Market Bizzz

Sebi has announced that research service personnel must obtain NISM certification within a year. Institutional investors no longer need to sign consent forms. Research analysts will still share terms and conditions. Sebi clarified what constitutes a research report. Journalists are exempt from registration, but recommendations must be based on registered analysts’ reports. Restrictions apply to trading securities recommended by analysts.

Rakshit Ranjan highlights a slowdown in Nifty 50’s earnings growth, coupled with high valuations, creating market uncertainty. He suggests a shift towards bottom-up stock picking, emphasizing earnings surprises as key drivers. Marcellus’ CCP portfolio focuses on companies with competitive advantages and high reinvestment rates, particularly in healthcare and evolving retail models.

GNG Electronics launched its IPO aiming to raise Rs 460 crore through fresh issue and offer for sale, showing strong financials and investor interest with a 44% GMP. The company will use the proceeds to repay debt and for general corporate purposes. Brokerages recommend subscribing, citing GNG’s scale, growth, and strategic positioning in the refurbished electronics market.

Hero MotoCorp will trade ex-dividend from July 24, 2025. Investors must buy shares today to receive Rs 65 per share dividend. This dividend reflects the company’s strong financial health. The company announced a final dividend of Rs 65 per share. Over the last 12 months, the equity dividend was Rs 140 per share.

A close above VWAP indicates strong buying interest, as the stock ends the day above its volume-weighted average trading price.

Nilesh Shah of Envision Capital remains optimistic about mid and small-cap stocks. Economic growth and rising per capita income will drive their expansion. He emphasizes stock picking and the diverse universe of listed companies. Recent IPOs offer opportunities in digitalization. Corrections can provide entry points for investors. The mid and small-cap space is becoming more diverse and enriching.

Titan Holdings is set to acquire a 67% stake in Damas LLC for AED 1,038 million ($283 million), gaining a strategic presence across all six GCC countries—UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. The remaining 33% held by Mannai may be acquired post-December 31, 2029, under mutually agreed terms.

IHCL’s MD & CEO, Puneet Chhatwal, emphasizes the Taj brand’s strength, driving significant RevPAR premiums. Despite operational challenges, strategic asset management and renovations fuel growth. The company anticipates robust new business expansion with high margins, projecting substantial hotel openings and maintaining a focus on both domestic and international markets for continued double-digit revenue growth.

RIL share price: Reliance Industries reported a 78% YoY jump in Q1 profit to Rs 26,994 crore, beating estimates. Gains were boosted by a one-time Rs 8,924 crore from the Asian Paints stake sale. Analysts remain largely bullish, citing strong performance in Jio and optimism around New Energy.

Sectorally, buying was seen in metals while selling was seen in consumer durable, power, telecom, banks and capital goods.