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The Latest Breaking News from SBI Securities

World Bank's IFC, HDFC AMC invest in Molbio Diagnostics' Rs 281 crore IPO anchor round

Molbio Diagnostics raised Rs 281 crore from anchor investors, including World Bank Group's IFC and HDFC Mutual Fund, ahead of its Rs 940 crore IPO opening on August 10. The Goa-based unicorn also saw Rs 160 crore in secondary deals, with major brokerages recommending a Subscribe rating for the issue.

The Economic Times

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

SBI Securities’ Sudeep Shah expects Nifty to remain rangebound, with 24,300–24,800 as key levels. He prefers a buy-on-dips strategy, citing constructive trends. Smallcaps remain bullish, while FII short covering could support markets. Traders should watch key technical levels for Nifty, Trent, Kalyan Jewellers and Swiggy for directional cues.

The Economic Times

Manipal Health shares slide 6% on account of profit booking. What should investors do?

Manipal Health Enterprises shares fell sharply on Thursday day after their strong market debut, triggering profit booking. Analysts remain constructive on the company's long-term prospects but advise fresh investors to wait for better entry levels, citing premium valuations, while allotted investors can continue holding with a stop-loss at Rs 620.

The Economic Times

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Manipal Health shares list at 11% premium to beat GMP estimates. What should allotted investors do?

Manipal Health Enterprises shares debuted at an 11% premium over the IPO price, beating grey market expectations. Brokerages remain constructive on the hospital chain's long-term prospects, though some caution that valuations are rich. Here's what experts recommend for allotted investors and those considering fresh entry.

The Economic Times

Nifty trapped in 1,531-point range for 15 weeks. Can global AI unwind bring FIIs back?

The Nifty index is approaching a critical juncture after a prolonged consolidation period. Foreign institutional investors are showing early signs of returning after significant outflows this year. The unwinding of global artificial intelligence trades may encourage capital reallocation into India. Recent market gains were supported by strong domestic institutional buying…

The Economic Times

F&O Talk: Nifty lacks direction on charts, says Sudeep Shah; outlines Bajaj Finance, Eternal strategy after Q1

Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty and bank, as well as an index strategy for the upcoming week

The Economic Times

Indo-MIM IPO closes with over 72x subscription on Day 3, QIB portion booked 204x; GMP at 39%

Indo-MIM’s Rs 3,811.21 crore IPO received strong investor response on the final day of bidding. The shares are also trading at a grey market premium of around Rs 190, indicating a potential 39% listing gain over the upper price band, boosting investor interest ahead of the IPO closure.

The Economic Times

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Indo-MIM IPO Day 3: GMP signals 39% listing gain, issue subscribed over 3x. What are brokerages saying?

Indo-MIM IPO GMP: Indo-MIM's Rs 3,811 crore IPO is in its final bidding day with robust demand. The IPO has been subscribed 3.07 times by the close of day two. Retail investors showed 1.89 times subscription, while NIIs emerged strongest at 8.44 times. The company plans to use Rs 400…

The Economic Times

F&O Talk: Nifty looks weak on chart, says Sudeep Shah; outlines HDFC Bank, Bluestone Strategy after Q1

Nifty ended a fifth straight losing session with SBI Securities warning that a break below 23,600 could deepen the correction. Bank Nifty faces key support at 55,800, while HAL, Titan, Manappuram Finance and United Spirits remain technically strong despite weak market sentiment.

The Economic Times

Indo-MIM IPO: Issue booked 1.4x on Day 2; Check GMP, dates, other key details

Indo-MIM's Rs 3,811-crore IPO was subscribed 1.40 times on day two, driven by NIIs at 3.85 times, with retail fully covered and QIBs yet to bid meaningfully. The MIM component maker is priced at Rs 461-485; the issue closes July 27 and lists July 30.

The Economic Times

Indo-MIM IPO: Issue booked 53% so far on Day 1 as NIIs drive demand; GMP at 38%

Based on the current GMP, the company's shares are estimated to list at around Rs 670 per share, compared with the upper issue price of Rs 485. However, investors should note that the grey market is unofficial, and GMP is only an indicator of investor sentiment, not a guarantee of…

The Economic Times

Indo-MIM IPO opens tomorrow; GMP signals 37% listing premium. Check price band, dates and key details

Indo-MIM’s Rs 3,811-crore IPO opens on July 23 with a strong grey market premium of about 37%. The precision engineering manufacturer plans to repay debt using fresh issue proceeds, while analysts highlight its global MIM leadership, diversified operations, and robust financial growth supporting long-term prospects.

The Economic Times

F&O Talk: Nifty IT gaining strong momentum, says Sudeep Shah; outlines HDFC Bank, ICICI Bank strategy after Q1

The Nifty IT index has rebounded nearly 13.5% from its July 1 low and gained around 5% this week, signalling improving momentum. Technical indicators, including the RSI, MACD and Relative Rotation Graph (RRG), point to strengthening bullish sentiment. The 29,600–29,650 zone is the key resistance, while 28,500–28,550 is expected to…

The Economic Times

Relaxo Footwears jumps 14%, snaps 3-day losing streak. What should investors do now?

Relaxo Footwears shares surged 14% on Friday, snapping a three-session losing streak, as strong buying emerged at key technical levels. The rally added nearly Rs 1,255 crore to the company's market capitalisation. After falling 55% from its 52-week high to a March low, the stock has staged a sharp recovery,…

The Economic Times

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The Economic Times

Swiggy, Eternal shares jump up to 20% in one month. Should you buy or avoid?

Swiggy and Eternal shares have seen significant gains recently. Swiggy's domestic ownership crossing fifty percent boosted investor confidence. Analysts express bullish views on both companies' long-term growth prospects. Eternal's quick commerce segment shows promising EBITDA positive results. Investors should monitor competition and valuation dynamics closely.

The Economic Times

Will Trent shares rebound after Q1 update triggers 13% crash? Here's what technical charts indicate

After the 13% crash, Trent shares have technically slipped below their 20-day EMA, while the RSI has witnessed a sharp downtick, signalling a shift in momentum from bullish to bearish, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities

The Economic Times

F&O Talk: Smallcap index better placed than Nifty, says Sudeep Shah; picks 9 stocks for next week

SBI Securities expects Nifty's breakout to strengthen if it crosses 24,450, opening the door to 24,900. While small-caps continue outperforming, Bank Nifty retains a positive bias. The brokerage also highlights Aurobindo Pharma, DLF, Titan and Oberoi Realty among top picks.

The Economic Times

Turtlemint Fintech IPO Day 3: Fully subscribed 1.02x, GMP signals, brokerage views and key details

Turtlemint Fintech's IPO saw strong demand, fully subscribing on its final day with institutional investors showing significant interest. Despite a modest grey market premium suggesting a subdued listing, the company aims to leverage its extensive PoSP network and digital platform for growth in India's underpenetrated insurance sector. Proceeds will fund…

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The Economic Times

Advit Jewels IPO opens tomorrow: GMP at 47%; SBI Securities recommends 'Subscribe'

Jaipur's handcrafted jewellery maker, Advit Jewels, is set to launch its IPO on June 23, 2026, with strong grey market interest indicating a potential listing premium. The Rs 165.16 crore issue aims to strengthen the balance sheet, fund working capital, and repay debt. Specializing in Kundan and Polki under the…

The Economic Times

DLF, Godrej Properties, and other realty stocks jump up to 13% in 3 days. Is the rally sustainable?

Real estate stocks have surged nearly 9% in three days, with some analysts citing attractive valuations after a prolonged correction. This rebound is driven by stable operational performance and positive pre-sales guidance, though some advise caution, emphasizing quality-led trades over broad sector bets.

The Economic Times

Vedanta Oil and Gas shares list at Rs 39 on BSE as 4 demerged entities debut on Dalal Street

Vedanta Oil & Gas shares debuted at Rs 39 on BSE and Rs 38 on NSE as part of Vedanta’s mega demerger that led to four new listings. The company’s valuation came broadly in line with estimates, marking a key milestone in one of India’s largest corporate restructuring exercises.

The Economic Times

Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect

Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian equities witnessed sharp swings before ending lower amid expiry-day volatility and rising geopolitical concerns. Profit booking in broader markets, weakness in IT stocks and cautious global sentiment overshadowed support from banking and pharma shares, keeping investors on edge.

The Economic Times

Wipro's Rs 15,000 crore buyback opens tomorrow: Should retail investors tender shares?

Wipro's Rs 15,000 crore share buyback opens on Thursday, offering shareholders an opportunity to tender their shares at Rs 250 apiece, a 38% premium to the stock's previous closing price of Rs 181.67. The buyback, open from June 10 to June 17.

The Economic Times

Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts say

Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions…

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