Market Bizzz

Tata Capital plans to raise funds via a share sale to existing investors in an upcoming board meeting. The firm is also preparing for an IPO worth over Rs 15,000 crore to meet RBI regulations and considering raising Rs 15,000 crore through green bonds and non-convertible debentures.

The Nifty Smallcap 100 index experienced a semi-annual reshuffle, adding 22 new stocks including Brainbees Solutions and Delhivery, while removing Zee Entertainment and Central Bank of India. These changes, effective from March 28, 2025, aim to better reflect market dynamics.

Royalarc Electrodes’ IPO saw a subscription of 1.6 times, debuting on the NSE SME platform today with no grey market premium. Founded in 1996, the company manufactures welding consumables and trades ancillary products. Their advanced facility in Gujarat ensures high-quality standards, supported by a skilled team of 144 employees.

Quality Power Electrical’s shares will debut on exchanges Friday. The IPO price indicates a flat to negative debut. The company aims to use the net proceeds for acquisition, capital expenditure, and strategic growth. Quality Power specializes in power products and solutions in various sectors.

LK Mehta Polymers’ shares are set to list on the BSE SME platform, with a 7% gain in the grey market. The IPO proceeds will support working capital and corporate purposes. The company manufactures and trades plastic products, with the brand ‘Super Pack’ distinguishing it in a competitive market.

Devang Mehta from Spark Private Wealth believes it’s a good time to prepare buy lists as valuations become attractive, advocating for quality businesses in midcap and smallcap stocks, capex, and consumption-related sectors. He sees opportunities in banks, financial services, power automation, capital goods, discretionary consumption, and identifies sectors hit hard by market corrections as potential investments.

India’s megacap stocks are making a comeback, with their share of total market capitalization increasing to 21%. Nifty50’s share is also rising, reflecting this trend. Experts believe this is a natural market cycle and could continue. Emerging sectors like tech and fintech are gaining prominence, while traditional sectors experience slower growth.

ICICI Securities has raised its rating on GlaxoSmithKline Pharmaceuticals to Add from Hold with a new target price of Rs 2250. GSK Pharma’s earnings are expected to see a CAGR of 15.3% over FY24-27. The company has an asset-light and cash-rich balance sheet, which could improve its return on equity and return on capital employed.

Axis Securities recommends buying shares of Genus Power Infrastructures with a revised target price of Rs 380. Genus Power reported a total income of Rs 617.06 crore for the quarter ended December 2024, showing significant growth. The company is expanding its capacity and expects to maintain a strong financial performance in the coming years.

Zomato’s CEO Deepinder Goyal has introduced Nugget, an AI-supported customer support platform for its food delivery, Blinkit, and Hyperpure segments. Developed over three years, Nugget manages over 15 million interactions monthly and is open to global businesses. Zomato plans to rebrand as Eternal Ltd, consolidating its four main businesses under this new name.