Market Bizzz

Adani Ports’ net profit increased to Rs 3,314.59 crore. This rise is due to strong revenue growth. Revenue from operations also saw a jump. Logistics and marine businesses showed extraordinary momentum. Cargo volume reached 121 million metric tonnes. Motilal Oswal and Avendus have retained a ‘Buy’ rating for Adani Ports. They project continued growth in cargo volumes, revenue, and EBITDA.

Traders interpret “White Marubozu” as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

The board of IndusInd Bank has cleared the appointment of Rajiv Anand as the new Managing Director and Chief Executive Officer. His term will begin on August 25 and will run for three years, the bank said in a statement. Anand, a seasoned banker with over 35 years of experience, is widely respected in the financial services space.

According to the term sheet, the transaction is valued at Rs 3,803.3 crore (approximately USD 434 million) based on the offer floor price of Rs 1,020 per share. This price reflects a 5.4% discount to Paytm’s August 4 closing price of Rs 1,078.20 on the National Stock Exchange (NSE).

BlackRock’s Gargi Chaudhuri suggests that while the dollar’s decline has paused, historical patterns indicate potential future weakening. She advises investors to consider increasing international exposure, particularly in countries like India, China, and Japan, alongside adding international fixed income for attractive yields. While US tech remains strong, diversification into international markets and fixed income is key.

The NSDL IPO, a Rs 4,011.60-crore offer for sale, saw an overwhelming subscription of 41.02 times and is expected to finalize allotment today. With a listing on BSE slated for Wednesday, the IPO, priced at Rs 800, witnessed strong interest from QIBs and NIIs. Allotment status can be checked via Link Intime or BSE websites.

Parth Electricals and Engineering launched its IPO on August 4, aiming to raise ₹49.72 crore. Priced between ₹160-₹170 per share, the IPO anticipates a listing around ₹192, fueled by a ₹22 GMP. Closing on August 6, allotment is expected on August 7, with NSE SME listing scheduled for August 11.

Arcil Ltd, India’s first bad loan aggregator, is set for an IPO with existing shareholders like Avenue Capital, SBI, GIC’s Lathe Investment, and Federal Bank planning to sell 10.54 crore shares. Avenue Capital will dilute its stake, while Lathe Investment will exit completely. Arcil, the second largest ARC in India, reported a profit of Rs 355.31 crore in March 2025.

JSW Cement will launch its initial public offering on August 7. The IPO size is Rs 3,600 crore. It will open on August 7 and close on August 11. The IPO includes a fresh issue and an offer for sale. Proceeds will be used for a new cement unit and debt repayment.