Areion Assets Management has launched a $60 million Category III AIF from GIFT City targeting India’s special situations market. The fund will invest in distressed assets, structured credit and IBC opportunities, focusing on recovery-led value creation across sectors, amid increasing institutionalisation of alternative investments in India.
IRFC shares are in focus as the government’s Rs 2,212 crore offer for sale opens for retail investors at a floor price of Rs 91 per share. The OFS, oversubscribed by institutional investors, will include a greenshoe option. The government continues its broader disinvestment push across PSU stocks.
CSM Technologies IPO entered its second day with a 4% grey market premium, signalling modest listing expectations. The issue was subscribed 26% on Day 1, with strong retail and NII interest but no QIB participation. The Rs 145.78 crore IPO remains open until June 29 at Rs 107–113 price band.
Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders are factoring in multiple rate increases this year, with a significant chance of a September hike. Investors are now keenly awaiting key U.S. inflation data for further monetary policy direction.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources
The IPO comprises a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale (OFS) of 14.95 lakh shares aggregating to Rs 6.28 crore. The issue is priced in the Rs 39-42 per share band and will close on June 30. The shares are proposed to be listed on the BSE SME platform on July 3.
The Rs 30.24 crore IPO, which comprised entirely a fresh issue of 14.54 lakh shares, witnessed overwhelming investor interest during the three-day bidding period. The issue was subscribed 385.32 times, driven by robust participation across all investor categories.
Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.
Textile exporter stocks witnessed a significant rally on Wednesday, boosted by positive initiation of coverage from Motilal Oswal Financial Services. The brokerage highlighted capacity expansion and supportive policies as key growth catalysts, projecting substantial gains for leading companies. This surge reflects a new investment cycle in the Indian textile sector, with companies focusing on higher-margin segments and value-added products to capitalize on global sourcing trends.
JPMorgan anticipates challenges for Indian IT firms over the next two years, citing uncertain demand and a mix of technology and economic headwinds. The brokerage has downgraded several stocks, including HCL Technologies and Wipro, due to current valuations not reflecting these concerns. Analysts foresee reduced revenue growth forecasts for FY27, with a softer start to the year impacting the usual first-half strength.
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