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Kolkata: Brokerage firm PL Capital has said that the Indian automobile sector is likely to witness continued growth this year. From rural demand to rising EV, increasing expenditure on infrastructure to GST benefits being passed on to the consumers and recovery in the commercial vehicle sector are all tailwinds for this crucial sector. In their report, PL Capital (earlier Prubhudas Lilladhar) has assigned 'Buy ' and 'Accumulate ' for a few stocks. Let 's have a closer look at the target price of these scrips . The note from PL has mentioned that there is going to be a rise in both volume and market share in the EV segment. Tata Motors Passenger Vehicle Target Price: Rs 620 PL Capital maintains a positive outlook on Tata Motors. The stock is currently trading at about Rs 566. The brokerage assigned Accumulate rating and states that the company 's EV portfolio is rapidly strengthening, and demand in the commercial vehicle segment is also improving. The...
Kolkata: The first bidding process of a public issue to close in 2026 has ended with a bang. Modern Diagnostic SME IPO was subscribed a fantastic 376.90 times overall -- 342.46 times in the individual investors category, 193.51 times in QIB (Ex Anchor) category and 702.08 times in the NII category. The level of QIB interest in the IPO deserves mention. QIBs (Qualified Institutional Buyers) are usually banks and mutual funds which have deep pockets to invest big sums and the skills to analyse a public issue threadbare. The level of enthusiasm around the SME IPO is perhaps explained by strong investor confidence in the healthcare and diagnostics sector and the company 's financial performance and growth plans. Modern Diagnostic & Research Centre is a chain of diagnostic centres which offer a wide range of pathology and radiology services. It has 21 centers of which 18 are laboratories and three are diagnostic centers which are spread across eight states. Modern Diagnostic IPO GMP...
Kolkata: The Indian mutual fund industry is on a roll despite wobbly equity markets in 2025. The AUM (assets under management) of the Indian mutual fund industry surged to Rs 80.8 lakh crore, recording 18.7% rise as at end-November 2025, mentions data in a Reserve Bank of India publication. The data further disaggregated the cumulative AUM into Rs 35.7 lakh crore in equity mutual fund schemes and Rs 45.1 lakh crore in non-equity schemes. Relentless march of SIPs It was also mentioned that SIP AUM has been rising on different counts. The AUM was seen rising as a share of the AUM of the domestic mutual fund industry at the rate of 54.4%, which is very high. The rise of the AUM as a share of the domestic mutual fund industry happened at the rate of 20.4% at the end of Nov 2025. The point that stood out from the above data is that there was consistently high demand for equities exposure among retail investors. Slowdown in H1FY26 compared to earlier year Overall, the equity markets in the...
Kolkata: Scheduled Commercial Banks can set up their own pension funds for managing NPS, Pension Fund Regulatory and Development Authority has said. In a set of reforms that has wide implications PFRDA has paved the way for improved governance standards and stronger protections for subscribers. "PFRDA 's board has approved, in principle, a framework to permit Scheduled Commercial Banks (SCBs) to independently set up Pension Funds to manage NPS, with the objective of strengthening the pension ecosystem. This shall enhance competition and safeguard subscriber 's interests. The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now," the government said in a statement. The framework that PFRDA approved on the first day of 2026 establishes clear eligibility standards which are linked to the net worth, market capitalisation, and prudential soundness which are in sync with the norms set by the banking regulator RBI. Details...
Kolkata: If the Rs 36.89-crore SME IPO of Modern Diagnostic is any indication, 2026 could mark the third year in succession for primary market investors. In the first two days of the bidding window, Modern Diagnostic IPO was subscribed 30.87 times overall -- 33.85 times in the individual investors category, 8.94 times in QIB (Ex Anchor) category and 53.22 times in the NII category. What is most significant is the fact that the QIBs or Qualified Institutional Buyers have reacted with great enthusiasm. These are usually banks and mutual funds which have deep pockets to invest big sums and the skills to analyse a public issue threadbare. Modern Diagnostic IPO GMP According to investorgain, Modern Diagnostic SME IPO in early morning of Jan 2 stood at Rs 14. Considering its price of Rs 90, Modern Diagnostic SME IPO 's estimated listing price is Rs 104 and the listing gain. therefore, will work out to 15.56%. Modern Diagnostic SME IPO GMP stood at Rs 10 in early morning of Dec 31 and...
Kolkata: On the first day of 2026, Sensex 30 closed at 85,188.60, down 32.00 points or 0.038%, while Nifty 50 closed at 26,146.55, up 16.95 points or 0.065%. The market started strong on Jan 1 but ended flat. During the day, 21 out of 30 Sensex stocks rose while 38 out of 50 Nifty stocks advanced. The Nifty is still above 26100. The next level the investors will watch out for is 26,200. Today, the following stocks will be in focus of the investors due to a variety of corporate developments, investments, approvals and deals being finalised. The stocks in focus includes Vodafone Idea, RailTel, Aurobindo Pharma and several others. Let 's find out which stocks might see significant movement today Jan 2. Stocks in focus RailTel Corporation of India: RailTel has received a Letter of Acceptance from the Assam Health Infrastructure Development and Management Society which is linked to procurement, implementation, and maintenance of a Hospital Management Information System. The estimated...
Kolkata: Reliance Industries, or RIL, is India 's most valuable company. The stock of RIL has jumped by 1.2% in the last five trading sessions and by more than 3% in the past six months. On a year-to-date basis, RIL shares have surged in excess of 29%. RIL has a market cap of Rs 21.35 lakh crore. On the very first date of 2026, RIL shares jumped 1.4% reaching a 52-week high of Rs 1,592.50 and moving close to its all-time high of Rs 1,608.95, which was set on July 8, 2024. At 11:40 am, RIL shares were trading at Rs 1,577.40 per share on the NSE. The immediate trigger for the RIL shares seems to be Mukesh Ambani 's presentation of a draft of the Reliance AI Manifesto on Dec 30. It presented a plan to transform the group into an AI-heavy deep-tech enterprise. Ambani said AI could lead to a 10-fold improvement in the productivity of over 6 lakh employees and a 10-fold impact on India 's economy and society. Reorganising operations Reliance plans to reorganise operations...
Kolkata: 2025, which set a record in public issues, is behind us but the deluge of IPOs will continue, analysts have told us. Hospitality giant OYOs IPO is on the way. It will be floated in 2026 . Prism, the parent company of OYO has submitted draft red herring prospectus through the confidential route to Sebi for a public issue. According to initial plans, the IPO will raise Rs 6,650 crore and the company 's valuation is estimated at $7-8 billion (between Rs 58,000 and Rs 66,000 crore). However, this is the company 's fourth attempt to raise funds, having advanced some way thrice between 2021 and 2024, only to withdraw later. Highlights of the IPO Prism 's IPO will consist entirely of the issuance of new equity shares. Needless to say, this offers a signal of hope of the management in the future of the company. Shareholders approved the proposal at their meeting held on December 20, 2025. Prism earlier appointed ICICI Securities, Axis Capital, Goldman Sachs, and...
Kolkata: Several stocks will be in focus on the first trading day of 2026, thanks to a variety of developments on the corporate front, changes in the management and significant deals and even relief packages thrown in by the government. The sectors involved are banking, telecom, infrastructure, auto, and logistics sectors. These stocks include Vodafone Idea, Berger Paints India, NBCC, NCC, Adani Enterprises, and Canara Bank. Let 's have a close look. Stocks in focus Vodafone Idea: The Union cabinet has approved a relief package for this telecom player. Vodafone Idea has entered into a revised agreement with Vodafone Group. Under this agreement, the company is to receive approximately Rs 5836 crore from the promoter Vodafone Group. Of this, a fixed amount of Rs 2307 crore will be released in the next 12 months. This agreement is related to the Contingent Liability Adjustment Mechanism created at the time of the merger of Vodafone India and Idea Cellular. A portion of the CLAM...
Kolkata: The very last IPO of 2025 was a success on the first day of bidding itself. On Dec, when the bidding process of the issue opened, Modern Diagnostic IPO was subscribed 5.60 times overall -- 5.51 times in the individual investors category, 4.01 times in QIB (Ex Anchor), and 7.96 times in the NII. It is significant that the QIB portion was subscribed more than 4 times. QIBs or qualified Institutional Buyers are organisations such as banks and mutual funds which have deep pockets to invest big sums and the skills to analyse a public issue threadbare. The issue will close on January 2. The application process for the Rs 36.89-crore issue began on the last day of 2025. Modern Diagnostic & Research Centre is a diagnostic chain offering a wide range of pathology and radiology services such as diagnostic tests, home specimen collection, online reports and customised test packages for institutional customers and patients. It has 21 centers of which 18 are laboratories and three are...
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