Ericsson India Pvt Ltd has sold off its around 0.6% stake in Vodafone Idea (Vi) via a bulk deal to undisclosed buyers, raising Rs 428.43 crore. As per NSE bulk deal data, Ericsson India sold 63.37 crore shares in Vi at Rs 6.76 apiece Tuesday. Buyer details were not immediately available. Shares of Vi closed … Read more
With Q4 earnings and the limited risk of further equity dilution already priced in, global brokerage Morgan Stanley has reiterated its bullish stance on Eternal (formerly Zomato), naming it its top pick in the food delivery and quick commerce space, with a target price of Rs 320 on the stock. The target price reflects the … Read more
In the latest edition of its “India Inc. Ownership Tracker” for March 2025, the National Stock Exchange (NSE) reveals that private Indian promoters continue to hold the largest stake in India Inc., commanding a 32.5% share in NSE-listed companies. However, the report also signals a shifting tide, with domestic mutual funds (DMFs) and retail investors … Read more
“If people need to invest, DLF seems to be better placed vis-à-vis the other companies on a valuation as well as risk-return perspective. But overall, my view is that real estate after the sharp run-up needs to consolidate for some more time,” says Sandip Sabharwal, asksandipsabharwal.com.Give us a sense of where you see the markets … Read more
Balaji Subramanian, AVP and telecom analyst, IIFL Securities, says that with the Supreme Court rejecting the telecom companies’ plea for re-computation of adjusted gross revenue (AGR) case, there is no relief in sight for telecom majors. If Vodafone Idea is able to complete its debt fundraising, then the capex programme should be on track and … Read more
Domestic markets extended their rebound, gaining nearly half a percent on Tuesday, supported by a recovery in global indices. In today’s trade, shares of HDFC Bank, Vodafone Idea, Dr Reddy’s, RIL, IndiGo among others will be in focus due to various news developments. Vodafone IdeaVodafone Idea has in recent weeks approached state-owned lenders Power Finance … Read more
Vodafone Idea has made an exit from Nifty 500 index and Nifty Midcap 100 as part of a semi-annual rejig of NSE’s various indices. Vodafone’s current free-float market capitalisation stands at Rs 36,534 crore and the stock today ended at Rs 15.83, down by Rs 0.37 or 2.28% over the Thursday closing price. Vodafone’s exit … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
Jun 17, 2024, 01:36:38 PM IST In its latest mutual funds analysis, ETMarkets has highlighted stocks that saw a significant increase in the number of shares held by mutual fund holdings in May from the month of April. Approximately 36 stocks observed an increase of over 1 crore shares in May. To further narrow down … Read more
Broader markets catalysed the market fall on Tuesday with medium, small and microcap indices treading in deep red around 12:15 pm. The Nifty Midcap 100 index fell by over 7% or 3,700 points around this time to hit the day’s low of 49,623.10. This comes after a meteoric Monday rise after most exit polls gave … Read more