Market Bizzz

Dhillon Freight Carrier launched its IPO on September 29, aiming to raise Rs 10.08 crore by issuing 14 lakh shares at Rs 72 each, with subscriptions closing October 1. The logistics firm, reporting modest revenue growth and strong profit, intends to expand its vehicle fleet with the proceeds.

Om Metallogic is launching its IPO on September 29 to raise Rs 22.35 crore at Rs 86 per share. The company, which recycles aluminium scrap into alloys, reported strong financial growth with revenue up 55% and profit nearly doubled in FY25. Proceeds will fund expansion and working capital, though market caution exists due to no grey market premium.

This series aims to treat macroeconomics as a toolkit, not a lecture: Yes, it is long read; maybe boring. So why read it? Because what finally matters to the stock market is a company’s earnings. And what impacts earnings is the macroeconomic condition of a country. So, to understand the market, you have to understand macroeconomics and its elements. In this, Part 2 of the series, we look at Inflation.

Behari Lal Engineering and CSM Technologies have filed draft papers with Sebi for their IPOs. Behari Lal seeks to raise Rs 110 crore via fresh issue and OFS, while CSM plans a pure fresh issue of 1.29 crore shares to fund growth and expansion.

Rajesh Palviya of Axis Securities sees Nifty and Bank Nifty under pressure, with key levels likely to dictate moves. He expects IT stocks to remain weak and advises selective trades in Ashok Leyland and Biocon.

President Trump announced new 100 percent import taxes on branded pharmaceuticals. These tariffs begin October 1. Companies building US manufacturing plants will be exempt. Major drugmakers like Merck and Lilly saw slight share increases. Analysts predict minimal impact on large firms. Smaller drugmakers might face vulnerability. Generic medicines remain unaffected by this new policy.

VIP Industries’ promoter entities sold stakes worth Rs 343 crore via bulk deals at a 9% discount, with Multiples Private Equity and Samvibhag Securities among the buyers. The company’s shares closed down 4.01% on Friday, continuing a 28% decline over the past year amidst a recent net loss.

Crisil Ratings revised Muthoot Microfin’s outlook to ‘positive’ from ‘stable’, reaffirming ‘A+’ rating. Despite asset quality stress, strong collections, adequate provisioning, and continued parent support underpin the microfinance lender’s stability and resilience in FY26.

The allotment of shares for Jaro Education’s ₹450 crore IPO is expected to be finalized today. Investors who applied for the issue can check their status online via the BSE, NSE, or registrar Bigshare Services. The shares will be credited to demat accounts by September 29, with listing scheduled on September 30, where the issue is expected to debut at a premium.

Anand Rathi Share and Stock Brokers’ ₹745 crore IPO allotment will be finalized on Friday, with shares listing on NSE and BSE on September 30.