Goodluck India shares appeared to plunge 66% after adjusting for the company’s 2:1 bonus issue, but the stock was down only around 4% on an adjusted basis. Here’s how the bonus issue affects the share price, eligibility, dividend and investor holdings.
Augmont Enterprises has raised Rs 246.29 crore from 14 anchor investors ahead of its IPO, allotting 31.25 lakh shares at Rs 788 each. Mutual funds accounted for 44.27% of the anchor allocation. The Rs 825-crore IPO, comprising a fresh issue of Rs 620 crore and OFS of Rs 205 crore, opens August 21.
Hindustan Zinc shares rose 4% as silver prices climbed for a third straight session, taking the stock’s two-day gain to 7%. The company, one of the world’s leading silver producers, continues to benefit from strong fundamentals and a favourable outlook for the metal. Its Q1 FY27 net profit surged 145% YoY to Rs 5,469 crore, while margins improved.
RailTel Corporation of India shares gained nearly 4% after the company secured a Rs 164.79 crore work order from Western Coalfields Limited, taking its August order wins to five worth around Rs 551.44 crore. The latest contract involves setting up an MPLS VPN network on a rental basis for 60 months, adding to the company’s growing order pipeline across key public-sector and infrastructure segments.
US public debt has crossed $40 trillion as its fiscal position worsens and Treasury yields move closer to levels that could threaten equities. Jefferies strategist Christopher Wood flagged a rise above 5% in the 10-year US Treasury yield as a key risk trigger, with the yield recently at 4.69%.
Jefferies has initiated coverage on Anthem Biosciences with a Buy rating and Rs 1,050 target, implying around 20% upside. The brokerage is bullish on the company’s integrated CRDMO model, strong return ratios and growth prospects, forecasting 18% revenue CAGR through FY29. Key triggers include new commercial molecules and biosimilar launches, while customer concentration and high capex remain key risks.
US Treasury Secretary Scott Bessent’s bond-buyback push has offered only limited relief, with long-term Treasury yields rising again. Investors remain focused on the wider pressures driving borrowing costs higher, including the growing fiscal deficit, heavy government debt issuance, persistent inflation and uncertainty over Federal Reserve policy.
On Friday, Indian equity markets faltered after an initial upturn, influenced by rising Brent crude prices nearing $94 and increasing US bond yields. Contrarily, the midcap and smallcap indices displayed resilience, climbing into positive territory. Market analysts predict a stable trading environment as crude prices stay high, while the Nifty VIX falling below 11 suggests a reduction in volatility and a boost in investor confidence.
In FY26, small Indian traders suffered a staggering seventy percent of the losses in the futures and options market, while proprietary desks and foreign investors thrived with notable profits. Many individual traders faced dire financial setbacks from rapid declines in short-dated options. Meanwhile, institutional players leveraged sophisticated algorithms and trading techniques, exacerbating the inequity in the market landscape.
South Korean shares rose on Friday, led by gains in Samsung Electronics and SK Hynix after U.S. semiconductor stocks advanced, though the KOSPI remained on track for a weekly decline. Foreign investor inflows and a stronger won supported sentiment, while broader market weakness and rising bond yields kept investors cautious amid focus on monetary policy and financial-market risks.
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