Today's stock market

Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.

Investors fear low voter turnout affecting Sensex, Nifty, India VIX, and Dalal Street. Pashupati Advani warns of market dive if BJP doesn\’t secure 250 seats. Speculations and analysis highlight market worries in states like Kerala, West Bengal, and Tamil Nadu. The link between voter turnout and anti-incumbency is uncertain.

M&M achieved a new 52-week high of Rs 2,554.75 following better-than-expected March quarter performance, prompting increases in target prices and upgrades. Jefferies, a global brokerage firm, upgraded M&M to a buy rating and raised the target price to Rs 2,910.

JPMorgan retains overweight rating on LIC Housing Finance, Nomura favors buy rating on Info Edge, BofA Securities suggests buying Biocon, and Jefferies upgrades M&M to buy.

Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.

Aztec Fluids and Machinery debuts on BSE SME platform at Rs 90, 34.3% premium over issue price. IPO oversubscribed over 200 times. Company offers coding and marking solutions across various industries.

Piotex Industries\’ shares made their debut on the BSE SME platform on Friday with a 16% premium, opening at Rs 109 compared to the issue price of Rs 94 per share. Before the listing, the company\’s shares traded at a premium of Rs 30 in the unlisted market.

Shares of Info Edge (India), the parent company of Naukri.com, surged 8% on the BSE during Friday\’s trading session, reaching a peak of Rs 6,338.55. This increase followed the company\’s Q4 profit report of Rs 211 crore, marking an 18% year-on-year growth.

ICICI Direct, India\’s fifth largest broker, faced a technical glitch, affecting traders\’ access. Initially, a maintenance message appeared, delaying trading. The platform resumed around 10:20 am. Technical issues have plagued brokers like Groww and Zerodha recently.

Vodafone Idea Stock: Vi\’s net loss for the fiscal fourth quarter expanded to Rs 7,675 crore, up from Rs 6,986 crore in the previous quarter. The telecom company faces challenges from high debt and ongoing customer losses to competitors like Reliance Jio and Bharti Airtel.

Gautam Shah, Founder of Goldilocks Premium Research, advises a strategic investment approach focusing on low beta stocks in metals, FMCG, and pharma sectors. Further, Shah specifically recommends stocks like ITC, Britannia, Hindustan Unilever, Dabur, Marico, JSPL, SAIL, NALCO, Tata Steel, JSW Steel, and Vedanta for potential growth in the market.

Pradeep Gupta of Anand Rathi Group discusses FIIs turning net sellers in India due to various global uncertainties and market volatility, emphasizing the importance of long-term strategic decisions in an interview with ETMarkets. Gupta says: \”On a risk-adjusted basis, there is equal positivity on large and small cap indices, with slightly more caution on the mid-cap segment.\”