Highdell Investment, owned by private equity firm Warburg Pincus, has sold partial stake in Kalyan Jewellers through open market transactions on Friday. According to bulk deals data available with the exchanges, Warburg Pincus has offloaded 6.4 crore shares or 6.22% stake in the company at a price of Rs 113 apiece. Through the stake sale, … Read more
Global brokerage JP Morgan maintained an overweight rating on , HSBC initiated coverage on Kalyan Jewellers, Macquarie retained underperform on , and Citigroup maintained buy rating on GCPL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JP Morgan on Hindalco: Overweight| Target Rs 560JPMorgan maintained an overweight … Read more
Indian market closed higher on Tuesday after a two-day decline. The S&P BSE Sensex rallied by nearly 400 points while the Nifty50 closed above 17600 levels. Sectorally, metal, auto, public sector, consumer durables, and energy attracted buying interest while some selling was seen in IT stocks. Stocks which were in focus included which rose more … Read more