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
With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks, including three from the Adani group. The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year … Read more
Gold August futures contracts at MCX opened flat, near their 1-week low, at Rs 96,549/ 10 grams on Thursday, which was slightly up by Rs 88 or 0.09%. The prices were supported by a slight retreat in the dollar and bond yields, while investors kept a close tab on trade negotiations as U.S. President Donald … Read more
Shares of power financing PSUs REC Ltd and Power Finance Corporation (PFC) climbed up to 3% on Thursday after Morgan Stanley initiated coverage on the two stocks with an ‘overweight’ rating, citing attractive valuations, robust loan growth, and stable asset quality. The global brokerage has set a price target of Rs 485 for REC and … Read more
Shares of Elgi Equipments rose nearly 5% on Wednesday, trading around Rs 560. The stock’s upward movement followed a significant bulk deal and a routine regulatory disclosure by the company. On July 8, 2025, SBI Mutual Fund acquired 1,812,760 shares of Elgi Equipments through a bulk deal at a price of Rs 532 per share, … Read more
ICICI Bank, in a disclosure to the stock exchanges on Wednesday, announced its plans to buy an additional 2% stake in its subsidiary ICICI Prudential Asset Management Company (AMC), ahead of the latter’s initial public offering (IPO). ICICI Prudential AMC has submitted its Draft Red Herring Prospectus (DRHP) dated July 8, 2025, to the Securities … Read more
The Adani Group is storming back into global capital markets with unstoppable momentum, having already raised over $3.2 billion in just six months and positioning itself to complete a massive $5 billion fundraising blitz by FY26, a stunning validation of its infrastructure-first strategy amid relentless scrutiny. Marquee global investors from BlackRock to Apollo and TotalEnergies … Read more
Multiple corporate actions are lined up this week — including record dates for dividends, rights issues, and bonus shares. Nearly three dozen companies will be involved, including Nifty stocks like Titan, JSW Steel, and Sun Pharmaceuticals. Here’s what all is scheduled: Monday, July 7 It will be ex-date and record date for — Dodla Dairy: … Read more
Shares of Tata Steel climbed as much as 1.7% on Thursday, extending a two-day rally to 5.5%, buoyed by firm global cues, a rebound in metal prices, and optimism surrounding the company’s UK operations. The stock has surged over 7% in the past week and is up 21% in the last six months, even as … Read more
Shares of Ellenbarrie Industrial Gases surged 10% on Tuesday following their market debut, trading at Rs 541.20 on the BSE and Rs 534.60 on the NSE. The stock listed at a sharp premium that outpaced even the most optimistic grey market whispers. The Kolkata-based company, which manufactures and supplies industrial, medical, and specialty gases, listed … Read more