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Indo Farm Equipment’s IPO debut may have missed sky-high market expectations, but it didn’t disappoint. Opening at ₹256 on the NSE and ₹258.40 on the BSE—about a 19% premium over its IPO price—the stock quickly gained steam. Within minutes of its listing, the share price surged nearly 10%, hitting an intraday high of ₹287 on the NSE and ₹286.90 on the BSE. Market watchers attribute the muted initial performance to broader concerns, including reports of human metapneumovirus (HMPV) cases in India, which triggered some caution among investors. But the early jitters didn’t stop the stock from benefiting from a market rally, as traders swooped in to capitalize on the strong debut. Analysts have mixed views about Indo Farm Equipment’s valuation and future trajectory. The market buzz around Indo Farm Equipment isn’t just about its numbers—it’s also about timing. Concerns over HMPV cases in India and respiratory virus outbreaks globally have added a layer of uncertainty. With reports of cases in Karnataka and Gujarat, investors remain cautious, even as the broader market shows resilience. For now, Indo Farm Equipment has managed to secure a strong footing. Whether it can sustain the momentum will depend on its ability to deliver on growth promises amid an ever-evolving market landscape.

Paras Defence and Space Technologies saw its share price skyrocket by 10% on the morning of January 7, following the announcement that the company had been granted a lifetime license under the Arms Act, 1959. This license gives Paras Defence the green light to produce modernised, enhanced MK-46 and MK-48 Belt-fed Light Machine Guns (LMGs), with an impressive production target of 6,000 units annually. This move has the potential to significantly boost the company’s manufacturing capacity. The news caused a surge in the stock, pushing it to ₹1,066.50 per share, hitting the upper price limit. Prior to the announcement, the stock had opened at ₹960.65, slightly below its previous close of ₹969.55. By 10:05 AM, Paras Defence was up 6.8% at ₹1,035.30, bouncing back from its earlier dip. Despite the positive price jump today, in the past month, the stock has faced an 8% decline and a 33% drop over the last six months. However, looking at the longer term, it’s up 32% over the past year.

The detection of Human Metapneumovirus (HMPV) cases in India sent ripples across the stock market on Monday, triggering a nearly 5% crash in airline and hotel stocks. By Tuesday morning, some recovery was underway. At 10:24 a.m. IST, InterGlobe Aviation shares rose 1.28% to ₹4319.6, while SpiceJet inched up 1.47% to ₹53.8. TAJGVK Hotels & Resorts Limited gained 2.42% to ₹432.05, and Indian Hotels Company Limited rebounded 2.95% to ₹869.2. The broader market wasn’t immune to the HMPV-triggered jitters. The Ministry of Health confirmed five HMPV cases as of Monday evening, including two in Karnataka, two in Chennai, and one in Ahmedabad. Union Health Minister J.P. Nadda assured the public that the government is monitoring the situation closely. He added that the Health Ministry, ICMR, and the National Centre for Disease Control are keeping tabs on the HMPV outbreaks in China and neighboring countries. For now, the absence of travel restrictions or guidelines is helping contain panic, but markets remain on edge, with investors closely watching for further developments around the HMPV threat.

After a meteoric rise that turned heads across the market, ITI shares came crashing down, plunging 10% on January 7 to hit their lower circuit. This sharp drop came a day after the BSE and NSE demanded clarification on the stock’s dramatic movements, which had seen it soar over 43% in just two sessions. Opening strong at ₹572.40 on the BSE and ₹575.15 on the NSE, the stock quickly spiraled downward, hitting its lower price bands of ₹491.25 and ₹489.95, respectively. This dramatic shift follows an astounding rally: ITI shares had climbed 19% on Monday and 20% the previous Friday, setting the market abuzz. The exchanges’ inquiry into these abnormal movements highlights their efforts to ensure transparency and protect investors. ITI acknowledged the query in a filing but has yet to provide a response. What’s driving the rollercoaster? ITI, a PSU under the Department of Telecommunications, has been a favorite among investors lately, with its stock climbing over 75% in the past year and skyrocketing 180% since hitting a 52-week low of ₹210.20 in October. Strong financials and government-backed infrastructure initiatives have fueled this impressive performance.

The Indian rupee rebounded in early trading on Tuesday, buoyed by U.S. President-elect Donald Trump’s denial of a report suggesting his trade tariffs might not be as stringent as previously feared. By 10:10 a.m. IST, the rupee had strengthened to 85.6750 against the U.S. dollar, recovering from its record low of 85.84 hit on Monday. The Washington Post had reported that Trump’s aides were contemplating tariffs targeting sectors critical to national or economic security. Trump’s denial of this report provided support for the dollar, helping it recover some ground, although it still dipped about 1% against major global peers. The dollar index, which tracks the greenback against a basket of currencies, settled at 108.2, while Asian currencies, including the rupee, logged modest gains. Domestically, the rupee’s recovery was supported by dollar sales from at least two large foreign banks, likely acting on behalf of custodial clients, according to a state-run bank trader. Meanwhile, benchmark Indian equity indexes were back in the green, recovering from the previous session’s slump of over 1.5%.

MobiKwik’s Market Debut Sparks a Surge

Tuesday brought some relief to Indian markets after Monday’s bruising session. The Nifty 50 nudged up 0.3% to 23,686.1 points, while the BSE Sensex ticked 0.15% higher to 78,075. Energy stocks took the lead, lending some much-needed momentum to an otherwise cautious trading day. Monday’s slump—fueled by earnings jitters, human metapneumovirus (HMPV) fears, and persistent foreign outflows—was the steepest since early October 2024. But government reassurances downplaying HMPV risks seem to have calmed nerves. With quarterly earnings kicking off Thursday, analysts are betting these updates will set the tone for near-term market moves. 11 of the 13 major sectors closed in the green. The oil and gas index stole the spotlight, surging 1.5%. Oil and Natural Gas Corp (ONGC) surged 3.5%, basking in CLSA’s upgrade to “high conviction outperform.” Meanwhile, Bharat Petroleum Corporation gained 1.5%, while GAIL and Indraprastha Gas climbed 2.3% and 1%, respectively, following BPCL’s decision to list Maharashtra Natural Gas (MNGL).

Shares of Indian Metals & Ferro Alloys took a sharp 5% leap on January 6, catching investor attention after the latest shareholder update revealed that Dolly Khanna, the renowned investor, had quietly picked up a 1.16% stake in the small-cap metal company. This move stirred the market, as Khanna’s involvement with the stock wasn’t previously on the radar, with no stake or a holding under 1% noted in the prior quarter. Her buy—6,23,464 shares—was enough to draw attention, especially since companies are required to report when any shareholder crosses the 1% threshold. The stock’s sharp jump to ₹942.85 is a testament to the influence of Khanna’s name, which often acts as a seal of confidence for retail investors. Along with Khanna, another familiar name, Mukul Mahavir Agrawal, holds a stake in the company, though his share has slightly dipped from 6,00,000 shares to 5,99,128. Foreign portfolio investors (FPIs) are also taking a liking to the company, raising their stake from 3.10% to 4.03% in the December quarter. On the flip side, domestic institutional investors pulled back a bit, lowering their stake from 0.92% to 0.82%. This surge in interest has pushed the stock’s value up 84% over the past year, with a market cap nearing ₹5,000 crore. The company, which operates in the ferro chrome sector, has a strong setup with its substantial furnace capacity and captive power generation. It’s also serving some heavy hitters, including Jindal Stainless, POSCO, and Marubeni Corporation. For those keeping an eye on small-cap gems, Indian Metals & Ferro Alloys could be one to watch, especially with backing from prominent investors and growing institutional interest. The stock’s steady climb shows potential, but, as always, investors should tread carefully when chasing high-flying names.

Shares of FSN E-Commerce Ventures, the parent company behind Nykaa, made a solid leap on January 6, climbing 5.3% to hit ₹176.60, marking a two-week high. The upbeat move comes after the company dropped its Q3 FY25 update, and it’s clear that investors are loving what they see. Here’s the breakdown: FSN reported solid numbers for Q3, with net revenue growth expected to outpace GMV growth. This is a good sign of how well the company is translating gross merchandise value into real money. The beauty business is where the action is, showing strong momentum across e-commerce, retail stores, owned brands, and its expanding eB2B distribution arm. The beauty vertical alone should see a GMV jump in the low thirties, while net revenue growth comes in stronger than the mid-twenties. The eB2B side—Superstore by Nykaa—continues to expand fast, servicing 260,000 retailers in over 1,100 cities. That’s a 1% growth in its GMV share from the same time last year, and it’s only gaining steam. Over in fashion, things aren’t as hot right now, but the company expects net revenue growth of about 20%. Despite the cooling demand for online fashion, Nykaa remains bullish long-term. Looking ahead, Nykaa’s beauty business will keep its lead, with the company eyeing over 30% market share and significant growth by FY29. Fashion, though smaller, is expected to see its slice of the pie grow to 21% by then. FSN also has its eyes set on GCC markets after launching “Nysaa” last March. The region’s high consumption rates and rapid growth give Nykaa a prime opportunity to leverage its Indian success and scale up profitability. In short, FSN’s numbers paint a promising picture for the future. As long as they keep riding the beauty wave and strategically expand, this stock could be worth watching closely.