Vipul Organics Soars, Muthoot Finance Drops, Bajaj Auto Declines, and Multiple Companies File for IPOs and more

Market Snapshot

• Indian benchmark indices ended lower for the third straight session on October 1, with Nifty slipping below 25,800 amid concerns over a widening current account deficit and weak manufacturing data.
• In sectoral movements, buying was seen in media, auto, and IT, while telecom, power, FMCG, Oil & Gas, and realty faced selling pressure.
• The BSE Midcap index rose 0.3%, while the Smallcap index gained 0.5%.

Sectoral Trends

Technical Outlook: Key Indices

Top News

• Vipul Organics’ shares jumped 20% to a new high after its board announced a rights issue, offering one share for every three held at ₹54 per share. The record date will be announced later.
• Muthoot Finance shares fell 4% after the RBI instructed gold financiers to review processes and address lapses within three months, raising concerns about potential impact on growth.
• Bajaj Auto declined 1.38%, marking its third consecutive loss as investors booked profits. This followed the company’s September sales report.
• Rahee Infratech files IPO papers with Sebi; aims to raise Rs 420 crore via fresh issue
• Highway Infrastructure, Jaro Education file DRHPs with Sebi to raise funds through IPO
• Swiggy refiles IPO papers for Rs 3,750 crore fresh issue

Focus Smallcase Updates

• The Fisdom Prime Five Smallcase achieved approximately 15% returns over the last three months, significantly outperforming the benchmark index.