Cipla and Knowledge Marine feature among analysts' top stock picks for Tuesday, backed by bullish technical breakouts, improving momentum indicators and strong chart structures that signal further upside potential.
Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, seeking to raise over $180 million. Despite past losses, the company boasts rapid revenue growth and a global presence. Uber, a key investor, plans to buy shares. This offering will test investor appetite for the industry, which faces regulatory and operational challenges.
Power Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special swap arrangement. The five-year bond was priced at 105 basis points above US treasuries, attracting a substantial order book. This move capitalizes on the RBI's 1.5% fixed-rate swap for external borrowings, with other major Indian banks also planning similar issuances.
JSW Infrastructure has launched a Rs 7,503 crore QIP to fund expansion projects, reduce debt and pursue strategic acquisitions. The institutional share sale, priced at a discount to the market price, is expected to strengthen the company's balance sheet and support the next phase of growth in ports and logistics.
Indian markets ended higher on Monday, snapping Friday's pause in momentum. Investors will track US-Iran developments, technical levels, sectoral trends, weekly expiry volatility and key stock-specific action on Tuesday. Banking, utilities and healthcare stocks remained supportive, while broader market sentiment stayed positive despite monsoon-related concerns.
The Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee from plunging to record lows caused by the U.S.-Iran crisis and increasing oil costs. While gold stocks stayed stable, improving geopolitical conditions have bolstered the rupee's prospects, even as forex reserves fell to the lowest level in a year.
TCS will kick off the Q1FY27 earnings season on July 9, with its board set to consider an interim dividend alongside quarterly results. Investors will closely track management commentary on AI-driven demand, client spending trends, deal wins, margins and the broader outlook for the IT services sector.
Wall Street's major indexes opened little changed on Monday as investors returned from the long holiday weekend and awaited clarity on US-Iran negotiations,
MF Performance
Major Indices
