Adani to return to equity market with transmission business share sale, sources say
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday.
Technical Breakout Stocks: How to trade FDC, Bandhan Bank and Tata Motors on Tuesday?
Indian markets witnessed profit taking on Monday after hitting fresh record highs. Benchmark indices pared gains to close flat but with a positive bias.The S&P BSE Sensex touched a high of 81,908 while the Nifty50 hit a record high of 24,999.
Tech View: 25,000 key psychological hurdle for Nifty. Here’s how to trade on Tuesday
Though the near-term uptrend status of Nifty remains intact, the market could probably show some more choppy movement or minor dip in 1-2 sessions before surging higher in the near term. Immediate support is at 24,600 levels.
Carlyle to sell upto 6.4% stake in PNB Housing Finance for Rs 1,256 crore on Tuesday
As per a term sheet issued by IIFL Securities, Quality Investment Holdings (a Carlyle entity) will sell 1.66 crore shares at a floor price of Rs 775 each, aiming to raise Rs 1,256 crore. The floor price is 5% below Monday’s closing price of Rs 794.90.
Two early Ola Electric investors to reap up to 824% returns in biggest IPO this year
Ola Electric IPO Latest News: Tiger Global, through its arm Internet Fund Pte, has acquired the shares at Rs 11.70 and will get around 549% return on investment through the IPO. The PE firm is selling about 63.6 lakh shares under the OFS and is likely to make a profit of Rs 49 crore.
UltraTech says it has no intention to delist India Cements
UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday.
ACC Q1 Results: Cons PAT falls 23% YoY to Rs 361 crore, revenue down marginally
Adani Group’s cement division, ACC, on Monday announced that its consolidated profit for the June quarter decreased by 22.5% year-on-year, totaling Rs 361.40 crore. Additionally, revenue dropped by 1% year-on-year to Rs 5,155 crore.
IDFC First 2.0: 80% of deposits retail now; to touch Rs 6 lakh cr in 5 years: V Vaidyanathan
IDFC First Bank’s CEO, V Vaidyanathan, discussed the impact of recent Tamil Nadu floods on their joint liability group loans, leading to higher provisions. However, strong deposit growth and diversified loan book are keys to their stable future. The bank aims to enhance profitability through a growing retail deposit base and effective risk management.
Multibaggers: FIIs consistently hiked their stakes in these 13 stocks in last 4 quarters
The list was curated focussing on stocks with a market cap exceeding Rs 10,000 crore and it included only those that have gained over 100% in the past one year. As a result, 13 stocks made the cut.
Mutual fund jackpots: 13 schemes multiplied investor wealth over 4 times in 5 years
The analysis revealed 13 equity mutual funds that multiplied investors’ wealth over four times in five years. Quant Small Cap Fund was the top performer, turning Rs 1 lakh into Rs 6.48 lakh. These funds showed strong CAGR, with several surpassing 33%. However, it is crucial to consider one’s risk appetite and investment goals before […]