Paramotor Digital Technology has confidentially filed draft IPO papers with SEBI via the pre-filing route. Founded in 2016, the fintech and enterprise tech firm operates SpendPro, RewardOn, yayyy.shop and DevStack. The move signals growing IPO momentum among Indian tech companies amid improving investor sentiment and renewed capital market activity.
Nifty ended lower on Friday, breaking a two-session winning streak as banking, metal and realty stocks dragged the index below the 23,800 zone. Analysts see a bearish setup with resistance at key EMAs and support near 23,500. Amid volatility, two technical stock picks, Kirloskar Oil and Wheels India, signal short-term upside potential of up to 8% with defined stop losses.
A charity auction offering a private dinner with Warren Buffett and Stephen Curry has fetched a record $9 million bid. With Buffett matching contributions, the total donation nears $27 million. Proceeds will support Glide Foundation and Eat. Learn. Play., highlighting one of the largest celebrity-driven fundraising efforts globally.
In this analysis, we highlight eight standout stocks that have delivered sequential quarterly revenue growth, are covered by more than five analysts, and offer estimated upside potential of 40% to 50% over the next year.
Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while ensuring the merged entity retains its government-company status.
India’s move to restrict silver imports and raise duties is expected to push up domestic prices by increasing premiums over global benchmarks. While global prices may remain stable, Indian investors could pay more for physical silver. Analysts say the MCX-LBMA spread will be key to tracking the impact.
Nifty’s recent profit booking has made 23,600 a crucial support level, with a breach potentially dragging the index to 22,800, says Geojit’s Anand James. While technical indicators show mixed signals, weakness persists in IT stocks. Select opportunities remain in KPRMILL and Refex amid cautious broader market sentiment.
The US Federal Reserve is likely to drop its easing bias at the next FOMC meeting and shift toward a tightening stance through 2026, with a 20% chance of a 25 bps hike in December if the Strait of Hormuz remained closed and energy prices spiked further, Elara Securities said in a research report.
Himanshu Srivastava, Principal - Manager Research at Morningstar Investment Research India, said the latest outflow trend reflected persistent uncertainty surrounding global growth, elevated geopolitical tensions across key regions and volatility in crude oil prices, which continued to weigh on risk appetite towards emerging markets, including India.
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