Purple Style Labs commenced trading on Monday at a discount, despite its initial public offering being fully subscribed. The acquisition of Pernia's Pop-Up Shop in 2018 played a role in the considerable revenue growth from FY20 to FY24. Nevertheless, analysts caution investors regarding the expanding losses and the company's currently high valuation.
India’s digital media market crossed Rs 1 lakh crore in CY25 and is projected to grow rapidly through CY28, while television revenue declines. ICICI Securities has initiated coverage on Amagi Media Labs and Prime Focus with Buy ratings, citing opportunities from cloud adoption, digital advertising, VFX spending and evolving content consumption.
Indian government bonds hit a pause on Monday following a technical setback that disrupted cash withdrawal capabilities. To counteract a liquidity overflow that surged to a historic 10.73 trillion rupees last Friday, the central bank declared an overnight auction. Traders are now on edge, fearing that tighter measures may be imposed to handle the liquidity, especially with increasing oil prices and rate speculation keeping market sentiment tepid.
Morgan Stanley sees India entering a multi-quarter growth upcycle, supported by improving investments, monetary policy and domestic demand. The brokerage expects the Sensex to reach 89,000 by June 2027 in its base case, while assigning 25% probabilities to a bull-case target of 100,000 and a bear-case target of 66,000.
Japan’s government bond yields rose on Monday as investors turned cautious ahead of the five-year JGB auction and reassessed expectations for further Bank of Japan rate hikes. Super-long yields rebounded after last week’s sharp decline, while markets continued to price in a 25-basis-point BOJ rate hike next week and another increase by January.
Oracle's upcoming earnings will put its AI cloud growth, massive $638 billion backlog and funding requirements under the spotlight. Investors will track the pace of revenue conversion, capital spending, free cash flow and developments around its reported $300 billion OpenAI cloud deal, alongside the potential $20 billion equity raise.
Motilal Oswal initiated coverage on V2 Retail with a Buy rating and a ₹275 target, implying around 27% upside. The brokerage is bullish on the retailer’s tier-II/III focus, strong store economics, high private-label mix and disciplined inventory management, which it believes offer significant room for growth.
Sebi’s revised ETF trading rules have come into effect from September 7, changing how price bands and reference prices are determined. The new framework introduces dynamic price bands based on underlying assets and a pre-open auction for gold and silver ETFs, aiming to improve price discovery and reduce premiums or discounts to NAV.
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