"The issue is priced at 10.5 times based on its NAV of 18.89 as of March 2023 and with good legacy parentage, tech-enabled and process-driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a "Subscribe" to the issue for long term rewards," said Reliance Securities

Tata Motors stock has seen strong growth, especially in the last five to ten years, when the company completely transformed itself into a go-to option for Indian car buyers, with a series of launches in the affordable and luxury segment. In the last five years, the stock price has risen by 144%.

"Shares of HDFC Bank, which fell 8% last week, may attract dip buyers, but a sustained rally is unlikely. The recent fall has highlighted bearish undercurrents and suggests that the bear phase may continue until the stock reaches Rs 1322. However, if there are upward moves that unsettle the Rs 1544-1555 region, this view may be challenged."

Analysts believe that the impressive rally in the secondary market has helped boost sentiment of the IPO market. Against a backdrop of global uncertainty and volatility the Indian stock market has come through as domestic indices, BSE Sensex and Nifty50, have jumped 8.76% and 8.55% year-to-date (YTD), respectively.

Under the proposed merger scheme, approved by the two companies, IDFC shareholders will get 155 shares of IDFC First Bank for every 100 shares they hold

Indian indices, S&P BSE Sensex and Nifty50, were up in opening trade, boosted by IT stocks. Sensex traded at 65,741, up 182 points (0.28%), while Nifty50 hovered around 19,473, up 59 points (0.31%). Nifty Bank surged 201 points (0.45%) in early trade, and volatility eased as India VIX stood at 10.70, declining by 2.14%. Anand James

After consecutive gains, equity markets closed in the negative zone due to cautiousness in global markets. Despite this, Sensex reached an all-time high level. Thirty-seven small-cap stocks delivered double-digit returns during the week, and two mid-cap stocks delivered double-digit returns. Almost all indices ended in the red, with metal and commodity stocks bleeding the most. Analysts predict that the market will consolidate in the near term, and investors should use corrections to buy. Technically, there is weakness in the Nifty index, but new highs are expected to come in time.

The Sensex rallied by around 670 points on Thursday to reach a fresh peak of over 66,000, while Nifty also reached an all-time high of over 19,500, driven by moderating US inflation data and strong performance by the IT sector. Despite TCS's Q1 earnings miss, its shares rose over 3%, with TCS, Persistent, Infosys and Coforge trading around 3% higher.

The initial public offering (IPO) of Senco Gold, a prominent jewelry player in eastern India, was subscribed 19% in the first few hours of the bidding process. The retail portion was subscribed 33%, while the non-institutional investor category subscribed 11%. The company raised Rs 121 crore in the anchor round ahead of the IPO. Senco Gold has an extensive retail network of 136 showrooms and specializes in the sale of gold and diamonds. The IPO is a combination of fresh issues and the offer for sale (OFS) portion.

Within the sectoral indices, Nifty Media and Nifty Realty were the top gainers rising around 1% each.

In the following week, several factors are in place that are likely to decide the trajectory for markets. These include key macroeconomic data points in India and across major developed economies, and a lot of corporate news developments.

The much-awaited merger of HDFC Bank and HDFC is expected to be completed next month. Market experts predict that the announcement of the merger date will trigger further buying interest and lead to both stocks hitting record high levels. While HDFC twins have underperformed the Nifty in the last one-month period, both are trading 5% away from their respective 52-week high levels and are up 5-6% each in the last 3 months. The merged entity is likely to trade under the HDFC Bank ticker before July 20. An eligible shareholder will get 42 shares of HDFC Bank for every 25 HDFC shares held by them.

Blue chip stocks are established, financially sound companies with strong governance, skilled management teams, and a proven track record. They offer stability, reliability and are included in major market indices. These stocks are known for their leadership position in their respective sectors and have strong bargaining power with the customer. They have a robust financial strength, can weather market fluctuations, and have a consistent track record of paying substantial and regular dividends. While being safe and low-risk investments, blue-chip companies command high valuations, generally above the broad-market, thus making them an ideal choice for long-term investors.