Paytm CEO Vijay Shekhar Sharma becomes sole beneficial owner in co as Antfin cuts stake

Paytm CEO Vijay Shekhar Sharma becomes sole beneficial owner in co as Antfin cuts stake

One 97 Communications’ founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma has become the company’s sole significant beneficial owner (SBO) following a reduction in the shareholding of AntFin from an earlier 23.79% stake to 9.90%. Sharma now holds 19.42% stake in the Paytm operator. The 19.42% stake in Paytm is by virtue of Sharma … Read more

Stocks to buy today: Paytm, Zomato among top 9 trading ideas by experts for 24 August 2023

Stocks to buy today: Paytm, Zomato among top 9 trading ideas by experts for 24 August 2023

Indian market is expected to open higher on Thursday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 19400 levels in the previous trading session. India VIX was down by 0.17% from 11.75 to 11.73 levels on Wednesday. Volatility cooled off during the day and comforted … Read more

Sanjiv Bhasin on 4 largecaps to buy now; 3 new age stocks that may double in a year

Sanjiv Bhasin on 4 largecaps to buy now; 3 new age stocks that may double in a year

Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up. At Rs 458-460, I think this stock is headed … Read more

Vinit Bolinjkar on why Mahindras are picking stake in RBL

Vinit Bolinjkar on why Mahindras are picking stake in RBL

Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more

Stocks to buy today: Paytm, NHPC among top 9 trading ideas for 21 July 2023

Stocks to buy today: Paytm, NHPC among top 9 trading ideas for 21 July 2023

The Indian market is expected to inch higher on Friday. The trend remains mixed; hence, some profit-taking could be seen at higher levels. The S&P BSE Sensex rose nearly 500 points while the Nifty50 closed just a shade below 20,000 on Thursday. India VIX was up by 1.59% from 11.60 to 11.78 levels on Thursday. … Read more

With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy

With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy

Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more