Paras Healthcare IPO allotment is expected to be finalised today after the Rs 1,450-crore issue was subscribed 2.23 times. With the GMP indicating a potential listing gain of around 1%, investors can check their allotment status on the MUFG Intime, NSE and BSE websites. The hospital chain is scheduled to list on October 28, 2026, after reporting a return to profitability in FY26.
Shriram Finance shares fell sharply on Monday after Jefferies, Citi and Motilal Oswal cut their target prices following the NBFC’s Q2 results. Despite concerns over rising credit costs and rural stress, all three brokerages retained their ‘Buy’ ratings, citing strong net interest income, resilient margins and long-term growth potential.
AU Small Finance Bank shares fell up to 10% despite a 53% year-on-year rise in Q2 net profit. Jefferies and Motilal Oswal retained Buy ratings, citing growth prospects, improving asset quality and lower credit costs.
Holcim has increased its full-year guidance due to robust demand for sustainable building materials. The company reported a 17% jump in recurring Ebit in the third quarter, surpassing expectations. Increased customer demand and cost discipline contributed significantly to this profit increase. The firm aims to announce around 15 acquisitions by the end of this year. Holcim is focusing on alternative fuels to mitigate rising energy costs.
Oil prices took a dip on Monday after peaking at six-month highs due to rising supply concerns stemming from ongoing militant attacks. US crude futures tumbled sharply, with Brent crude following suit. The heightened fears arose from the recent Houthi attacks in Saudi Arabia, especially after a notable price spike last Friday.
Gold prices dipped close to a three-month low, reflecting worries from investors as the Federal Reserve meeting approaches. While an interest rate hike appears more likely for December, this week’s chances remain low. In the oil market, prices fell back after a prior rise, amid ongoing supply worries linked to conflicts.
The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.
Foreign investors may return to Indian equities only if crude oil prices cool, according to Ashutosh Tiwari, managing director and chief investment officer—public equities at Equirus Asset Management. While valuations have corrected and earnings growth is expected to improve, rising oil prices have emerged as the key trigger behind renewed FII selling and remain the biggest hurdle to a sharper market re-rating.
As the week kicks off, major currencies hover in narrow trading bands amidst pivotal central bank meetings. Oil prices experienced a decline after hitting a six-month high, affecting the strength of the dollar. Meanwhile, US Treasury yields remain elevated due to lingering inflation worries connected to the rising oil costs. With five significant central banks likely to hold rates steady, market watchers are keen to decipher forward guidance.
Peter Lynch’s investing advice centres on understanding a company before buying its stock. The legendary Fidelity Magellan Fund manager stresses researching business fundamentals, growth prospects and financials rather than investing based on popularity or hearsay.
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