Foreign Institutional Investors (FIIs) have significantly trimmed their holdings across largecap, midcap, and smallcap stocks during the June quarter, with the largest proportional reductions seen in the largecap segment. Recent data shows that FIIs cut stakes in 55% of largecap companies, compared to 50% in midcap and 53% in smallcap companies. In terms of absolute … Read more
Shares of Reliance Infrastructure and Reliance Power have tumbled up to 19% over the past six trading sessions amid an ongoing investigation into an alleged Rs 17,000 crore loan fraud involving the Anil Ambani-led companies. On Wednesday, Reliance Infrastructure shares dropped over 4% to the day’s low of Rs 267. Meanwhile, Reliance Power shares fell … Read more
The board of Reliance Infrastructure on Wednesday approved a Rs 6,000 crore fundraising plan through the Qualified Institutional Placement (QIP) and other modes. The Anil Ambani-promoted company plans to raise funds through the issuance of equity shares or equity linked instruments to qualified institutional buyers (QIBs). The company informed about the development via filing to … Read more
Shares of Reliance Power and Reliance Infrastructure tumbled in Thursday’s trade after the State Bank of India (SBI) classified the loan account of Reliance Communications (RCom) as fraud, implicating the company’s former director, Anil Ambani, Times of India reported. Reliance Power slipped 4.8% to Rs 64.75, while Reliance Infra hit the 5% lower circuit at … Read more
Shares of Reliance Infrastructure surged 5% on Wednesday following an announcement by its subsidiary Reliance Defence that it secured a Rs 600-crore export order from German defence giant Rheinmetall Waffe Munition GmbH. The order, one of the largest in the high-tech ammunition space to date, has significantly boosted market sentiment around the Anil Ambani-led firm. … Read more
In a stunning reversal of fortune, at least 40 companies pulled off a comeback story, shifting from losses in FY24 to profits in FY25. Stocks of nine of these companies have rewarded investors with multibagger returns exceeding 100%. Leading this remarkable turnaround brigade is Anil Ambani-led Reliance Power, which catapulted from a staggering loss of … Read more
Indian Railway Finance Corporation Share Price 155.34 03:59 PM | 1 Oct 2024 -3.38(-2.13%) Suzlon Energy Share Price 79.74 03:59 PM | 1 Oct 2024 -0.32(-0.39%) Indian Renewable Energy Development Agency Share Price 230.91 03:59 PM | 1 Oct 2024 -3.97(-1.7%) Tata Motors Share Price 965.2 03:59 PM | 1 Oct 2024 -9.45(-0.97%) YES Bank … Read more
Adani Energy Solutions (AESL) shares are in focus today after the company announced that its material subsidiary, Adani Electricity Mumbai (AEML), has executed a business transfer agreement (BTA) with its wholly-owned subsidiary, North Maharashtra Power Ltd. (NMPL). The agreement, signed on September 26, 2024, facilitates the transfer of the Adani Dahanu Thermal Power Station (ADTPS) … Read more
Indian Railway Finance Corporation Share Price 159.56 04:04 PM | 23 Sep 2024 -1.88(-1.16%) Suzlon Energy Share Price 82.89 04:04 PM | 23 Sep 2024 -0.57(-0.68%) Indian Renewable Energy Development Agency Share Price 230.24 04:04 PM | 23 Sep 2024 -2.13(-0.92%) Tata Motors Share Price 971.8 04:04 PM | 23 Sep 2024 0.95(0.1%) YES Bank … Read more
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever … Read more