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JM Financial has revised its price target for Info Edge, reflecting changes in market conditions and company performance. This adjustment highlights the ongoing analysis and strategic decisions made by financial institutions in response to evolving economic factors.
India is poised to become a leading data hub as the demand for data centres continues to rise. This trend is supported by increasing investments and a growing digital economy, positioning the country as a preferred destination for data management and storage solutions.
Bear House Clothing has successfully raised Rs 50 crore in a funding round led by JM Financial private equity. This significant investment marks a notable milestone for the company as it continues to expand its operations and market presence.
JM Financial has expressed caution regarding the IT sector, recommending investors avoid aggressive buying strategies. The firm highlights potential risks in the market, suggesting a more measured approach to investments in this area.
Inventurus Knowledge Solutions has set a price band of Rs 1,265-1,329 per share for its IPO, with anchor investor bidding starting on December 11. The allotment will be finalized by December 15, and the stock is expected to list on exchanges on December 19. This IPO is a pure offer-for-sale, with existing promoters and shareholders selling shares worth up to Rs 2,497 crore, leading to a projected market capitalization of approximately Rs 22,802 crore at the upper price band.
Logistics startup Shadowfax has appointed JM Financial, Morgan Stanley, and ICICI Securities as lead bankers for its anticipated IPO, set for the second half of 2025. The offering is expected to raise around Rs 2,500 crore (approximately $295 million), with a potential range of Rs 2,000 crore to Rs 3,000 crore depending on market response. Following a recent Rs 400 crore funding round, Shadowfax is valued at Rs 6,000 crore ($705 million) and aims for a premium valuation at its public debut.
Recent indicators suggest a slowdown in urban consumption, with declines in railway freight earnings, fuel consumption, and passenger vehicle sales. This trend reflects reduced mobility and non-essential travel, compounded by significant slowdowns in both government and state capital expenditure, impacting infrastructure and job opportunities.
Options traders are anticipating significant volatility in the Indian stock market following the US election. Notably, calls at 24,500 and puts at 24,400 on the NSE Nifty 50 Index have seen over 60,000 contracts added each in the past week, indicating a strategy focused on potential sharp price movements.
Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.
JM Financial Limited
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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