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YES Bank has surged roughly 10% over the past month, as investors respond to Japan’s Sumitomo Mitsui Banking Corp (SMBC) raising its stake to nearly 25%, a strategic move widely seen as a vote of confidence in the private lender’s turnaround. Analysts say the stock, trading above all key technical levels, could target Rs 25 in the near term, while momentum indicators suggest the rally still has room to run despite edging toward overbought territory.The stock is trading above all eight of its key simple moving averages, with the Relative Strength Index at 68.7 and the MACD in bullish territory. “The momentum is still solid, but it's important to monitor for any signs of slowing down, particularly if the RSI crosses above 70 or the price shows any signs of overextension,” said Drumil Vithlani, Technical Research Analyst at Bonanza. Vithlani identified immediate resistance around Rs 23 and near-term targets around Rs 25, with support near Rs 19.87.Amruta Shinde, Research Analyst at Choice Broking, noted bullish chart patterns confirming the uptrend. “The recent breakout above Rs 20.66 strengthens the bullish outlook and opens room for upside toward Rs 22.36 in the near term, with an extended target of Rs 25.37 if momentum sustains,” Shinde said, while cautioning that profit booking could trigger minor corrective dips.Harshal Dasani, Business Head at INVasset PMS, said the technical setup remains constructive but RSI nearing 69 calls for short-term caution. “YES Bank does show signs of edging toward overbought territory, with RSI hovering close to 69 — typically a zone where short-term caution is warranted,” he said, adding that immediate support lies at Rs 20–21 and resistance at Rs 22.5–23, with a breakout opening the path to Rs 25.SMBC stake and strategic growthYES Bank is using SMBC’s backing to explore entry into India’s $1 trillion wealth management market. “Wealth is an area we’re seriously considering. SMBC’s backing gives us the confidence to explore this space,” CEO Prashant Kumar told Bloomberg News.Dasani described SMBC’s nearly 25% stake as pivotal. “Sumitomo Mitsui Banking Corporation’s nearly 25% strategic stake is a major vote of confidence for YES Bank’s turnaround story and has materially strengthened its capital position,” he said. The partnership is expected to enhance capital-raising ability, support the bank’s 10–12% loan growth guidance, and fund plans to add 400 new branches over the next five years.Q1 FY26 performance and rating prospectsYES Bank reported a net profit of Rs 801 crore in Q1 FY26, up 60% from a year earlier, with provisions falling 11% sequentially and gross NPAs steady at 1.6%. Kumar told PTI that SMBC’s investment creates “possibilities” for a rating upgrade. “A bank which was about to close down has not only survived but is also doing very well and able to get one of the very large foreign investments,” he said.Dasani said that a potential rating upgrade could meaningfully influence institutional and corporate investor engagement. “A potential rating upgrade would be an important milestone for YES Bank and could meaningfully influence how institutional investors and corporates engage with it,” he said.Also read | Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

It is an unusually crowded day at Dalal Street as 10 IPOs hit the markets together on Tuesday, leaving investors spoilt for choice. The list includes big names like Anand Rathi Share & Stock Brokers, Seshaasai Technologies, Jaro Institute, Solarworld Energy, and smaller SME issues such as Ecoline Exim, Matrix Geo Solutions, True Colors, Aptus Pharma, NSB BPO Solutions, and BharatRohan Airborne Innovations.While the flood of issues reflects buoyant primary market sentiment, analysts caution that investors need to be selective.GMP trends reveal frontrunnersAs far as GMPs are concerned, True Colors is the standout with a 24% premium. Seshaasai Technologies follows at 21%, while Jaro Institute and Anand Rathi are quoting 13% and 7% respectively. The strong grey market trend underlines early optimism for these issues, but not all IPOs carry the same fundamentals.Analysts back Solarworld Energy and Seshaasai TechSimranJeet Singh Bhatia, Senior Research Analyst at Almondz Global, believes that among the pack, two IPOs stand out for medium to long-term bets -- Solarworld Energy Solutions and Seshaasai Technologies.Solarworld Energy, engaged in solar EPC services and renewable energy models, has executed projects of 253 MW with an ongoing pipeline of 765 MW in EPC and 325 MW in battery energy storage systems.Its revenue rose from Rs 235 crore in FY23 to Rs 551 crore in FY25, while PAT jumped from Rs 15 crore to Rs 77 crore in the same period. EBITDA margins nearly doubled to 19.41% in FY25. The company counts marquee clients like SJVN Green Energy, Haldiram Snacks, and NTPC REL.Seshaasai Technologies, on the other hand, is a leader in India’s payment solutions industry with expansion into IoT and RFID offerings.Its revenues grew to Rs 1,473 crore in FY25 from Rs 1,153 crore in FY23, while profit after tax more than doubled to Rs 223 crore in FY25. Its clients include leading BFSI players, with global certifications in data security and payments infrastructure."Both Solarworld and Seshaasai combine robust financial growth with strong business models and are worth considering for investors looking beyond listing gains," said Bhatia.Also read: Gold, silver or stocks? Top 5 fund managers on how to invest Rs 10 lakh in the market nowWith 10 IPOs launched on the same day, investors are unlikely to chase every opportunity. GMP trends point towards near-term excitement in True Colors, Seshaasai, Jaro, and Anand Rathi, but analysts suggest focusing on companies with clear growth visibility.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Dutch brewer Heineken said on Monday it will buy the beverage and retail businesses of Costa Rica's Florida Ice and Farm Company for $3.2 billion in cash, boosting its presence across Central America. Heineken will gain ownership of Costa Rica's century-old beer "Imperial" through the deal, as well as a soft drink business with its own brands and a PepsiCo bottling license. The deal comes months after Heineken warned that volumes would be softer than expected for the remainder of the year and opted not to raise its annual profit outlook, citing volatility, including from U.S. trade tariffs. The world's no. 2 brewer will buy the remaining 75% stake it does not already own in Distribuidora La Florida, FIFCO's beverage, food and retail division, which includes more than 300 outlets in Costa Rica, as well as operations in El Salvador, Guatemala and Honduras. The deal also includes a 75% stake purchase in Nicaragua Brewing Holding, a 25% stake in Heineken Panama, and full ownership of FIFCO's beyond beer business in Mexico. The transaction, which is expected to complete in the first half of 2026, will be immediately accretive to operating margin and earnings per share, before exceptional items, the company said. Heineken expects its net debt to increase by 3.2 billion euros ($3.77 billion) after the deal. The company started its partnership with FIFCO in 1986 and bought a 25% stake in Distribuidora La Florida in 2002. In 2024, Distribuidora La Florida reported a net revenue of $1.13 billion and operating profit of $278 million, excluding FIFCO USA. FIFCO, which makes beers, wines, non-alcoholic beverages and food, manages 5 production plants and 13 distribution centers across Central America, the Dominican Republic, Mexico and the United States. It exports to more than 10 countries. FIFCO is exploring strategic alternatives for FIFCO USA, Heineken said.

Brokerages said the earnings hit for Indian IT firms on account of Donald Trump’s $100,000 H-1B levy is likely to be modest and largely offset by higher offshoring and localisation. 124058722Nomura, Kotak and BofA see the disruption as short-lived and are advising clients to accumulate largecap names on weakness, with Infosys, TCS, HCL Tech and Tech Mahindra among their top picks. Some brokerages also see selective opportunities in midcaps such as Coforge and Firstsource.

Mumbai: The Securities and Exchange Board of India (Sebi) has proposed changes to the framework covering technical glitches in the online trading systems of stockbrokers.It suggested modifying the definition of technical glitch to exclude problems occurring after trading hours and which are not under the control of stockbrokers.Any malfunction in the electronic system of a stockbroker is now termed technical glitch.The regulator said the proposed framework would be made applicable to stockbrokers providing internet-based trading platforms and having more than 10,000 clients as on March 31 of the previous financial year. As a result, as many as 457 small stockbrokers would move out of this framework, Sebi said in a discussion paper on Monday."This will result in ease of compliance for such stockbrokers considering their low clientele base and relatively less of technology dominance in their trading services," it said.Sebi said a financial disincentive structure would not be applicable for the technical glitches which do not affect the broker's ability to provide seamless services to their clients; for instance, a technical glitch that has a minor impact on the operations of the stockbrokers.It suggested that stock exchanges rationalise the current structure of the financial disincentives and disseminate information on their websites about instances of technical glitches occuring in the trading system of stockbrokers.Growth in the number of investors creates an additional burden on the trading system of the stockbroker and, hence, adequate capacity planning is a prerequisite for stockbrokers to provide continuity of services to their clients, Sebi said.Brokers should do capacity planning for the entire trading infrastructure and monitor peak load in their trading applications, servers and network architecture, it said.

Mumbai: Retail investors are piling into fund of funds (FoF) schemes, lured by tax breaks, built-in diversification and the ease of tapping multiple fund managers through a single product. Data showed inflows of ₹28,067 crore in just the first five months of this financial year-nearly three times what came in during the whole of 2024-25.Investor interest in this category picked up after the budget, which stipulated that investors holding these schemes for over two years would be subject to a long-term capital gains tax (LTCG) of 12.5%, instead of being taxed at their income slab rate."These work well for investors who want tax efficiency, cannot decide on which scheme to buy, or when to enter and exit," says Madhu Nair, chief executive officer, Union Mutual Fund. 124058664Unlike a normal scheme that holds underlying stocks, bonds or commodities like gold or silver as per its mandate, a FoF is a strategy of holding a mix of mutual fund schemes."This diversification eliminates the need to constantly chase different fund managers, allowing investors to benefit from a broad range of investment approaches and expertise," says Kunal Valia, founder, Statlane - a Sebi-registered Research Analyst.Distributors point out that a very common problem among investors wanting to move from a mid-cap or a small-cap scheme to a large-cap is the tax outgo on account of capital gains, which leaves them with less money to invest. However, in a FoF structure, the fund manager can move from one scheme to another or alter allocation to schemes without tax implications for the investors.There are pure equity FoFs, thematic FoFs that invest in a mix of domestic equity fund schemes/themes or domestic ETFs. While some fund houses stick to their own schemes, a few also invest in schemes of different fund houses, thereby helping investors diversify fund house risk.Besides equity FoFs, there are asset allocator FoFs that invest in a mix of equity, fixed income, and commodities like gold and silver, with the allocation to each asset decided on the basis of the fund house's market view. There are also debt FoFs, such as the income plus arbitrage FoF, which cater to investors in fixed income and arbitrage.While FoFs offer flexibility, they come at a cost. Though FoFs invest in direct plans of the target mutual fund schemes, there is an additional layer of expense for the investor, leading to higher costs, than plain vanilla equity schemes.