Image for representation purpose only. | Photo Credit: AP Construction materials maker Ambuja Cements will invest ₹60 billion (nearly $723 million) in renewable power projects, the company said on Dec. 18. The investment will be funded internally and is expected to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in … Read more
Over the past few years, India’s mutual fund industry has experienced an impressive upsurge in investor engagement. There has been a substantial increase in the industry’s total assets under management (AUM), with a continuous influx of new investors joining in. On Wednesday, at the Business Today 500 Wealth Creator Summit in Mumbai, a high-powered panel … Read more
Notwithstanding top performance of Indian headline indices, AIF benchmarks have outperformed the S&P BSE Sensex, generating an internal rate of return (IRR) alpha of 13.5% as of March 2023, a CRISIL report reveals. This outperformance is not limited to a handful of funds as over 75% of them in the benchmark have generated a positive … Read more
Recently, the BSE Sensex crossed the significant threshold of 70,000 points for the first time ever. Such a landmark event has tremendous implications for both individual and institutional investors. It is crucial for investors to strategise their future investments smartly. The piece helps you understand what investors could do in this bullish market. It is … Read more
Motilal Oswal Asset Management Company (MOAMC) launched its latest investment offering, the Motilal Oswal Small Cap Fund. This open-ended equity scheme is designed to provide investors with a unique opportunity to tap into the potential of the small-cap segment. MOAMC is launching an active fund after a gap of 7 years. Key fund details Nature: … Read more
Taiwanese iPhone maker Foxconn has promised to invest ₹5,000 crore in Karnataka in the first phase of investment, said Murugesh Rudrappa Nirani, Minister for Large and Medium Scale Industries. The Minister further said Foxconn was ready to invest ₹50,000 crore in the State over a period. Mr. Nirani was speaking at the Annual Members Meet … Read more
, part of the life insurance industry, has fallen more than 28 per cent from its September 2021 highs which effectively places the stock in the bear grip. The technical setup suggests that the stock may see some more selling pressure; hence, short-term traders can look at selling the stock now for a target of … Read more
KEC International Ltd, part of the capital goods space, has fallen by about 20 per cent from its recent October 2021 highs, but a double bottom breakout in July on the daily charts suggests that bulls are trying to take control. Short-term investors can look at buying the stock now or on dips for a … Read more
Siemens, a heavy electrical equipment maker, witnessed a breakout from a six-month-long consolidation which suggests that the momentum is here to stay. The stock with a market capitalisation of more than Rs 91,000 crore hit a 52-week high of Rs 2,586 on 5 July 2022 which resulted in a breakout above the neckline of the … Read more
Sterling Tools, part of the S&P BSE small-cap index, rallied over 95 per cent in just the last three months and technical indicators point towards further upside in the next 6 months. The stock with a market capitalisation of about Rs 1,000 crore has been witnessing strong price action in the last week as well … Read more