Market Bizzz

HRS Aluglaze is launching its Rs 51 crore IPO. Subscriptions open on Thursday and close on December 15. The company specializes in aluminium facade products. It has a strong order book and has shown rapid profit growth. Funds will be used for expansion and working capital. The IPO aims to list on December 18.

Pajson Agro India’s Rs 74.45 crore IPO opens Thursday, aiming to fund a new cashew-processing facility. Despite strong financial growth, the grey market shows zero premium, suggesting a cautious investor sentiment. The company plans significant expansion, but faces raw material price volatility. Subscription levels will be key to its listing success.

Western Overseas Study Abroad is set to debut on the BSE SME platform. The company’s IPO saw modest subscription levels. Funds raised will be used for marketing, software acquisition, and debt repayment. Market sentiment suggests a flat to slightly positive listing. Investors are watching the broader SME market for cues on listing day.

Pine Labs’ Setu platform has launched an “agentic” bill-payment experience in India, aiming to automate bill tracking and settlement to reduce consumer friction. This new tool addresses concerns about incorrect charges and missed due dates by fetching bills, spotting anomalies, and managing payments within user-defined limits.

IndiGo faces a 10% flight cut by the government. This follows thousands of cancellations due to pilot shortages. The Directorate General of Civil Aviation mandated the reduction. Other airlines are asked to increase flights. Fare caps are in place for short-haul routes. IndiGo is working to improve operations and pilot capacity.

IndiGo has formally responded to the DGCA’s notice concerning widespread flight cancellations and delays. The airline cited changes in pilot duty norms and minor technical issues as contributing factors. IndiGo is working to resolve operational challenges and has processed significant refunds for affected passengers. The DGCA is reviewing the response and will take necessary action.

PhysicsWallah’s shares are expected to see movement after the edtech firm reported a 70% year-on-year profit surge to Rs 69.7 crore for Q2 FY26. Revenue also climbed 26% to Rs 1,051.2 crore, supported by a growing user base and offline expansion. The company is also venturing into new exam categories and launched a new low-ticket platform ‘Pi’.

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

Eternal, Zomato’s parent company, will see a 0.5% stake offloaded by an institutional investor on December 8, valued up to Rs 1,500 crore at a slight discount. This stake sale occurs amidst significant capital-raising activities by rivals Zepto and Swiggy in the quick-commerce sector. Eternal’s shares have shown mixed performance, with a recent decline despite positive year-to-date and six-month trends.