UPL plans to raise up to Rs 3,378 crore via rights issue
Agrochemicals manufacturer UPL announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share, according to its filing with stock exchanges on November 20. The funds will be raised by issuing 9.38 crore partly paid-up equity shares. The issue price represents a 34% discount to UPL’s closing […]
Brokerages tweak model portfolios on lackluster Q2 earnings, list top stocks to buy
Motilal’s top large-cap picks include HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), HCL Technologies, Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), Power Grid Corporation, Titan Company, Trent, and Mankind Pharma
Shankar Sharma flags CLSA India note as “trap” amid market optimism
Market expert Shankar Sharma issued a cautionary note to Indian investors, criticizing a recent report from global brokerage firm CLSA that shifted its investment focus from China to India. In a post on X (formerly Twitter), Sharma labeled the report as a “trojan horse” and a “typical trap” for retail and domestic institutional investors (DIIs), […]
12 smallcap stocks that mutual funds exited in October
According to AMFI, companies ranked from the 251st position onwards in market capitalization are considered small-cap companies. Here are the small-cap stocks from which mutual funds exited in October, according to the Mutual Funds Insight report by Nuvama.