Latest Stock Market News

Mouri Tech plans to raise 1,500 crore through a refiled IPO, including 250 crore in fresh issue and 1,250 crore via offer for sale by promoters and shareholders. Proceeds will be used for debt repayment, investment in subsidiaries, acquisitions, and general purposes. The company may consider a pre-IPO placement of up to 50 crore in consultation with the book-running lead managers.

Indian equities closed higher on Wednesday despite geopolitical tensions. The Sensex gained over 100 points, and the Nifty topped 24,400, led by buying in realty, auto, power, and banking stocks. BSE, SRF, and Marico hit fresh 52-week highs.

India s flexible office space market is poised for significant growth, with five major players planning IPOs to raise over Rs 7,000 crore in the next 12-18 months. This surge is fueled by rising demand for flexible workspaces among startups, SMEs, and large enterprises.

Sensex rose 105 points, with seven BSE 500 stocks hitting 52-week highs. Ceat, Anupam Rasayan, Aster DM, and others saw significant gains, reflecting strong market momentum and growth potential.

Titan is expected to post Q4FY25 profit growth between 0.7% and 19%, with revenue rising 3.2% to 14%. Brokerages differ in estimates, citing jewellery margins, rising gold prices, and operational efficiency as key factors driving performance and risks.

Wall Street s main indexes opened slightly higher on Wednesday as investors hoped for a de-escalation in trade tensions with Beijing and awaited the Federal Reserve s decision on interest rates later in the day.

Securities and Exchange Board of India is investigating misuse of Initial Public Offering funds in Small and Medium Enterprises. This follows action against Synoptics Technologies and First Overseas Capital. Sebi barred Synoptics and promoters from the market for siphoning funds. The regulator will review 20 other SME IPOs managed by First Overseas Capital.

Piramal Enterprises experienced a 25% drop in net profit for the March quarter, despite a 17% rise in assets under management. The profit stood at Rs102 crore, impacted by the previous year s one-off gain from Shriram Finance. Looking ahead, the company targets 25% AUM growth in FY26, aiming for retail assets to constitute 80-85% of the portfolio.