K.T.M. Udayanga Hemapala, Secretary to the Ministry of Energy, Sri Lanka. | Photo Credit: Meera Srinivasan Colombo is not seeking to renegotiate the contentious renewable energy project with Adani Green, a top Sri Lankan official said, a week after the company abruptly pulled out of a wind farm initiative in the island’s Northern Province. Adani … Read more
Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech, Hindustan Aeronautics, and Mphasis, indicating a shift in investment strategies. Source link
Brokerage CLSA said Nifty‘s absolute returns would be muted in 2025 as share valuations remain well above their long-term averages and their peers amid an uncertain and risky global environment. The firm said incoming US President Donald Trump’s policies on export-focused emerging markets like India and China, uncertainty around interest rate cuts, and a rising … Read more
NTPC Green Energy (NGEL), a wholly owned subsidiary of state-run NTPC focussing on renewable energy generation, plans to raise Rs 10,000 crore through fresh equity to partly prepay debt. NTPC’s stake will fall to 89% after the IPO from 100%. It operates at the sector best EBITDA margin level of around 90%. The IPO valuation … Read more
State-owned power giant NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. Its net profit in the year-ago period stood at Rs 4,726.40 crore, a BSE filing said. The total income, however, fell to Rs 45,197.77 crore in the quarter from Rs … Read more
“And over the next, I would say six months, expecting 4% to 6% of a price correction and maybe six months of the time correction is something which I would be more than happy to have in the market because that would really bring back the health and the strength of the market back,” says … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Jun 16, 2024, 12:11:05 PM IST Nippon India Mutual Fund manages assets under management totaling Rs. 4.93 lakh crore as of May 2024 and oversees 189 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services. ETMarkets.com Nippon India MF had the … Read more
“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more
MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … Read more