Market Bizzz

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Gujarat’s Sampat Aluminium is launching its Rs 30.53 crore IPO on Wednesday. The IPO will remain open until September 19. Listing on BSE SME platform is scheduled for September 24. The company plans to use the funds to establish a new manufacturing unit in Mehsana. The IPO price is fixed between Rs 114 and Rs 120 per share.

VMS TMT, an Ahmedabad-based TMT bar manufacturer, is launching its Rs 149 crore IPO on Wednesday, with the aim of expanding its presence in the steel sector. The IPO, priced between Rs 94 and Rs 99 per share, seeks to utilize the proceeds primarily to reduce borrowings and for general corporate purposes.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Euro Pratik Sales (EPSL) launched its ₹451.3 crore IPO on Tuesday, closing September 18, with listing expected September 22. The price band is ₹235–247 per share. The IPO is an offer for sale by promoters. EPSL, a wall panel brand, saw a 28% revenue increase to ₹284 crore in FY25, with strong margins.

Airfloa Rail Technology’s IPO, oversubscribed by 301.5 times, is finalizing share allocation, with refunds and demat credits expected soon. The IPO price was Rs 133-140 per share. The company manufactures critical components for Indian Railways and also caters to aerospace and defence. Analysts anticipate a strong listing on the BSE SME platform, driven by high GMP, but caution about sustainability.

GHV Infra Projects share price: GHV Infra Projects has announced a 3:2 bonus issue and a 1:2 stock split, with Monday being the last day to buy shares for eligibility. The move is aimed at boosting liquidity and making the stock more accessible to investors.

Redtape Share Price: The Income Tax Department’s ongoing probe into Redtape has entered a forensic audit stage, with officials examining seized documents, devices, and recovered digital data. Findings reportedly point to undisclosed income worth several crores, keeping investors alert to possible market impact when trading resumes.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

Indian markets ended the week strongly, driven by GST cuts, hopes of US tariff concessions, and earnings recovery. Ajay Bagga highlights global liquidity, Fed rate cut expectations, AI-led IT revival, and defence sector’s multi-decade growth potential despite valuation concerns.