Market Bizzz

Sebi is proposing stricter regulations for the appointment of independent third-party reviewers of green debt securities. This move aims to align the norms with those applicable to other ESG-linked bonds, addressing gaps in reviewer independence and conflict of interest mitigation. The revised framework seeks to establish comprehensive criteria for certifiers of green bonds, ensuring greater transparency and credibility.

ITC Ltd reported a slight dip in standalone net profit for Q1, but revenue surged by 19.7% driven by cigarettes, FMCG, and agri-businesses. The cigarette business saw revenue growth, while the FMCG sector was impacted by commodity prices. Agri-business revenue soared, offsetting a decline in the paperboards segment. Consolidated results showed strong performance across group companies.

MCX reported its highest-ever quarterly revenue at ₹405.82 crore in Q1, up 60% YoY. Net profit surged 83% to ₹203.19 crore. The board approved a 1:5 stock split to boost affordability and participation.

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.

Shree Refrigerations is set for a strong debut on the BSE SME platform, with grey market premiums suggesting a listing price of around ₹195, a 56% jump over the IPO price of ₹125. The IPO saw overwhelming investor interest, subscribing 187.55 times overall.

Sellowrap Industries shares are set to debut on the NSE SME platform this Friday. The IPO saw strong investor interest, subscribing 65.09 times overall. The company plans to use the IPO proceeds for capital expenditure and working capital. Sellowrap manufactures components for automotive and white goods sectors. The company reported revenue growth and a jump in net profit for FY25.

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.

Devang Mehta suggests focusing on domestic-centric themes due to global uncertainties and potential tariffs. He emphasizes sectors with substantial growth potential (2x-10x), dominant market share, and strong governance. Mehta advises a portfolio centered on capex-oriented themes and discretionary consumption, while minimizing export exposure until the global situation stabilizes. He also highlights the importance of margin of safety.

The RSI Trending Up scan is an uptrend signal if the RSI value has crossed above 50 from below. “RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

TSC India, a B2B travel management firm, is set to debut on the NSE SME platform on Wednesday, with expectations of a listing price around Rs 78, based on grey market trends. The IPO, which aimed to raise Rs 25.89 crore, was oversubscribed by 73.21 times, demonstrating strong investor interest.