Stock market analysis and stories by Ruchir Sankhla

04 Aug 2026

Five stocks to buy from analysts this week - August 4, 2026

1. Netweb Technologies India:

ICICI Securities maintains its ‘Buy’ rating on this IT company, with a price of Rs 5,360, an upside of 12.6%. The company’s Q1FY27 net profit rose 20.9% QoQ, while revenue grew 5.9%. Faster delivery of orders for AI systems, high-performance computing, and private cloud platforms drove this growth.

The company benefits from India's rising investments in AI infrastructure. During the quarter, Netweb completed orders worth Rs 430 crore under the government’s IndiaAI Mission. Management forecasts demand to remain strong over the next two years. Analysts Seema Nayak and Ruchi Mukhija note that the company is expanding into high-growth areas, including digital replicas of machines, AI-powered physical systems and quantum computing.

Netweb’s potential order pipeline exceeds Rs 10,400 crore, a 151% YoY increase. Management anticipates converting about 60% of these prospects into firm orders, offering clear revenue visibility.

Nayak and Mukhija expect Netweb to outpace the broader IT industry, fueled by rising AI adoption and government digital spending. They project revenue to nearly double in FY27 while the company maintains healthy profit margins.

2. Radico Khaitan:

ICICI Direct maintains its ‘Buy’ rating on this liquor maker, with a target price of Rs 5,100, an upside of 14.6%. Analysts Kaustubh Pawaskar and Abhishek Shankar remain optimistic after a strong Q1FY27 performance. Ramp-up of the premium and luxury liquor portfolio boosted revenue by 11.8% YoY, while net profit jumped 75.9% on premiumisation.

The premium and above (P&A) segment led this performance with a 36% volume increase, driven by record quarterly sales of Magic Moments Vodka. Consequently, management raised its FY27 P&A volume growth guidance from 20% to 25%. The company aims to clear its net debt by Q2, as it plans no major expansion capital expenditure and will focus only on routine maintenance.

Pawaskar and Shankar expect premium brands to continue driving growth and improving profit margins. They forecast EBITDA margin to reach approximately 21% by FY28 through cost controls and better factory utilisation. Eliminating debt will also allow Radico to return capital to shareholders or fund future acquisitions.

3. Indegene:

IDBI Capital initiates coverage on this healthcare services provider with a ‘Buy’ rating and a target price of Rs 620, implying an upside of 12%. The company reported mixed Q1FY27 results, as revenue rose 39.5% YoY, driven by demand for life sciences commercialisation, medical affairs, and enterprise services. However, rising staff and finance costs kept net profit flat at Rs 116.2 crore.

Analysts Saptarshi Mukherjee and Darshan Bhutra believe that rising drug development costs, patent expiries, and increased outsourcing by pharmaceutical companies will drive long-term revenue growth. Indegene expanded its client base beyond its top 20 accounts, doubling its mid-sized and emerging biotech clients to 53. This diversification reduces client concentration risk and taps into innovative biopharma firms that lack in-house marketing setups.

Mukherjee and Bhutra note that as the only listed, pure-play life sciences commercialisation specialist in India, Indegene commands a unique market position. They project both revenue and net profit to grow at a CAGR of about 18% through FY28, supported by improving margins, strong cash generation, and competitive advantages in pharmaceutical outsourcing.

4. PN Gadgil Jewellers:

Motilal Oswal reiterates its ‘Buy’ rating on this jewellery retailer, with a target price of Rs 825, implying a 26.1% upside. The retailer delivered robust Q1FY27 results, as revenue grew 41% YoY on higher retail and same-store sales. Customer footfall rose, with a high 92% conversion rate.

Analysts Naveen Trivedi and Amey Tiwari project strong revenue growth in FY27, citing healthy consumer demand, a greater share of studded jewellery, and solid brand equity. Management plans to expand through franchise stores and a focused regional strategy. Because wedding demand shifted to later quarters, the company has a clear path to open 25 new stores in H2FY27.

Trivedi and Tiwari expect profit margins to remain steady. Increased proportion of studded jewellery and old-gold exchanges will help offset volatile gold prices. They add that cost controls, gold hedging, and expansion into Uttar Pradesh will improve operational efficiency. Analysts forecast revenue and net profit to grow at a CAGR of 19% and 20%, respectively, over FY27–28.

5. Coforge:

Axis Direct maintains its ‘Buy’ rating on this IT services company, with a target price of Rs 2,275, an upside of 30%. In Q1FY27, revenue rose 24.2% QoQ, driven by steady deal execution and the successful integration of US-based AI firm Encora. Analysts Kuber Chauhan and Abhishek Bhalotia highlight that Coforge maintains the IT industry's lowest attrition rate at 10.4%.

Management remains confident about future growth, supported by a record 12-month executable order book of $2.2 billion, up 44% YoY. The company secured $691 million in orders during the quarter and expects more large deals in Q2. The Encora acquisition expands Coforge's footprint in healthcare and high-tech while opening new cross-selling paths.

Coforge reaffirmed its FY27 guidance, projecting an EBITDA margin of 20.5-21%. AI remains a priority, with teams using AI-led delivery models in over 30% of active projects. Chauhan and Bhalotia expect Coforge to outperform peers through strong execution and its expanding AI capabilities. They forecast annual revenue and net profit to grow by 32.1% and 41.5%, respectively, over FY27-28.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)

TREND | 03 Aug 2026

IPO market buzzes as KKR-backed LEAP India lines up Rs 2,480 crore issue

Trendlyne Analysis released a IPO Note report for IPO on 10 Aug, 2026.

The Nifty 50 closed higher on August 3, supported by a sharp fall in crude oil prices to around $83 per barrel after US President Donald Trump said talks with Iran would take place today. The rupee also strengthened to its highest level in nearly a month.

Last week, Indian markets posted their strongest weekly gain since April 2026. The Nifty 50 rose 2.6%, helped by lower crude oil prices, strong industrial production data, improving monsoon conditions and encouraging Q1 earnings. Foreign investors also turned net buyers, with purchases of equities worth Rs 5,950 crore during the week.

Looking ahead, investors will track the Reserve Bank of India’s policy decision on August 5, the services PMI data, US-Iran developments, crude oil prices and foreign investor activity.

Siddhartha Khemka, Head of Research, Wealth Management, at Motilal Oswal, said, “Indian equities are expected to trade with a positive bias as healthy domestic macros and a strong Q1FY27 earnings season continue to support investor confidence."

The IPO calendar remains busy, with nine companies set to make their market debut this week and seven fresh issues opening for subscription. This follows nine listings across the mainboard, SME and InvIT segments last week.

INDO-MIM and Shree Balaji lead nine IPO debuts

Cube Highways Trust, an infrastructure investment trust (InvIT), made a positive debut on August 3. The Rs 5,000 crore issue was subscribed 9.3x and listed at a 2.7% premium to its issue price of Rs 152. The trust plans to use the proceeds to provide liquidity to its existing unitholders, as the issue was an offer for sale (OFS) only. The unit is currently trading 3% above its issue price.

Lohia Corp, listed on July 30 at an 8.5% premium to its issue price of Rs 425. The Kanpur-based textile machine manufacturer’s Rs 1,102.1 crore IPO was subscribed 7.3x. The company plans to use the proceeds to provide an exit for existing shareholders, as the issue was entirely an OFS. The stock is currently trading 23.7% above its issue price.

Xtranet Technologies also opened above its issue price on July 30, but failed to hold on to its listing gains. Shares of this IT solutions and digital transformation services provider listed at a 7.1% premium after its Rs 166.8 crore IPO received 12.2x subscription. The stock has since slipped and is trading 2.4% below the issue price of Rs 127.

INDO-MIM recorded the strongest mainboard debut of the week. The metal injection moulding manufacturer listed at a 44.3% premium to its issue price of Rs 485 after its Rs 3,812.1 crore IPO was subscribed 72.3x. The stock has extended its gains and is currently trading nearly 58.8% above the issue price.

INDO-MIM extends gains, while Xtranet slips below issue price

Five SME IPOs also entered the market this week.

Silverstorm Parks and Resorts, a Kerala-based amusement park and resort operator, made a muted debut on July 31. The Rs 82.4 crore IPO was subscribed 1.8x and listed marginally below its issue price of Rs 133. It plans to use the funds to expand its existing properties and establish a snow park in Lucknow. The stock has weakened further and is now trading 9.6% below the issue price.

Shree Balaji Mala Textiles delivered the week’s strongest listing. Shares of the Gujarat-based cotton saree manufacturer debuted at a 90% premium to the issue price of Rs 70 after the Rs 18.9 crore IPO was subscribed 186.3x. Although the stock has eased gains from its listing level, it remains nearly 62.9% above the issue price.

Metalic Technoforge, a Rajkot-based precision-engineered metal components manufacturer, made a strong debut on July 28. The Rs 50 crore IPO was subscribed 8x and listed at a 13% premium to its issue price of Rs 77. The company plans to use the proceeds to fund capital expenditure for a new manufacturing unit. The stock is currently trading 31% above its issue price.

Propshop Events had the weakest debut of the week. The events and exhibitions management company listed at a 20% discount to its issue price of Rs 69 on August 3. Its Rs 28.6 crore IPO was subscribed only 1.5x, and the stock is now trading 17.2% below the issue price.

Advance Technoforge, a Rajkot-based precision forged components manufacturer, made a weak debut on August 3. The Rs 24 crore IPO was subscribed 1.5x and listed at a 1.1% discount to its issue price of Rs 95. The company plans to use the proceeds to purchase precision machining machinery. The stock is currently trading 6% below its issue price.

From hospitals to packaging: Nine IPOs head for listing

Manipal Health Enterprises, a pan-India network of multispeciality hospitals, received bids for 4.9x the shares on offer before its Rs 9,275.2 crore IPO closed on July 31. The company will use most of the fresh capital to reduce debt and acquire a minority stake in Sahyadri Hospitals. Its shares will list on August 5.

MV Electrosystems, a manufacturer of power electronics and propulsion systems, opened its Rs 290 crore IPO for subscription on July 30 and closed on August 3 (today). As of the final day, the issue saw strong investor interest with an overall subscription of 176.1x. The company intends to strengthen its working capital position and invest in research and development. The shares will debut on August 6.

Juniper Green Energy, a renewable energy power producer, opened its Rs 1,800 crore IPO for subscription on July 30 and closed on August 3 (today). As of the final day, the issue saw healthy investor interest with an overall subscription of 6.8x. The company plans to use the capital to invest in its subsidiaries for solar, wind and hybrid power projects. The stock will list on August 6.

Investors crowd into MV Electrosystems

Six SME issues are also set to debut.

Poojaa Precision Engg, a precision engineering components manufacturer, opened its Rs 159.8 crore IPO for subscription on July 28 and closed on July 30. The issue saw exceptional demand, closing with an overall subscription of 259.4x. The company plans to use the proceeds to set up a new manufacturing facility and meet working capital requirements. The shares will list on August 4.

H R Hygiene Products, a manufacturer of hygiene products, opened its Rs 54 crore IPO for subscription on July 29 and closed on July 31. The issue saw healthy investor demand, closing with an overall subscription of 6.3x. The shares will list on August 5.

Oneindig Technologies, a renewable energy company, opened its Rs 27.7 crore IPO for subscription on July 30 and closed on August 3 (today). As of the final day, the issue saw a muted response with an overall subscription of 1.6x. The shares will list on August 6.

Dhaval Packaging, a packaging solutions provider, opened its Rs 36.4 crore IPO for subscription on July 30 and closed on August 3 (today). As of the final day, the issue saw strong demand with an overall subscription of 40.4x. The company plans to use the proceeds to fund its Sanand plant expansion. The shares will list on August 6.

G V Electricals, an electrical operations and maintenance service provider, opened its Rs 42.3 crore IPO on July 31 and will close the issue on August 4. By the second day of bidding, the offering was subscribed 16.4x, led by strong demand from retail and non-institutional investors. The company plans to use the funds for business expansion, while its shares will list on August 7.

Fusion Klassroom Edutech also opened its Rs 39 crore IPO on July 31, with bidding set to close on August 4. As of the second day, the issue was subscribed 0.9x. The edtech firm will invest the proceeds in technology and AI infrastructure, educational content and marketing. Its shares will debut on August 7.

Three mainboard and four SME IPOs fill the week’s calendar

Ardee Industries, an energy storage recovery and non-ferrous scrap recycling company, will open its Rs 425.9 crore IPO from August 5 to August 7. The price band is set at Rs 50–53 per share, and the issue includes both fresh shares and an OFS. The stock will list on August 12.

Leap India, a supply chain and logistics asset pooling provider, will launch its Rs 2,480 crore IPO for subscription from August 7 to August 11. The price band is set at Rs 151–159 per share. The issue comprises a fresh share sale and an OFS, with the listing set for August 14.

Technocraft Ventures, an infrastructure development company, will also enter the market on August 7. Its Rs 251.9 crore issue, priced at Rs 200–212 per share, will remain open until August 11. The company will issue fresh shares alongside an OFS and list on August 14.

Ardee Industries leads, Technocraft Ventures lags

Four SME IPOs are also lined up.

Anawil Wire Engineering, a manufacturer of windmill towers and steel structures, will launch its Rs 177.8 crore IPO from August 3 to August 5. The price band is set at Rs 257–270 per share. The shares will list on August 10.

Aegeus Technologies, a robotic automation solutions developer, will open its Rs 23.7 crore IPO from August 4 to August 6. The funds will be used for product development, expanding manufacturing facilities and purchasing equipment. The shares will list on August 11.

LAPL Automotive, an automotive components and accessories manufacturer, will launch its Rs 32.4 crore IPO from August 6 to August 10. The fresh issue will fund a new manufacturing facility for automotive lighting systems, electrical accessories and electronic components. The shares will list on August 13.

Optimystix Entertainment, a television, film, and digital content production company, will open its IPO from August 7 to August 11. The offering includes fresh shares and an OFS, while the market debut is scheduled for August 14.

TREND | 27 Jul 2026

Billion-dollar IPOs keep India’s primary market buzzing

Trendlyne Analysis released a IPO Note report for IPO on 10 Aug, 2026.

The Nifty 50 closed higher on July 27, rebounding after five straight sessions of losses, as a sharp fall in crude oil prices and optimism around corporate earnings lifted investor sentiment.

The recovery came after the US and Iran paused attacks over the weekend, easing immediate concerns over a wider conflict in West Asia. Brent crude oil prices fell to near $85 per barrel after crossing the $100 mark last week, easing inflation concerns.

Investors will track the US Federal Reserve’s policy decision, US GDP and inflation data, crude oil prices, rupee movement, foreign investor activity and India’s June IIP data.

Ajit Mishra, SVP, Research at Religare Broking, said, “Developments surrounding the US-Iran conflict, shipping activity through the Strait of Hormuz, and movements in crude oil prices will remain key drivers of global risk sentiment.”

The primary market remains active this week, with three mainboard IPOs, one InvIT and three SME issues set to list, while three mainboard and eight SME IPOs open for subscription, following six market debuts last week.

Millworks leads six IPO debuts with a 90% listing premium

SBI Funds Management, India's largest asset management company, made a positive debut on July 21. The Rs 9,813 crore IPO was subscribed 41.7x and listed at around a 6.8% premium to its issue price of Rs 574. Since the offering was entirely an offer for sale (OFS), the company did not receive any proceeds from the issue. The stock is currently trading 1.6% above its issue price.

Alpine Texworld, an Ahmedabad-based textile manufacturer, made a flat debut on July 21. The Rs 126.3 crore IPO was subscribed 1.4x and listed at its issue price of Rs 105. The company plans to use the proceeds from the issue to set up a new weaving unit. The stock is currently trading 22.6% below its issue price.

Caliber Mining and Logistics, a coal mining and logistics service provider, made a strong debut on July 24. The Rs 450 crore IPO was subscribed 146.6x and listed at an 18% premium to its issue price of Rs 424. The company plans to use the fresh issue proceeds for capital expenditure on commercial vehicles, plant and machinery. The stock is currently trading 34.6% above its issue price.

Caliber Mining surges while Alpine slips below the issue price

Three SME IPOs also entered the market last week.

Millworks Technologies, a precision engineering company, delivered a stellar debut on July 21. The Rs 160.3 crore IPO was subscribed 193.2x and listed at a 90% premium to its issue price of Rs 331. The company plans to use the proceeds to purchase new plant and machinery. The stock is currently trading 139.3% above its issue price.

Sotefin Bharat, a parking solutions provider, made a positive debut on July 23. The Rs 89.8 crore IPO was subscribed 3.8x and listed at a 9.6% premium to its issue price of Rs 187. The company plans to use the proceeds to set up a new manufacturing facility in Kolkata. The stock is currently trading around 8.7% above its issue price.

Gulf Lloyds, a third-party inspection, testing, auditing and certification services provider, made a flat debut on July 27. The Rs 18.2 crore IPO was subscribed 10.3x and listed at its issue price of Rs 100. The company plans to use the capital to expand its office premises. The stock is currently trading 5% below its issue price after hitting the lower circuit.

Millworks stands out among six new market entrants

INDO-MIM, a Bengaluru-based precision engineering components manufacturer, opened its Rs 3,812.1 crore IPO for subscription on July 23 and closed on July 27. As of the final day, the issue saw a strong response with an overall subscription of around 70.8x. The shares will list on July 30.

Xtranet Technologies, an IT solutions and enterprise applications provider, opened its Rs 166.8 crore IPO for subscription on July 23 and closed on July 27. As of the final day, the issue saw steady investor interest with an overall subscription of 11.3x. The company plans to use the proceeds for systems and hardware expenditure. The shares will list on July 30.

Lohia Corp, a manufacturer of textile machinery, opened its Rs 1,102.1 crore IPO for subscription on July 23 and closed on July 27. By the close, the issue saw a muted response with an overall subscription of 4.8x. Since the offering consists entirely of an offer for sale (OFS), the company will not receive any funds. The shares will list on July 30.

Cube Highways Trust, an infrastructure investment trust (InvIT), opened its Rs 5,000 crore public issue for subscription on July 22 and closed on July 24. The issue saw healthy demand, closing with an overall subscription of 9.3x. Since the offering consists entirely of an OFS, the trust will not receive any funds. The units will list on July 31.

Institutions crowd into INDO-MIM

Three SME issues are also set to debut.

Metalic Technoforge, a precision-engineered forged and machined metal components manufacturer, opened its Rs 50 crore IPO for subscription on July 21 and closed on July 23. The issue saw healthy investor demand, closing with an overall subscription of 8x. The company plans to use the proceeds to set up a new manufacturing unit and upgrade its existing facilities. The shares will list on July 28.

Shree Balaji (Mala) Textiles, a West Bengal-based manufacturer and distributor of cotton sarees, opened its Rs 18.9 crore IPO for subscription on July 22 and closed on July 24. The issue saw exceptional demand, closing with an overall subscription of 186.3x. The shares will list on July 29.

Silverstorm Parks and Resorts, an amusement park and tourism company, opened its Rs 82.4 crore IPO for subscription on July 24 and will close on July 28. As of the second day, the issue saw a weak response with an overall subscription of 0.8x. The company plans to use the proceeds to set up a new snow park in Lucknow and expand its Athirappilly Theme Park. The shares will list on July 31.

Rs 9,275 crore Manipal Health issue leads the upcoming calendar

Manipal Health Enterprises, a hospital network and healthcare service provider, will open its Rs 9,275.2 crore IPO for subscription from July 29 to July 31. The price band is set at Rs 560–590 per share. The company plans to use the fresh proceeds mainly to repay debt and fund the acquisition of a minority stake in Sahyadri Hospitals. The stock will list on August 5.

Juniper Green Energy, a renewable energy power producer, will launch its Rs 1,800 crore IPO for subscription from July 30 to August 3. The price band is set at Rs 214–225 per share. The issue consists entirely of a fresh equity issue of 8 crore shares. The company plans to use the capital to invest in its subsidiaries for solar, wind and hybrid power projects. The stock will list on August 6.

MV Electrosystems, an electrical and power electronics equipment manufacturer, will open its Rs 290 crore IPO for subscription from July 30 to August 3. The price band is set at Rs 400–425 per share. The company plans to use the proceeds for research and development (R&D) for new power electronic equipment. The stock will list on August 6.

Juniper Green reports the highest revenue growth

Eight SME IPOs are also lined up.

Propshop Events and Exhibitions, an exhibition and trade show solutions provider, will launch its Rs 28.6 crore IPO from July 27 to July 29. The price band is set at Rs 65–69 per share. The shares will list on August 3.
Advance Technoforge, a precision machine components manufacturer, will open its Rs 24 crore IPO from July 27 to July 29. The offering is a fixed-price issue set at Rs 95 per share. The company plans to use the capital for new machinery. The shares will list on August 3.
Poojaa Precision Engg, an aluminium die-casting and machined-components manufacturer, will launch its Rs 159.8 crore IPO from July 28 to July 30. The company plans to use the capital for setting up a new manufacturing facility in Pune. The shares will list on August 4.
H. R. Hygiene Products, a manufacturer of hygiene and personal care products, will open its Rs 54 crore IPO from July 29 to July 31. The price band is set at Rs 83–88 per share. The shares will list on August 5.
Dhaval Packaging, a plastic packaging solutions provider, will launch its Rs 36.4 crore IPO from July 30 to August 3. The price band is set at Rs 92–97 per share. The offering is entirely a fresh issue. The shares will list on August 6.
Oneindig Technologies, a solar energy solutions provider, will open its Rs 27.7 crore IPO from July 30 to August 3. The issue price is set at Rs 91-96 per share. The shares will list on August 6.
Fusion Klassroom Edutech, an edtech firm, will open its Rs 39 crore IPO for subscription from July 31 to August 4. The offering is a combination of a fresh issue and an OFS. The shares will list on August 7.
G V Electricals, an electrical operations and maintenance service provider, will launch its Rs 42.3 crore IPO from July 31 to August 4. The company plans to use the funds for business expansion. The shares will list on August 7.

22 Jul 2026

Which stocks did superstar investors buy in Q1FY27?

Indian equity markets remained volatile in Q1 as the conflict in West Asia unsettled energy markets and fuelled concerns over inflation and economic growth. Against this backdrop, marquee superstar investors made only selective changes to their portfolios.

RARE Enterprises reported no fresh purchases during the quarter, while Ashish Kacholia, Sunil Singhania, Vijay Kedia, Dolly Khanna and Porinju Veliyath either added new stocks or increased stakes in existing holdings. Together, they reported higher stakes or new investments in 15 companies, with Porinju Veliyath making the highest number of stake increases and Sunil Singhania adding the most new stocks.

Despite the selective buying, the public portfolio values of all six investors increased during the quarter. The chart below shows the changes in superstar investors' current portfolios. Note that the portfolio reflects changes in both current holdings and new buys & sells.

Each superstar investor’s portfolio reflects their unique investing style and sector preferences. The following chart gives a breakdown of the dominant sectors in each investor’s portfolio.

Sector preferences vary among superstars - RARE Enterprises leans towards textiles, apparel and accessories, while Ashish Kacholia and Sunil Singhania favour the general industrials sector.

Vijay Kedia’s preferred industry is automobiles and auto components. Dolly Khanna’s largest holding is in the oil & gas sector, and Porinju favours software.

Four companies entered superstar portfolios during the quarter. Sunil Singhania made two additions, while Ashish Kacholia and Vijay Kedia added one each.

Among the new additions in Q1FY27, Sunil Singhania’s investment in Afcom Holdings was the standout performer, with the stock surging 60.7% over the past three months. Ashish Kacholia’s new buy, Asian Energy Services, followed with a 12.2% gain.

Singhania’s TTK Healthcare also rose 8.8%, while Vijay Kedia’s investment in mining-equipment maker Eimco Elecon gained 6.5% during the period.

RARE Enterprises stays on the sidelines

The portfolio of Rakesh Jhunjhunwala, now managed by Rekha Jhunjhunwala and RARE Enterprises, increased 18.6% QoQ to Rs 67,382.8 crore in Q1FY27.

Despite the strong rise in portfolio value, RARE Enterprises reported no new buys or stake increases during the quarter. This suggests that the increase was largely driven by gains in its existing holdings rather than fresh investments.

Ashish Kacholia deepens his industrial capex bets

Ashish Kacholia’s public portfolio value rose 30% to Rs 2,896.6 crore in Q1FY27. His purchases align with the industrial capex theme, spanning energy services, electrical products, aerospace and defence. General industrials account for 30.7% of his portfolio.

His key move was a new 1.2% stake in Asian Energy Services. The company is expanding beyond seismic surveys into oilfield operations and mining services, broadening its exposure into the energy and mineral sectors.

He also increased his stake in Indo SMC by 0.6%, taking his holding to 3.1%, strengthening his exposure to electrical composite products. A smaller increase in TechEra Engineering points to continued conviction in domestic aerospace and defence manufacturing.

Sunil Singhania leads new purchases in Q1

Sunil Singhania was the most active in Q1FY27 in terms of new buys, adding Afcom Holdings and TTK Healthcare while raising his stakes in Arvind Fashions and Cyient DLM. His public portfolio value climbed 41.7% to Rs 2,845.3 crore.

His standout bet was a new 2% stake in Afcom Holdings, valued at Rs 77 crore. The international cargo airline serves growing trade routes across Asia and transports pharmaceuticals, perishables and high-value cargo. The stock surged 60.7% in three months, making it the best-performing new buy.

Singhania also acquired a new 2.1% stake in TTK Healthcare, adding exposure to medical devices and consumer healthcare. He nearly doubled his holding in Arvind Fashions from 1% to 1.8%, signalling confidence in branded apparel demand.

His Cyient DLM stake rose from 2% to 2.3%, strengthening exposure to electronics manufacturing for aerospace, defence and industrial customers. Overall, the purchases combine growth opportunities in air cargo and high-reliability manufacturing with relatively stable healthcare and consumer businesses.

Vijay Kedia adds exposure to mining equipment and solar manufacturing

Vijay Kedia used Q1FY27 to increase exposure to two capital-intensive themes, mining equipment and solar manufacturing. His public portfolio value rose 48.4% to Rs 1,366.4 crore.

His key move was a new 1.5% stake in Eimco Elecon. The company manufactures equipment used in underground and open-cast mining, positioning it to benefit from higher spending on mining capacity. The stock gained 13.4% over the past month.

Kedia also raised his stake in Websol Energy System from 1% to 1.1%. The company manufactures solar cells and modules, giving him continued exposure to India’s expanding renewable-energy manufacturing ecosystem.

Overall, the quarter’s purchases show Kedia combining a fresh industrial-capex bet with a higher stake in an existing clean-energy holding.

Dolly Khanna adds a hospitality counterweight to her oil-heavy portfolio

Dolly Khanna made just one purchase in Q1FY27, even as her public portfolio value surged 73.5% to Rs 311.4 crore. This indicates that the rise was driven mainly by gains in existing holdings rather than aggressive buying.

She increased her stake in Savera Industries from 1.1% to 1.7%. The company operates the Savera business hotel in Chennai, adding hospitality exposure to Khanna’s otherwise commodity-heavy portfolio.

The purchase also provides a small counterweight to her highly concentrated oil & gas exposure, which accounts for 76.7% of her portfolio. Overall, the move suggests selective diversification rather than a shift away from her core commodity-focused strategy.

Porinju Veliyath raises stakes in five companies

Porinju Veliyath’s public portfolio value increased 5.9% to Rs 225.1 crore. While he made no new additions, he raised his holdings in five existing investments.

Veliyath made his largest addition in AeonX Digital, raising his stake by 0.7% to 3.7%. He also increased his holding in friction-material manufacturer Sundaram Brake Linings by 0.4% to 1.7%.

The investor added 0.2% in marketing-services company R K Swamy, taking his holding to 1.4%. He also increased his stakes in real estate technology company Aurum PropTech and hospitality-services company Apollo Sindoori Hotels.

Aurum PropTech was the largest of these five holdings by value at Rs 105.5 crore. Overall, the quarter’s activity shows him strengthening his core digital bets while spreading smaller additions across consumer-facing and industrial businesses.

21 Jul 2026

Five stocks to buy from analysts this week - July 21, 2026

1. Bharat Heavy Electricals:

ICICI Securities maintains its ‘Buy’ rating on this power equipment manufacturer, with a target price of Rs 520, an upside of 25.8%. BHEL reported a strong Q1FY27, with revenue rising 40% YoY, led by higher sales in the power segment. The company also reported an operating profit of Rs 503.8 crore, compared with a loss of Rs 537 crore a year earlier. This improvement came as BHEL completed work faster on recently won, highly profitable contracts instead of older, lower-margin ones.

The company received new orders worth Rs 26,700 crore during the quarter, taking its order book to Rs 2.6 lakh crore. This is more than seven times its revenue over the past 12 months. Management anticipates further growth from thermal power, nuclear, defence and coal gasification. Analysts Mohit Kumar and Mahesh Patil believe the government's target of adding 97 GW of thermal capacity by FY35 will drive future orders.

Kumar and Patil expect project completion to grow at a CAGR of 13% over FY27-28. They see margins improving as better-priced projects lift revenue quality, higher volumes improve fixed-cost absorption, and relaxed sourcing rules for 21 critical inputs potentially lower procurement costs.

2. Tech Mahindra:

Motilal Oswal maintains its ‘Buy’ rating on this IT services company, with a target price of Rs 1,900, an upside of 20.5%. Analysts Abhishek Pathak and Keval Bhagat remain positive on Tech Mahindra after the company reported healthy Q1FY27 results, where revenue grew 4.2% QoQ and beat Forecaster estimates. The company also secured new contracts worth $1.1 billion, up 33% YoY, providing robust revenue visibility for the coming quarters.

Management expects Tech Mahindra to outgrow the broader IT industry in FY27 as recently won telecom contracts begin generating revenue in Q2. Meanwhile, they highlight that banks and financial companies are upgrading payment systems and wealth-management platforms, fueling demand. Analysts note that the communications business, which had weighed on growth over the past two years, is now turning into a growth driver, supported by client spending and deal ramp-ups.

Pathak and Bhagat predict Tech Mahindra will become one of the fastest-growing large IT companies over the next two years. They raised their revenue growth forecasts to 7.1% for FY27 and 7.6% for FY28, citing faster order execution and stronger business visibility.

3. South Indian Bank:

Anand Rathi retains its ‘Buy’ call on this private bank, with a target price of Rs 61, implying an upside of 29%. The bank reported strong Q1FY27 results. Revenue jumped 11.2% YoY, driven by improvements in the retail and wholesale banking segments, while net profit climbed 17.3%, thanks to lower provisions and contingencies.

Analysts Yuvraj Choudhary and Sagar Rungta see healthy long-term growth ahead. They attribute the bank’s surging loan growth to momentum across retail, agriculture, and small and medium enterprise (SME) segments. On the deposit side, the bank attracted more current accounts, savings accounts, and retail deposits. The analysts forecast mid-teens credit growth, fueled by continuous demand from retail and SME customers.

Choudhary and Rungta highlight margins to remain stable, as any pressure on the funding cost front is likely to be offset by improving loan mix. Lower slippages and healthy recoveries underscore the resilience of the bank’s loan book. They add that a favourable shift toward high-yield products will improve fee income going forward. Analysts expect the bank to deliver a net interest income CAGR of 16% and a net profit CAGR of 10.8% through FY28.

4. Poonawalla Fincorp:

Deven Choksey upgrades this non-banking financial company to ‘Buy’, with a target price of Rs 600, an upside of 29.5%. Analyst Maahir Mani views the transition as a long-term structural turnaround rather than a temporary earnings beat. In Q1FY27, net profit surged ~5x YoY, and revenue jumped 77%, beating Forecaster estimates. Growth was driven by strong net interest income and fee income, while assets under management (AUM) grew 62.5%.

Management expects AUM to grow at a CAGR of 35–40% over the next few years. Growth will be supported by six recently launched products, including personal, gold, education and consumer durable loans, as well as financing for commercial vehicles and small shopkeepers. The analyst highlights that these businesses already contribute 16% of AUM and 26% of quarterly disbursements, reducing dependence on older unsecured loans.

Mani forecasts return on equity will grow from mid-single digits in FY26 to 16.8% by FY28. Faster loan growth, a diverse product range, and lower per-loan costs will power this jump. However, Mani advises investors to monitor the performance of new loan products, rising borrowing expenses, and the potential need for fresh capital if growth exceeds expectations.

5. ICICI Prudential Asset Management Co:

Emkay maintains its ‘Buy’ rating on this asset management company (AMC), with a target price of Rs 4,000, an upside of 27%. The company reported healthy results in Q1FY27. Net profit jumped 23.3% YoY, boosted by higher treasury income and a richer product mix. Revenue increased 19.1%, led by improved fee & commission income on higher assets under management (AUM) and continued inflows in systematic investment plan (SIP).

Analysts Avinash Singh and Mahek Shah believe that the AMC is well-positioned for AUM and profitability growth, thanks to its strong brand, distribution, and investment performance. Management plans to launch multiple new funds and remains confident that robust industry-wide SIP trends will sustain growth.

Singh and Shah see steady revenue growth ahead, backed by a stable market share of 13.4% and healthy yields. The AMC’s positive performance in equity funds helped offset corporate withdrawals from debt funds. Management confirmed that new total expense ratio regulations will not hurt profits. The analysts project revenue and net profit to grow at nearly 16% annually through FY29.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)

TREND | 20 Jul 2026

IPO market gathers momentum with a fresh slate of marquee offerings

Trendlyne Analysis released a IPO Note report for IPO on 10 Aug, 2026.

The Nifty 50 closed lower on July 20, dragged down by private banking and auto stocks. HDFC Bank led the decline after its Q1FY27 net interest margin fell sequentially, while Axis Bank and Kotak Mahindra Bank also slipped after brokerages flagged margin pressure. Gains in pharma, metals and PSU bank stocks helped limit the downside.

Sentiment was further weighed down by rising crude oil prices amid escalating tensions in West Asia. Brent crude crossed $90 per barrel after continued US strikes on Iranian military infrastructure. Iran expanded its retaliation by targeting US assets across Gulf countries, including Bahrain, Jordan, Kuwait, Oman, Qatar and Syria.

Looking ahead, investors will track Q1FY27 earnings from major companies such as Infosys, UltraTech Cement, Nestle, and IndiGo. Market participants will also watch West Asia developments, crude oil prices, rupee movement, foreign investor activity and India’s flash PMI data.

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said, “Indian equities are expected to witness a gradual uptrend, on the back of a strong Q1FY27 earnings season so far, which is likely to remain the key driver of sectoral and stock-specific performance.”

The primary market is set to gain momentum this week, as five companies prepare to make their stock market debut and eight IPOs line up for subscription, following four listings last week.

Three of four IPO debuts trade above issue price

Laser Power and Infra, a Kolkata-based manufacturer of power cables and transmission products, made a strong debut on July 16. The Rs 742 crore IPO was subscribed 38.9x and listed at a 16.8% premium to its issue price of Rs 214. The stock is currently trading around 28.3% above its issue price.

Kusumgar, a manufacturer of engineered synthetic fabrics, made a stellar debut on July 15. The Rs 650 crore IPO was subscribed 128.8x and listed at a 35.8% premium to its issue price of Rs 419. As it was entirely an offer for sale (OFS), the company did not receive any funds from the IPO. The stock is currently trading 35% above its issue price.

Laser Power nearly matches Kusumgar after extending gains

Two SME IPOs also entered the market last week.

Devson Catalyst, a Gujarat-based manufacturer of industrial catalysts and adsorbents, made a stellar debut on July 16. The Rs 42.3 crore IPO listed at a 66.2% premium to its issue price of Rs 118. The company plans to use the net proceeds to set up a new manufacturing unit. The stock is currently trading around 75.6% above its issue price.

Happy Steels, a Punjab-based automotive component manufacturer, made a positive debut on July 16. The Rs 25 crore IPO was subscribed 72.4x and listed at a 3% premium to its issue price of Rs 66. The company plans to use the net proceeds to purchase additional plant and machinery for its existing manufacturing unit. The stock is currently trading 1.6% below its issue price.

SBI Funds leads five upcoming market listings

SBI Funds Management, India's largest asset management company, opened its Rs 9,813 crore IPO for subscription on July 14 and closed on July 16. The issue saw healthy demand, closing with an overall subscription of 41.7x. Since the offering consists entirely of an offer for sale (OFS), the company will not receive any funds, and the proceeds will go to the selling shareholders. The shares will list on July 21.

Alpine Texworld, an Ahmedabad-based textile manufacturer, opened its Rs 126.3 crore IPO for subscription on July 14 and closed on July 16. The issue saw a modest response with an overall subscription of 1.4x. The company plans to use the proceeds to set up a new weaving unit to expand grey fabric production. The shares will list on July 21.

Caliber Mining and Logistics, a Chandrapur-based integrated coal mining and logistics service provider, opened its Rs 450 crore IPO for subscription on July 17 and will close on July 21. As of the second day, the issue saw a strong response with an overall subscription of 19.7x. The company plans to use the proceeds to fund capital expenditure for the purchase of commercial vehicles. The shares will list on July 24.

Institutional investors drive SBI Funds Management IPO

Two SME issues are also set to debut.

Millworks Technologies, a precision engineering firm, opened its Rs 160.3 crore IPO for subscription on July 14 and closed on July 16. The issue saw exceptional demand with an overall subscription of 193.2x. The company plans to use the proceeds for the purchase of plant and machinery. The shares will list on July 21.

Sotefin Bharat, a parking solutions provider, opened its Rs 89.8 crore IPO for subscription on July 16 and closed on July 20. As of the final day, the issue saw a slow start with an overall subscription of 3.4x. The company plans to use the proceeds to set up a new manufacturing facility in Kolkata. The shares will list on July 23.

One InvIT and seven IPOs fill the upcoming pipeline

Cube Highways Trust, an Indian Infrastructure Investment Trust (InvIT), will open its Rs 5,000 crore public issue for subscription from July 22 to July 24. The price band is set at Rs 151–152 per unit. The issue consists entirely of an offer-for-sale (OFS). Hence, the trust will not receive any funds, and the entire proceeds will go directly to the selling unitholders. The units will list on July 29.

Xtranet Technologies, an integrated IT and enterprise solutions provider, will open its Rs 166.8 crore IPO for subscription from July 23 to July 27. The price band is set at Rs 120–127 per share. The offering is entirely a fresh issue of 1.3 crore shares. The company plans to use the proceeds for the capital expenditure for systems and hardware. The stock will list on July 30.

INDO-MIM, a Bengaluru-based manufacturer of precision-engineering components, will open its Rs 3,812.1 crore IPO for subscription from July 23 to July 27. The price band is set at Rs 461–485 per share. The offering is a combination of a fresh issue and an OFS. The company plans to use the proceeds to fund capital expenditure and repay debts. The stock will list on July 30.

Lohia Corp, a Kanpur-based machinery and equipment manufacturer, will open its Rs 1,102.1 crore IPO for subscription from July 23 to July 27. The price band is set at Rs 404–425 per share. The issue consists entirely of OFS of 2.6 crore shares. The stock will list on July 30.

Xtranet leads revenue growth, Lohia tops profit growth

Four SME IPOs are also lined up.

Gulf Lloyds, an Ahmedabad-based provider of third-party inspection, testing, auditing, and certification services, will launch its Rs 18.2 crore IPO from July 20 to July 22. The offering is a fixed-price issue set at Rs 100 per share. The issue consists entirely of a fresh equity issue of 18.2 lakh shares. The company plans to use the newly raised capital for office premises expansion and repayment of loans. The shares will list on July 27.

Metalic Technoforge, a Rajkot-based precision-machined and engineering components manufacturer, will launch its Rs 50 crore IPO from July 21 to July 23. The price band is set at Rs 72–77 per share. The offering consists entirely of a fresh equity issue of 64.9 lakh shares. The company will use the raised capital to fund its manufacturing operations and support future business growth. The shares will list on July 28.

Shree Balaji Mala Textiles, a manufacturer and distributor of cotton sarees under the brand "Mala Saree", will launch its Rs 18.9 crore IPO from July 22 to July 24. The price band is set at Rs 66–70 per share. The offering is entirely a fresh issue of 27 lakh shares. The shares will list on July 29.

Silverstorm Parks and Resorts, a Kerala-based amusement and theme park operator, will open its Rs 82.4 crore IPO for subscription from July 24 to July 28. The price band is set at Rs 123–133 per share. The company plans to use the capital to fund the construction of a new snow park and family entertainment centre in Lucknow and expand its existing Athirappilly theme park in Kerala. The shares will list on July 31.

TREND | 13 Jul 2026, 06:17PM

IPO market buzz continues with SBI Funds launching a Rs 9,813 crore issue

Trendlyne Analysis released a IPO Note report for IPO on 10 Aug, 2026.

The Nifty 50 closed flat on July 13 after recovering from early losses, as a rally in IT stocks helped offset weakness in metal, FMCG and realty shares. The early pressure came after tensions in the Middle East escalated again over the weekend.

The latest flare-up followed US strikes on Iranian military targets, prompting Tehran to retaliate by targeting US military facilities across Gulf countries, including Bahrain, Kuwait, Oman, Jordan and Qatar. Iran also claimed that it had closed the Strait of Hormuz. The development pushed crude oil prices higher and raised concerns over oil supply disruptions.

Last week, Indian markets ended with moderate losses due to rising West Asia tensions after posting gains for four straight weeks. However, the market pared its losses in the last two sessions, helped by positive Q1FY27 business updates from banking & IT companies, and continued buying by foreign investors.

Looking ahead, investors will track Q1 earnings, with major companies such as Reliance Industries, HCL Technologies, Wipro, HDFC Bank and ICICI Bank set to announce results this week. Market participants will also watch India’s June CPI and WPI inflation data, US inflation, Fed Chair Kevin Warsh’s testimony, and progress in Middle East tensions.

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal, said, “Indian equity markets are expected to sustain their gradual upmove on the back of supportive domestic fundamentals and improving global cues.”

Primary market activity is expected to be moderate this week after eight IPOs listed last week. Four companies are scheduled to make their market debut, while four issues are lined up for subscription.

Eight IPOs made their market debut last week

Knack Packaging, a Gujarat-based integrated packaging solutions provider, made a positive debut on July 8. The Rs 439.5 crore IPO was subscribed 83.3x and listed at a 10.6% premium to its issue price of Rs 170. The company plans to use the net proceeds to establish a new manufacturing unit in Gujarat. The stock is currently trading around 20.8% above its issue price.

Knack Packaging sees strong post-listing momentum

Seven SME IPOs also entered the market last week.

IC Electricals Company, an engineering and manufacturing firm, made a strong debut on July 10. The Rs 47.9 crore IPO was subscribed over 390.8x and listed at a 67.7% premium to its issue price of Rs 99. The stock is currently trading around 69.4% above its issue price.

Atharva PolyPlast, a precision plastic components manufacturer, made a strong debut on July 7. The Rs 27 crore IPO was subscribed 10.1x and listed at a 15% premium to its issue price of Rs 60. The stock is currently trading around 33% above its issue price.

Sampark Logistics, a logistics and supply chain service provider, made a decent debut on July 7. The Rs 27.2 crore IPO was subscribed 3.3x and listed at a 6% premium to its issue price of Rs 84. The stock is currently trading around 10.7% above its issue price.

Kratikal Tech, an AI-driven cybersecurity solutions provider, made a robust debut on July 7. The Rs 39.7 crore IPO was subscribed 205.1x and listed at a 42.2% premium to its issue price of Rs 135. The company plans to use the proceeds for product development. The stock is currently trading around 37% above its issue price.

Seemax Resources, a material handling equipment company, made a weak debut on July 7. The Rs 19.7 crore IPO was subscribed 3.5x and listed at a 20% discount to its issue price of Rs 141. The company plans to use the proceeds for capital expenditure towards material handling equipment. The stock is currently trading nearly 38% below its issue price.

Vinit Mobile also debuted below its issue price. The multi-brand mobile phone retailer listed at a 1.9% discount to its issue price of Rs 158 on July 7 after its Rs 34.1 crore IPO was subscribed 1.6x. The company plans to use the proceeds to expand its retail operations. The stock is currently trading around 24% below the issue price.

Teja Engineering Industries, an energy infrastructure and engineering solutions provider, made a stellar debut on July 7. The Rs 37.4 crore IPO was subscribed 1.1x and listed at a 90% premium to its issue price of Rs 220. The company plans to use the proceeds to purchase new equipment. The stock is currently trading 138.3% above its issue price.

From cables to auto parts: Four IPOs line up for listing

Kusumgar, a manufacturer of synthetic fabrics, opened its Rs 650 crore IPO for subscription on July 8 and closed on July 10. The issue saw strong demand, closing with an overall subscription of over 128.8x. Since the offering consists entirely of an offer for sale (OFS), the company will not receive any funds. The shares will list on July 15.

Laser Power and Infra, a Kolkata-based power cables and transmission products manufacturer, opened its Rs 742 crore IPO for subscription on July 9 and closed on July 13. As of the last day, the issue saw an overall subscription of 35.4x. The shares will list on July 16.

Kusumgar draws strong demand, while Laser Power lags

Two SME issues are also set to debut.

Happy Steels, a Punjab-based automotive component manufacturer, opened its Rs 25 crore IPO for subscription on July 9 and closed on July 13. As of the last day, the issue saw a modest response with an overall subscription of 65.1x. The company plans to use the proceeds to purchase additional plant and machinery for its existing manufacturing unit. The shares will list on July 16.

Devson Catalyst, a Gujarat-based manufacturer of industrial catalysts and adsorbents, opened its Rs 42.3 crore IPO for subscription on July 9 and closed on July 13. As of the last day, the issue saw strong demand with an overall subscription of 193.1x. The company plans to use the proceeds to set up a new manufacturing unit. The shares will list on July 16.

Rs 9,813 crore SBI Funds IPO leads the new issue calendar

SBI Funds Management, India's largest asset management company and a joint venture between State Bank of India and Amundi, will open its Rs 9,812.9 crore IPO for subscription on July 14, with bidding closing on July 16. The price band is set at Rs 545–574 per share. The issue consists entirely of an offer-for-sale (OFS) of approximately 17.1 crore shares. Since it is an OFS, the entire proceeds will go directly to the selling shareholders. The shares will list on July 21.

Alpine Texworld, an Ahmedabad-based textile manufacturer, will open its Rs 126.3 crore IPO for subscription from July 14 to July 16. The price band is set at Rs 100–105 per share. The offering is entirely a fresh issue of 1.2 crore shares. The company plans to use the proceeds to establish a new weaving unit to expand its production capabilities. The stock will list on July 21.

Alpine and SBI Funds see profit grow faster than revenue

Two SME IPOs are also lined up.

Millworks Technologies, a Bengaluru-based precision engineering firm, will launch its Rs 160.3 crore IPO from July 14 to July 16. The price band is set at Rs 315–331 per share. The offering is entirely a fresh issue of 48 lakh shares. The company will use the raised capital to scale operational capacities and drive future business growth. The shares will list on July 21.

Sotefin Bharat, a Kolkata-based automated parking solutions provider, will launch its Rs 89.8 crore IPO from July 16 to July 20. The price band is set at Rs 178–187 per share. The offering consists entirely of a fresh equity issue of 48 lakh shares. The company plans to use the newly raised capital to fund its manufacturing facilities. The shares will list on July 23.

TREND | 06 Jul 2026

Primary market focus turns to listings, with eight companies set to debut

Trendlyne Analysis released a IPO Note report for IPO on 10 Aug, 2026.

The Nifty 50 closed higher on July 6, as gains in auto, realty, oil & gas and metal stocks supported the broader market. Lower crude oil prices also lifted sentiment after OPEC+ agreed to raise output targets from August, easing inflation concerns for India.

Last week, domestic macro data showed some cooling. India’s HSBC Manufacturing PMI eased to 54.2 in June from 55 in May, signalling slower factory activity. Services activity also moderated, with the HSBC India Services PMI falling to 57.4 in June from 58.9 in May. Both readings remained above the 50-mark expansion threshold, though they pointed to slower growth in demand and new orders.

Looking ahead, investors will track the US Federal Reserve meeting minutes on July 8, the start of the Q1FY27 earnings season with TCS on July 9, crude oil prices, monsoon progress and foreign investor activity.

Siddhartha Khemka, Head of Research, Wealth Management, at Motilal Oswal, said, “Indian equities are expected to maintain a gradual uptrend, supported by favourable global cues and easing concerns over the US interest rate outlook.”

The primary market remains busy this week, as four new issues open for subscription. Meanwhile, eight companies are set to make their exchange debut, following nine listings last week.

Nine companies entered the public market last week

Waterways Leisure Tourism, the domestic ocean cruise operator behind Cordelia Cruises, made a weak debut on July 1. The Rs 585 crore IPO was subscribed 1.6x and listed at a 15.7% discount to its issue price of Rs 808. The company plans to use the proceeds to fund charter payments and support its fleet expansion. The stock is currently trading 5.8% below its issue price.

Advit Jewels, a Jaipur-based jewellery manufacturer, made a strong debut on July 1. The Rs 165.2 crore IPO was subscribed 212.6x and listed at a 36.9% premium to its issue price of Rs 138. The stock is currently trading 21.7% above its issue price.

CSM Technologies, a Bhubaneswar-based GovTech and IT solutions provider, made a flat debut on July 2. The Rs 145.8 crore IPO was subscribed 1.4x and listed at its issue price of Rs 113. The stock is currently trading 5.2% below its issue price.

Aastha Spintex, a Gujarat-based cotton yarn and bales manufacturer, made a weak debut on July 6. The Rs 170 crore IPO was subscribed 4.6x and listed at a 4.4% discount to its issue price of Rs 136. The company plans to use the proceeds to fund the acquisition of Falcon Yarns. The stock is currently trading 0.4% below its issue price.

Advit Jewels leads despite trimming listing gains

Five SME IPOs also debuted last week.

Crazy Snacks, a bakery and savoury snacks producer, made a positive debut on July 3. The Rs 31.5 crore IPO was subscribed 1.2x and listed at a 4.8% premium to its issue price of Rs 42. The company plans to use the proceeds for capital expenditure. The stock is currently trading 7.1% above its issue price.

Riyaasat Lifestyle, an Ahmedabad-based ethnic wear manufacturer, made a weak debut on July 1. The Rs 30.2 crore IPO listed at a 20% discount to its issue price of Rs 106. The company plans to use the proceeds to set up new showrooms. The stock is currently trading 32.6% below its issue price.

Shreedhar Spinners, a Maharashtra-based cotton yarn manufacturer, made a positive debut on July 1. The Rs 30.7 crore IPO was subscribed 6.2x and listed at a 2.6% premium to its issue price of Rs 53. The company plans to use the proceeds to purchase machinery for its Amravati plant. The stock is currently trading 16% above its issue price.

Jivial Industries, a manufacturer of aluminium railings and fixtures, made a disappointing debut on July 1. The Rs 32 crore IPO was subscribed 0.9x and listed at a 20% discount to its issue price of Rs 196. The company plans to use the proceeds to purchase new machinery and renovate its manufacturing facility. The stock is currently trading 29.2% below its issue price.

Adon Agro Commodities, a supplier and processor of dry fruits and nuts, made a strong debut on July 6. The Rs 44 crore IPO listed at a nearly 11.8% premium to its issue price of Rs 70. The stock is currently trading around 17.4% above its issue price.

Six SME IPOs to list on July 7

Knack Packaging, a Gujarat-based packaging solutions provider, opened its Rs 439.5 crore IPO for subscription on July 1 and closed on July 3. The issue was subscribed 83.3x, driven by strong institutional demand. The company plans to use the proceeds to establish a manufacturing unit in Mehsana. The shares will list on July 8.

Institutional investors drive Knack Packaging’s subscription

Seven SME issues are also set to debut.

Teja Engineering Industries, an engineering solutions provider, opened its Rs 37.4 crore IPO for subscription on June 30 and closed on July 2. The issue saw a mild response, closing with an overall subscription of 1.1x. The company plans to use the proceeds to purchase equipment and fund working capital requirements. The shares will list on July 7.
Vinit Mobile, a Surat-based multi-brand mobile phone retailer, opened its Rs 34.1 crore IPO for subscription on June 30 and closed on July 2. The issue saw modest investor interest, closing with an overall subscription of 1.6x. The company plans to use the proceeds to expand its retail operations. The shares will list on July 7.
Seemax Resources, a Vadodara-based material handling equipment rental company, opened its Rs 19.7 crore IPO for subscription on June 30 and closed on July 2. The issue saw a steady response, closing with an overall subscription of 3.5x. The company plans to use the net proceeds for capital expenditures on material handling equipment and for debt reduction. The shares will list on July 7.
Kratikal Tech, an AI-driven cybersecurity solutions provider, opened its Rs 39.7 crore IPO for subscription on June 30 and closed on July 2. The issue saw exceptional demand, closing with an overall subscription of 205.1x. The company plans to use the proceeds for product development and investments in its global subsidiaries. The shares will list on July 7.
Sampark Logistics, a pan-India logistics service provider, opened its Rs 27.2 crore IPO for subscription on June 30 and closed on July 2. The issue saw muted demand, closing with an overall subscription of 3.3x. The shares will list on July 7.
Atharva PolyPlast, a plastic components manufacturer, opened its Rs 27 crore IPO for subscription on June 30 and closed on July 2. The issue saw healthy investor demand, closing with an overall subscription of 10.1x. The company plans to use the proceeds to purchase machines for its Satara facility. The shares will list on July 7.
IC Electricals Company, a Haridwar-based railway engineering and manufacturing company, opened its Rs 47.9 crore IPO for subscription on July 3 and will close on July 7. As of the second day, the issue saw a strong start with an overall subscription of 52.4x. The shares will list on July 10.

From textiles to steel: Four IPOs enter the pipeline

Kusumgar, a manufacturer of textile fabrics and solutions, will open its Rs 650 crore IPO for subscription from July 8 to July 10. The price band is set at Rs 398–419 per share. The issue consists entirely of an offer for sale (OFS) of 1.6 crore shares. As it is purely an OFS, the company will not receive any funds, and the entire proceeds will go to the selling promoters. The stock will list on July 15.

Laser Power and Infra, a Kolkata-based manufacturer of power cables and transmission products, will open its Rs 742 crore IPO from July 9 to July 13. The price band is set at Rs 203–214 per share. The offering is a combination of a fresh issue of 2.5 crore shares and an offer for sale of 93 lakh shares. The stock will list on July 16.

Laser Power grows profit despite revenue decline

Two SME IPOs are also lined up.

Devson Catalyst, a Gujarat-based manufacturer of industrial catalysts, adsorbents, and ceramic balls, will launch its Rs 42.3 crore IPO from July 9 to July 13. The offering is a combination of a fresh issue of Rs 39.4 crore and an offer for sale of 2.5 lakh shares. The funds raised will be used to set up a new manufacturing unit. The stock will list on July 16.

Happy Steels, an automotive transmission component manufacturer, will open its Rs 25 crore IPO for subscription from July 9 to July 13. The price band is set at Rs 62–66 per share. The issue is entirely a fresh issue of 38 lakh shares. The company plans to use the proceeds to purchase additional plant and machinery for its existing manufacturing unit. The stock will list on July 16.

01 Jul 2026

Five stocks to buy from analysts this week - July 1, 2026