Market Bizzz

As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.

Western Overseas Study Abroad, a North India-based education and immigration consultancy, is launching its IPO on Thursday, aiming to raise Rs 10 crore by offering 17.98 lakh equity shares at Rs 56 each. The company plans to utilize the funds for brand strengthening, software acquisition, debt repayment, and general corporate purposes, capitalizing on the growing demand for overseas education.

KK Silk Mills is set to list on the BSE SME platform on December 3, following a successful Rs 28.5 crore IPO. Despite strong retail investor interest, the grey market premium remains flat, indicating cautious sentiment.

Mother Nutri Foods is set to list on the BSE SME platform on December 3. Despite a strong IPO subscription of 15.92 times, the grey market premium is currently zero. This indicates cautious investor sentiment regarding valuation. The company plans to use IPO funds for a new manufacturing facility.

Aerospace manufacturer Aequs launches its Rs 922 crore IPO, aiming to leverage global supply chain shifts and domestic manufacturing support. The company, known for its integrated aerospace ecosystem, seeks funds for debt repayment and expansion. Despite recent financial losses, analysts suggest subscribing for the long term, citing strong customer ties and growth potential.

Lenskart Solutions reported robust Q2 FY26 results, with consolidated profit after tax surging 20% year-on-year to Rs 102.22 crore. Revenue from operations also climbed 20.8% to Rs 2,096.14 crore. Despite a slight dip in standalone profit, the eyewear major’s strong overall performance reinforces investor confidence post-IPO. Global brokerage Jefferies initiated coverage with a ‘Buy’ rating.

ITC shares are expected to be in focus as the government introduces a new Health Security National Security Cess to maintain high tax burdens on tobacco products. This move follows the expiration of the GST compensation cess, with legislative changes aimed at preventing a decline in tax revenue from the sector.

Reliance Jio has secured the top spot for new mobile subscribers in October. This significant gain is expected to draw investor attention to Reliance Industries Limited shares. Other telecom players like Bharti Airtel also saw user growth. However, Vodafone Idea experienced a subscriber decline. India’s overall telecom market continues to expand, with broadband services showing steady progress.

Nifty ended the week with modest gains and a fresh record high, but broader market participation remained weak as the Nifty 500 continued to trail its peak. With the index testing a key resistance zone near 26,300, traders may adopt a cautious, stock-specific approach amid subdued volatility and mixed sectoral trends.

Lenskart Q2 Results: Lenskart Solutions reported its first quarterly results post-listing, showcasing a robust 19.6% year-on-year increase in consolidated profit after tax to Rs 102.22 crore. Revenue from operations also surged by 20.8% YoY, reaching Rs 2,096.14 crore for the second quarter ended September 2025.