Market Bizzz

Trent, the parent of Zudio and Westside, has announced its first bonus share issue. The record date is June 4, meaning today is the final chance to buy shares for eligibility. Investors will receive one bonus share for every two shares held. This corporate action is a significant event for shareholders.

Yaashvi Jewellers’ shares are poised for their debut on the BSE SME platform. The initial public offering is expected to see a subdued listing performance. Grey market indicators suggest the stock will trade near its issue price. The company, established in 2016, manufactures and trades gold jewellery. It has reported strong financial growth in recent years.

Anand Rathi Wealth shareholders are set to receive bonus shares in a 1:1 ratio, with today being the last chance to buy for eligibility. The company, reporting strong Q4 FY26 results with a 40.5% profit jump and significant AUM growth, is capitalizing reserves for this move. Bonus shares will be credited by June 7.

Oil prices held steady Tuesday, following Monday’s surge, as global markets weighed U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. Conflicting reports emerged regarding negotiations, with President Trump suggesting talks continue while Iranian media indicated a halt.

Gold prices dipped slightly as a stronger dollar and rising oil prices weighed on the market. Investors are closely watching President Trump’s decision on a potential ceasefire extension with Iran, amidst ongoing tensions in the Middle East. Meanwhile, other precious metals like silver, platinum, and palladium saw gains.

MR Maniveni Foods shares are poised for their debut on the BSE SME platform this Monday. Grey market indicators suggest a flat listing, with shares trading near their issue price. The company’s Rs 27 crore IPO saw strong anchor investor interest. MR Maniveni Foods specializes in pulse processing, supplying to business-to-business clients.

Merritronix’s IPO opens with a muted grey market premium of 0%, indicating a cautious investor sentiment despite its presence in the defense and aerospace electronics sector. The Rs 70 crore book-built issue, entirely a fresh issue of 47 lakh shares, is open from June 1 to June 3.

Jupiter Wagons saw its net profit drop 72% to Rs 29 crore in the March quarter. Revenue also fell 25% to Rs 780 crore. The company’s EBITDA declined 46%. For the full year, profit after tax decreased 56%. Jupiter Wagons shares have seen a decline. Indian Railways plans a large tender for freight wagons.

Indian stock markets experienced a sharp selloff on Friday, with Sensex and Nifty dropping over 1%, driven by passive fund flows from MSCI index reshuffles. Volatility surged as the market lost Rs 6 lakh crore in capitalization. Analysts suggest caution amid indecisiveness and a lack of strong directional momentum.

Triveni Engineering & Industries reported a consolidated net profit of Rs 167.4 crore for Q4 FY26, a decrease from Rs 187.1 crore in the prior year. For the full FY26, revenue grew 11.9% to Rs 7,620.9 crore and net profit rose 12.8% to Rs 268.7 crore. These results incorporate the amalgamation of Sir Shadi Lal Enterprises, effective April 1, 2025.