INVESTMENT IN BAAZAR STYLE
Cupid shares rally 8% after Q2 net profit jumps 133% YoY; company raises FY27-FY29 guidance
Cupid shares surged 7.75% to Rs 381.40, hitting a 52-week high after Q2FY27 net profit jumped 133% and revenue rose 122% year-on-year. The company raised FY27–FY29 financial guidance, supported by strong domestic and international demand, expanding retail distribution, new manufacturing capacity and increased promoter and institutional shareholding.
Cupid Q2 profit more than doubles to ₹56.2 cr, revenue at ₹188 cr
Cupid Ltd has reported a significant increase in consolidated net profit for the second quarter of FY27. Revenue from operations rose notably compared to the previous year, reflecting strong financial performance. Despite this growth, the EBITDA margin saw a decline from the same quarter last year. The company also disclosed investment decisions regarding Warrants of Baazar Style approved by its board.
Multibagger stock! Cupid shares jump 4%, soar 238% in 2026. What's driving the rally?
Cupid shares rose 3.76% to hit a high of Rs 356.90 on Thursday, extending their rally since the September 30 business update to around 16%. The stock has gained 238.78% in 2026 so far, sharply outperforming the Nifty 50, which is down 14% over the same period.
Trent’s Rs 1.80 lakh crore rout from peak: Has Q2 just flipped the script for Tata group’s retail crown jewel?
In Q2FY27, Trent demonstrated impressive financial performance, achieving a remarkable 23% increase in revenue compared to the previous year. This achievement is particularly noteworthy given the challenges other retailers faced during the festive period. With continued expansion in store locations for both Zudio and Westside, analysts are split on future prospects, balancing optimism for recovery against caution as the market awaits consistent revenue growth.
Stocks in news: Adani Power, SAIL, BCCL, SAIL, Cupid and CleanMax Enviro
Indian equity benchmarks experienced an increase on Friday, noting that volatility in crude oil and bond yields affected investor sentiment. The Nifty 50 and Sensex closed higher, although gains were limited due to market conditions. Several companies, including Adani Power and SAIL, are expected to be in focus following corporate developments. Notably, Adani Power completed a merger of subsidiaries, while SAIL signed a memorandum for coal block development.
Cupid raises FY27 profit guidance, targets Rs 750 crore revenue; stock up 160% in 2026
Cupid Limited raised its FY27 guidance to Rs 725-750 crore revenue and Rs 210-225 crore net profit after strong June-quarter growth. Revenue rose 142% and profit 194%, while expansion in manufacturing, consumer distribution and international healthcare supports its medium-term growth plans.
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Baazar Style, Senco Gold, other stocks jump up to 9% on BJP's early lead in West Bengal elections. Here's why
Shares of Kolkata-based companies surged after early trends in the West Bengal Assembly elections showed a strong lead for the BJP. Stocks like Baazar Style Retail, Senco Gold and CESC rallied on expectations of higher consumption and economic activity, although analysts caution that the market impact may remain short term.
West Bengal election results put these 43 stocks under spotlight. Will BJP's win be a trigger?
Early West Bengal election trends putting BJP ahead of TMC have pushed stocks like Bandhan Bank, CESC, and Berger Paints into focus. Investors are watching potential policy shifts, though analysts say the impact will be short-lived, with broader cues such as crude oil prices likely to drive overall market sentiment.
Baazar Style Retail shares decline 5% on Cupid's warrant deal announcement
Shares of Cupid Ltd and Baazar Style Retail are set to remain in focus after Cupid proposed a strategic investment in the retailer through convertible equity warrants. Baazar Style Retail’s board approved a preferential issue of 1.01 crore warrants at Rs 328.25 apiece, raising Rs 331.53 crore in cash, subject to regulatory and shareholder approvals.
Stocks in news: Bajaj Finance, Vodafone Idea, Britannia, Ather Energy, Hero MotoCorp
In today's trade, shares of Bajaj Finance, Vodafone Idea, Britannia, Ather Energy, Hero MotoCorp among others will be in focus due to various news developments and second quarter results.
Pharma tariffs and value retailers: Sudip Bandyopadhyay shares market outlook
Sudip Bandyopadhyay advises caution in pharma due to US tariff uncertainties, recommending domestic-focused companies like Mankind Pharma for growth. He also anticipates a strong Q3 for value retailers, including V-Mart, driven by rising incomes and festive demand. Overall, domestic sectors offer safer growth amidst global volatility.
Rekha Jhunjhunwala portfolio: 12 stocks log double-digit gains, 1 microcap shines with 43% return in FY26 so far
Rekha Jhunjhunwala's portfolio has showcased impressive gains in FY26, with several stocks outperforming market trends. Singer India leads with a 43% surge, despite a Q1 loss, while Fortis Healthcare and Baazar Style Retail also delivered strong returns. Financials like CRISIL and Canara Bank contributed significantly, and Titan Company remains a key holding in her portfolio.
TPG NewQuest, A91 back Citykart in Rs 538 crore round; retailer’s valuation hits Rs 1,400 crore
Citykart secured Rs 538 crore in funding from TPG NewQuest and A91 Partners valuing the company at approximately Rs 1,400 crore. Citykart will use Rs 120 crore from the proceeds to expand beyond Uttar Pradesh and Bihar. Investcorp fully exited, while India SME Investments reduced its stake. The company plans to open 40–50 new stores annually.
Citykart’s big haul; A new AI race
Happy Tuesday! Value fashion retailer Citykart has raised fresh funds to fuel its expansion plans. This and more in today’s ETtech Morning Dispatch.
Rekha Jhunjhunwala adds Canara Bank to portfolio in March quarter, trims stake in this smallcap
Ace investor Rekha Jhunjhunwala re-entered Canara Bank with a 1.46% stake in Q4 FY25 after exiting earlier. The stock has recently rebounded but remains down 27% YoY. She also trimmed her Baazar Style Retail holdings.
Indian textile stocks defy market slump
So, shares of textile makers stood out Thursday, surging as much as 18%, as the 26% tariffs were on home furnishings and readymade garments from India paled in comparison with 54% levies on China, 46% for Vietnam, 37% for Bangladesh, and 30% for Pakistan.
Sensex falls! But these stocks are up over 10% on BSE
In the Nifty 50 index, 27 stocks were trading in the green, while 23 stocks were trading in the red.
Sensex rises! These stocks rallied over 15% on BSE in today's trade
In the Nifty50 index, 30 stocks closed in the green, while 20 stocks ended in the red.
Buy Baazar Style Retail, target price Rs 400: JM Financial
JM Financial has issued a buy recommendation for Baazar Style Retail with a target price of Rs 400. The brokerage forecasts substantial growth in revenue, profitability, and return on equity over the next few years, driven by store expansion and improving financial metrics. Promoters hold a significant stake, and the stock is trading at a discount, indicating potential for re-rating.
Q2 results this week: Tata Motors, Tata Steel, M&M, Trent, SBI among 170 companies to announce earnings
The second quarter earnings season is underway and as many as 170 companies will declare their results this week. Some of the marquee names include Titan, Asian Paints, PB Fintech, IRCTC, IRFC, RVNL, Mazagon Dock Ship, Tata Steel, Mahindra & Mahindra, Trent, LIC, MRF, Tata Motors, and SBI among others.
Baazar Style Retail makes a tepid debut, but analysts are bullish on long term prospects. Here's why
Baazar Style Retail’s shares debuted flat on the bourses but closed 3% higher on Friday. The company, expanding rapidly with 162 stores, holds 3% market share in West Bengal and 2.2% in Odisha. Analysts view it as a promising medium-to-long-term investment despite competition and debt.
September IPO Frenzy: Dalal Street set for biggest listing line-up in 14 years as stocks sizzle
September is set to be the busiest month for IPOs in 14 years, with over 15 companies entering the market. Companies like Bajaj Housing, PN Gadgil Jewellers, and Kross Limited are among those launching IPOs. Strong investor demand and buoyant secondary markets are driving this surge, with recent IPOs showing good returns.
Rekha Jhunjhunwala-backed Baazar Style Retail IPO opens for subscription. Should you bid?
The IPO of Baazar Style Retail opens for subscription later today and will be available until September 3. The IPO comprises a fresh equity issue of Rs 148 crore and an OFS of up to 1.76 crore shares by the promoter group and other selling shareholders. In the unlisted market, the company's shares are trading with a GMP of Rs 130.
Rekha Jhunjhunwala-backed Baazar Style Retail raises Rs 250 crore from anchor investors
Value fashion retailer Baazar Style Retail Ltd has raised Rs 250 crore from anchor investors ahead of its IPO opening for public subscription. The Rs 835-crore IPO, with a price band of Rs 370-389 per share, opens on August 30 and closes on September 3. Funds will be used for debt repayment and corporate purposes.
Rekha Jhunjhunwala-backed Baazar Style Retail announces price band for Rs 835 crore IPO. Check details here
Baazar Style Retail IPO: Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail has announced a price band of Rs 370-389 for its IPO, which will open for public subscription on August 30. The IPO will include a fresh issue of up to Rs 148 crore and an offer for sale of up to 1.76 crore shares by the promoter group and other selling shareholders. At the upper end of the price band, Rs 389, the total issue size will be Rs 835 crore.
Jhunjhunwala-backed Baazar Style Retail IPO to open on August 30. Check details
Baazar Style Retail, supported by Rekha Jhunjhunwala, opened its IPO for the public from August 30 to September 3, featuring fresh issues and share sales worth up to Rs 148 crore. The IPO proceeds will address borrowings and general corporate purposes.
Sebi ready with speed gun on IPO Street
Sebi has prolonged IPO approval to 125 days, affecting 44 IPOs such as Go Digit, Ebix Cash, Asirvad Micro Finance, Waaree Energies, and One Mobikwik Systems. Some approvals took up to 336 days. National Securities Depository's IPO is pending since July 2023. 2018 ICDR norms reduced financial disclosures from five to three years.
A dozen consumer companies line up IPOs amid a thriving stock market
India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.
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