely of a fresh issue of 1.68 crore shares.
Four Nifty500 stocks gained over 4% as their RSI crossed above 50, signalling strengthening momentum. Bombay Burmah, Whirlpool of India, NMDC Steel and Wockhardt recorded rising RSI levels, highlighting potential bullish momentum for traders.
Great Eastern Shipping shares are likely to remain in focus after the company announced a share buyback worth up to Rs 900 crore. The board approved repurchasing up to 58.82 lakh shares, or 4.12% of paid-up equity capital, through the open market route. The maximum buyback price is Rs 1,530 per share, a 15.99% premium to Thursday’s close.
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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