16h ago
Paytm shares dip 0.92% despite FY2026 Q1 beat as Citi lifts target to Rs 1,560 and CLSA keeps Rs 1,050
Paytm (One 97 Communications) reported a strong FY2026 first quarter, with net profit up 79% year on year to Rs 220 crore and revenue from operations rising 28% to Rs 2,448 crore, while EBITDA came in at Rs 200 crore. Despite the beat, the stock fell 0.92% in early trade to Rs 1,335.10. Citi reiterated a Buy rating and raised its target price to Rs 1,560, while CLSA maintained an Underperform rating with a target of Rs 1,050. The brokerages differ on the potential impact of UPI merchant discount rate (MDR) policy and the sustainability of operating costs.
16h ago
17h ago
Caliber Mining & Logistics IPO draws 23.73x demand as grey market premium signals 22% listing pop
Caliber Mining & Logistics’ IPO entered its third day of bidding with total subscriptions at 23.73x, led by 16.13x demand in the retail bucket and 71.21x in the non-institutional segment. Grey market deals indicate a premium of about Rs 94, implying a potential listing gain of roughly 22%. The company aims to raise Rs 450 crore to repay debt and buy equipment. Caliber has not yet listed, and the IPO does not directly affect prices of existing traditional assets.
17h ago
17h ago
Aastha Spintex board to weigh 1:1 bonus issue and Rs 10-per-share final dividend on July 23
Aastha Spintex said its board will meet on July 23 to consider a 1:1 bonus share issue and a final dividend of up to Rs 10 per equity share. The stock closed at Rs 108.20, down 6.88%, and has hit its 52-week low. The company said it has an order book of about Rs 76.78 crore, more than 21% of its FY2024-25 revenue. It has also completed the acquisition of Falcon Yarns, taking annual spinning capacity to 17,457 MT.
17h ago
17h ago
Nickel outlook tied to Indonesia’s 2026 RKAB quota plan as proposal targets 360 million tonnes
Indonesia is considering raising its 2026 RKAB nickel mining quota to around 360 million tonnes from 250-260 million tonnes, a move that would mark the first meaningful easing of supply restrictions this year if confirmed. Nickel is currently quoted at $16,950 a tonne, below earlier highs but above the 2025 average of $15,161/tonne. The International Nickel Study Group (INSG) forecasts a modest 32,000-tonne deficit in 2026, while BMI expects the market surplus to narrow to 154,000 tonnes. With Indonesia accounting for 60 per cent of global refined nickel supply, shifts in its policy remain a central driver for prices.
17h ago