Market Bizzz

Neptune Petrochemicals’ Rs 73.20 crore IPO allotment is expected later today, following a subscription of 4.11 times. The IPO was priced at Rs 122 per share, with listing on NSE SME scheduled for June 4. Proceeds will fund expansion, office space, and working capital, as the company reported a PAT of Rs 19.47 crore.

Foreign Institutional Investors (FIIs) have shown renewed confidence in Indian equities, becoming net buyers for the second consecutive month. May saw a net inflow of Rs 18,082 crore, following April’s Rs 4,243 crore. This reversal follows heavy selling earlier in 2025, driven by global factors like a strong dollar. Improved macroeconomic indicators, slowing growth in the U.S.

Salasar Techno Engineering has announced a significant increase in its net profit. The steel structure maker saw a 30 per cent rise in consolidated net profit. It reached Rs 19.31 crore in the March 2025 quarter. This growth is attributed to higher revenues. The company’s total income also increased by 32 per cent during the same period.

Titagarh Rail Systems reported a consolidated net profit of Rs 64.45 crore for Q4FY25, an 18.6% YoY decrease, with revenue from operations declining by 4.45% to Rs 1,005.57 crore. Despite reduced total expenses YoY, the company’s board recommended a dividend of Re 1 per share.

The Indian rupee experienced a decline in May, becoming the worst-performing Asian currency due to tariff uncertainties, border tensions, and expectations of monetary easing. The rupee weakened by 1.27%, closing at 85.57/$1. While lower inflation and growth prospects offered some support, global economic factors and potential shifts in US monetary policy could further weaken the currency.

Ola Electric’s shares plunged following disappointing Q4 results, with Kotak downgrading the stock due to weaker volumes and rising warranty costs. Losses widened, and revenue declined amid intensifying competition from TVS and Bajaj Auto. While Goldman Sachs remains bullish, citing growth potential, analysts advise caution, awaiting financial performance improvements and resolution of consumer concerns.

Suzlon Energy’s shares experienced a significant surge. This followed the company’s report of a fourfold profit increase for the March quarter. The company’s market capitalization briefly crossed ₹1 lakh crore. Analysts have raised their stock price targets. Revenues grew substantially, driven by increased wind turbine generator deliveries.

Bloomberg’s analysis suggests that riskier emerging-market bonds, particularly from India, Indonesia, Brazil, and South Africa, are outperforming due to the dollar’s decline offsetting rising Treasury yields. Goldman Sachs strategists note that a weaker dollar reduces the impact of higher US yields on EM rates, benefiting higher-yielding bonds.

Vodafone Idea is anticipated to reveal its Q4FY25 financial results, with ICICI Securities forecasting a widened net loss of Rs 7,626.10 crore. Revenue is expected to reach Rs 10,982.7 crore, while EBITDA is projected at Rs 4468.09 crore. The brokerage firm maintains a ‘hold’ rating on the stock, citing ongoing financial difficulties despite slight revenue and EBITDA improvements year-over-year.

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