OTC:PNGAY 5 December 2025

Ping An Insurance (2318 HK, 601318) Stock Jumps Toward 52‑Week High on Morgan Stanley Upgrade and Strong 2025 Earnings Momentum

Ping An Insurance shares surged 6.71% in Hong Kong on Friday, closing at HK$60.45 after Morgan Stanley raised its target price to HK$89 and named the company a top sector pick. Trading volume hit 99 million shares, far above the previous day’s 14 million. The stock now trades near its 52-week high, with a market cap of about HK$1.10 trillion.

5 December 2025

Earnings Reports·HKG:2318·OTC:PNGAY·SHA:601318·Stock Market

NSE Files DRHP for IPO, Entire Issue Structured as Offer for Sale
June 17, 2026, 2:02 PM EDT. The National Stock Exchange (NSE) has filed its draft red herring prospectus (DRHP) for a long-awaited initial public offering (IPO), structured entirely as an offer for sale (OFS) by existing shareholders, with no fresh equity issued. The OFS will include 14.89 crore shares from major shareholders such as State Bank of India and Canada Pension Plan Investment Board. Life Insurance Corporation of India remains NSE's largest shareholder with a 10.72% stake. The IPO is managed by 20 merchant bankers including Kotak Mahindra and Morgan Stanley. NSE, one of India's most profitable market infrastructure providers, reported a 3% revenue decline and a 15% drop in profit after tax in FY26. The listing will align NSE with BSE, India's first publicly listed stock exchange.