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MP Steel Limited filed IPO papers with SEBI for a Rs 95 crore fresh issue and a 23.07 lakh-share OFS. The company makes stainless-steel products and plans to use the money to set up a new manufacturing facility. It currently sells goods across many states and exports to 21 countries.
Augmont Enterprises IPO got subscribed 2.74 times by the afternoon of August 21, 2026. The non-institutional investor category led the bidding process during the second day. The issue remains open for investors until August 25. Many people showed interest in the shares, which are priced between ₹750 and ₹788 each.
AI is reshaping corporate earnings as the proportion of countries expecting a decline fell to 5 percent. The MSCI All-Country World Index is up 13.4 percent this year, reaching near all-time highs. While chipmakers lead this boom, massive infrastructure spending by tech giants now benefits power and construction firms too.
Indian car makers saw strong sales growth, but profits fell due to rising commodity prices and currency shifts. Maruti Suzuki’s sales rose 29.3% to record levels, yet net profit fell 10.8%. Ravi Bhatia said, "Higher volumes normally provide operating leverage. In the current environment, part is absorbed by higher costs."
Bank Nifty snapped two-day gains to trade in red on August 24. At 2:50 pm, the index fell 0.7% to 57,359.35 as PSU banks led the losses. "For Bank Nifty, 57,500 remains the key trend-deciding level," said Shrikant Chouhan. Many other financial stocks also got hit during the session.
Nomura gave a Buy rating to Hyundai Motor India with a target price of Rs 2,498. The brokerage said the company remains confident of delivering 8-10 per cent volume growth in FY27. New model launches and better operating leverage should help the automaker as shares fell 0.31 per cent Monday.
Shankesh Jewellers IPO will list on the BSE and NSE on 25 August. The shares currently show a grey market premium of ₹2 per share against the ₹93 upper price band. Investors should note that the GMP is an unofficial indicator and is subject to considerable fluctuations ahead of listing.
The Tempsens Instruments (India) IPO has a price band of ₹300 and a grey market premium of ₹313. Bidding for this issue will end at 5:00 PM today. Analysts said, "The company may command a valuation premium." Investors got a few hours left to apply before the allotment process starts.
Welspun Corp shares rose over 3% on Monday after a 15% jump on Friday following a $1.8 billion order. While investors are happy, the company must secure more wins beyond FY29. Management said, "the Ebitda margin in the US business is likely to be $250-300 per tonne" for this project.
The Pradhan Mantri Skilling and Employability Transformation through Upgraded ITI (PM-Setu) initiative has started to align human resources with development goals. With an outlay of ₹60,000 crore, the programme will upgrade 1,000 government ITIs. This structural reform aims to prepare young Indians for high-quality employment and build essential human capital.
Domestic equity benchmarks fell into negative territory by midday trade, with the Nifty hovering around 24,190. Despite the broader market dip, stocks like Vishal Mega Mart, Hexaware, and Urban Company got strong gains. Investors showed interest in these companies as they shared positive business updates and new growth plans today.
Sugar stocks like Balrampur Chini, Dhampur Sugar, and Uttam Sugar Mills rallied up to 11% on Monday. Prices climbed above Rs 50 per kg due to tight inventories and supply concerns. Festive demand and bad weather in key regions pushed prices up, while the government tightened stock limits to curb hoarding.