Intellect Design shares rallied 10% as Q2 profit nearly doubled on strong platform and license-linked revenue, highlighting growing global adoption of its eMACH.ai fintech solutions.

Helios Mutual Fund’s CEO Dinshaw Irani says the fund avoided the Lenskart IPO due to high valuations and limited growth visibility. Irani remains bullish on BFSI, platform companies, hospitals, and hospitality, but bearish on IT amid AI disruption. He prefers SBI among PSBs and avoids metals entirely due to cyclical risks and China’s dominant influence.

Gold prices declined on Monday, influenced by a stronger dollar and reduced expectations for Federal Reserve rate cuts following hawkish remarks from Chair Jerome Powell. Easing U.S.-China trade tensions also contributed to the downward pressure on bullion, which has seen a significant year-to-date gain but a recent pullback.

The group agreed to a modest output increase for December, but will pause further increments in the subsequent months. Analysts remain cautious due to supply uncertainties and anticipated demand softness.

The dollar strengthened to a near three-month high, driven by anticipation of U.S. economic data that could influence the Federal Reserve s hawkish stance. Meanwhile, the yen weakened significantly against the dollar due to interest rate disparities. Investors are closely watching upcoming economic indicators for insights into the U.S. economy s health.

Digital payments firm Pine Labs has announced its Rs 3,900 crore IPO, with shares priced between Rs 210 and Rs 221. The issue opens November 7, featuring a fresh issue and an offer for sale by major investors. Employee reservations and a discount are included. The valuation appears high compared to industry peers.

Investors who applied for Orkla India’s ₹1,667 crore IPO can check their allotment status today as the company finalises share allocations. The IPO, subscribed 48.74 times overall, saw strong institutional demand. Shares will be credited on November 4 and listed on November 6, with a grey market premium of 13%, indicating potential listing gains of about ₹95 per share.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Jayesh Logistics is making its stock market debut on the NSE SME platform. The company s Rs 29-crore IPO saw strong subscription rates, indicating potential listing gains. Jayesh Logistics offers end-to-end logistics services, focusing on the India-Nepal corridor. The company has shown significant financial growth and plans to expand its operations.

Investors have a final chance today, November 3, to buy shares in Coal India, Mazagon Dock Shipbuilders, and RailTel Corporation of India. These public sector undertakings are offering interim dividends. Shares will trade ex-dividend from November 4. Other companies like Bhansali Engineering Polymers, Happiest Minds Technologies, and Sundram Fasteners also go ex-dividend on November 4.