Madhuri Madhusudan Kela picks stakes worth Rs 965 crore in Waaree Energies and one smallcap NBFC in December quarter

Madhuri Madhusudan Kela picks stakes worth Rs 965 crore in Waaree Energies and one smallcap NBFC in December quarter

Ace investor Madhuri Madhusudan Kela has added Rs 965 crore worth of new investments to her portfolio, as revealed in the December quarter shareholding patterns of Waaree Energies and small-cap non-banking financial company (NBFC) Indostar Capital Finance. According to the latest shareholding update, Kela acquired 33.41,700 shares in Waaree Energies, securing a 1.16% stake in … Read more

RBI’s hand behind today’s rally in banks, other financial stocks

RBI’s hand behind today’s rally in banks, other financial stocks

Shares of banks and NBFC shares like Bajaj Finance on Thursday rose up to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and … Read more