TLDR
Indian equity markets closed higher amid volatility. The BSE Sensex rose by 182.34 points (0.22%) to 81,330.56, and the Nifty 50 gained 88.55 points (0.36%) to settle at 24,666.90. Gains were led by metal, real estate, and IT sectors, while banking stocks lagged. Easing retail inflation and expectations of rate cuts supported investor sentiment.
Today’s Top Stories:
Hitachi Energy India Reports 62% Profit Surge
Hitachi Energy India's Q4 net profit rose 62% to ₹184 crore, driven by strong demand in the energy sector.SBI Plans $3 Billion Fundraise in FY26
State Bank of India aims to raise $3 billion in FY26 to support growth and strengthen capital adequacy.Accretion Pharmaceuticals Launches ₹29.75 Crore IPO
Accretion Pharmaceuticals opened its IPO to raise ₹29.75 crore, with muted grey market premiums indicating cautious sentiment.India Approves HCL-Foxconn Semiconductor JV
The Indian government approved a ₹37.06 billion semiconductor plant by HCL and Foxconn to boost domestic chip manufacturing.Moneyview Plans ₹3,400 Crore IPO with Axis and Kotak
Fintech unicorn Moneyview is set to raise ₹3,400 crore through an IPO, appointing Axis Capital and Kotak Mahindra Capital as lead bankers.
INDIASTOX INVESTMENT RESEARCH HACKATHON
IndiaStox is launching an investment research hackathon on pre-IPO for a cash prize to inspire both in-depth investment research and creative, insight-driven content. These contests aim to engage the IndiaStox community, surface unique market insights, and highlight top contributors.
This is an opportunity to showcase your skills and win a piece of the ₹40K prize pool!
TOP STORIES
1. Hitachi Energy India Q4 Net Profit Jumps 62% to ₹184 Crore
DALL-E
Strong financial performance: Hitachi Energy India reported a net profit of ₹183.9 crore for Q4 FY25, marking a 62% year-on-year increase.
Revenue growth: The company's revenue rose by 18% to ₹1,500 crore, driven by robust demand in the energy sector.
Strategic outlook: Management emphasized continued investment in grid modernization and renewable integration projects.
2. SBI Plans $3 Billion Fundraise in FY26
DALL-E
Capital raising initiative: State Bank of India (SBI) announced plans to raise up to $3 billion in FY26 through public offerings or private placements of foreign currency bonds.
Board meeting scheduled: The bank's board will meet on May 20 to deliberate on the fundraising proposal.
Strategic purpose: The funds are intended to support growth and strengthen the bank's capital adequacy.
3. Accretion Pharmaceuticals Launches ₹29.75 Crore IPO
DALL-E
IPO details: Accretion Pharmaceuticals opened its initial public offering to raise ₹29.75 crore by issuing 29.46 lakh equity shares.
Subscription period: The IPO is open for subscription from May 14 to May 16, 2025.
Market sentiment: The grey market premium is currently muted, indicating cautious investor sentiment.
4. India Approves HCL-Foxconn Semiconductor Joint Venture
DALL-E
Government approval: India's cabinet approved a ₹37.06 billion semiconductor plant, a joint venture between HCL Technologies and Taiwan's Foxconn.
Strategic significance: The project aims to bolster India's semiconductor manufacturing capabilities and reduce dependence on imports.
Economic impact: The venture is expected to create jobs and attract further investments in the technology sector.
5. Moneyview Prepares for ₹3,400 Crore IPO with Axis and Kotak
DALL-E
IPO plans underway: Fintech unicorn Moneyview is planning a ₹3,400 crore ($400 million) IPO, with Axis Capital and Kotak Mahindra Capital appointed as lead bankers.
Primary capital focus: The majority of the issue will consist of primary capital to fund growth and expansion initiatives.
Fintech sector momentum: Moneyview joins other fintech firms like KreditBee, Kissht, and Turtlemint in exploring public market opportunities.
Disclaimer:
The IndiaStox Research Hackathon is intended for educational and community engagement purposes only. Submissions do not constitute investment advice, nor should they be construed as recommendations to buy or sell any securities.
By participating in the IndiaStox Research Hackathon and submitting content, you grant IndiaStox a worldwide, royalty-free, perpetual, and irrevocable license to use, reproduce, modify, publish, distribute, and display your submission—whether in whole or in part—across its digital platforms and in promotional materials. This license extends to both commercial and non-commercial purposes, including content seeding, editorial use, and advertising.
By submitting your work, you confirm that it is your original creation and that you have the right to grant the above license.
