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Aye Finance IPO Day 2: Check GMP, subscription data and broker view

Economictimes.indiatimes.com 

Aye Finance's initial public offering is experiencing a subdued response. The Rs 1,010 crore issue opened to muted investor interest, with low subscription rates on its first day. Grey market premiums are flat, indicating limited expectations for immediate listing gains. Retail investors show some interest, but institutional buyers remain hesitant. The IPO closes on February 11.

Word of the day: Mercurial

Economictimes.indiatimes.com 

Mercurial means quick-changing and unpredictable. It describes people whose moods shift rapidly. This word also applies to situations that change unexpectedly. It comes from the Roman god Mercury, known for speed. The term captures volatility and restlessness. It is useful for describing personalities and events. The word offers precise language for shifting natures.

What Budget 2026 means for gold investors

Economictimes.indiatimes.com 

Budget 2026-27 has restricted tax-free redemption of Sovereign Gold Bonds to primary issue investors holding till maturity. Secondary market buyers will now face capital gains tax, aligning SGB taxation closer to Gold ETFs. With no fresh issuances, investors may reassess gold allocation strategies, factoring in liquidity, taxation and flexibility.

Sri Lotus Developers & Realty Q3 Results: Net profit rises 37% YoY to Rs 70 cr

Economictimes.indiatimes.com 

Sri Lotus Developers & Realty Ltd has reported impressive financial outcomes for the December quarter, with consolidated net profit jumping by 37% to Rs 70.22 crore. The company’s total income swelled to Rs 239.78 crore, showcasing its robust growth trajectory and the promising projects in its development pipeline.

PSU banks poised for rerating to 1.5x book as real estate monetization unlocks growth: Deepak Shenoy

Economictimes.indiatimes.com 

Public sector banks are poised for a significant rerating to 1.5x book value, driven by strong earnings growth and the potential to monetize real estate holdings through REITs. This, coupled with reduced government ownership, presents a compelling setup. Additionally, semiconductors, high-tech manufacturing, and electrical transmission are identified as five-year structural growth stories.