Market Bizzz

Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering services in product development, infrastructure management, and application modernisation. Wipro will enhance application security by using advanced analytics to detect vulnerabilities and provide actionable insights for smarter software development.

Neptune Petrochemicals is scheduled to list on the NSE SME platform on Wednesday, with expectations of a flat listing due to a grey market premium of Rs 0. The IPO, which aimed to raise Rs 73.20 crore, was subscribed 4.11 times, and the proceeds will be used for capital expenditure and working capital needs.

Aptus Value Housing shares are under the spotlight as Westridge Investments plans a Rs 1,495 crore block deal to sell a 9.8% stake. The company reported a 26% rise in Q4 net profit and strong growth in assets and disbursements. Analysts maintain a ‘Buy’ rating with an average target price of Rs 388, indicating 15% upside potential.

Bajaj Auto maintains a 20% margin for six quarters. The company focuses on the bottom line through strategic initiatives. Expansion in Africa may affect EV business margins. The EV sector contributes 21% to domestic revenue. Rakesh Sharma expects 5-6% industry growth, driven by the 125cc plus segment. Latin America performs well.

This list from SBI Securities features companies that have consistently delivered strong dividend yields over FY22 to FY24, rewarding shareholders with reliable returns.

Gold prices in India are expected to surge to Rs 1,10,000 per 10 grams and $4,000 per ounce globally over the next 12 months amid geopolitical uncertainties. Experts recommend accumulating gold on dips and maintaining at least a 10% portfolio allocation for diversification. Steady demand from jewellery and central banks supports gold’s long-term appeal as a safe haven asset.

The automaker sold 70,187 units in May 2025 across domestic and international markets, down from 76,766 units in May 2024. Domestic sales fell 10% year-on-year to 67,429 units, while commercial vehicle sales declined 5% YoY to 28,147 units compared to 29,691 units a year earlier.

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.