Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage
Brokerage firms have initiated coverage on stocks like BSE, Dixon Technologies, Swiggy, Ixigo, Waaree Energies, and Vishal Mega Mart, expressing bullish views.
AIF Tracker: Top 5 funds which rose 40-100% in 2024; Finavenue Growth Fund doubles wealth for crorepati investors
PMSBazaar.com reported stellar 2024 performances in Alternative Investment Funds (AIF). Finavenue Growth Fund led with 132% returns, followed by Negen Undiscovered Value Fund (57%), and Carnelian Asset’s Structural Shift Fund (47%).
Madhuri Madhusudan Kela picks stakes worth Rs 965 crore in Waaree Energies and one smallcap NBFC in December quarter
Ace investor Madhuri Madhusudan Kela added ₹965 crore in new investments during Q3 FY24, acquiring stakes in Waaree Energies (1.16%) and Indostar Capital Finance (2.48%), signaling strategic expansion into solar energy and financial services.
Explained: What happens to your mutual fund investments when your bank account is closed?
Closing a bank account linked to mutual fund investments disrupts transactions like SIPs, SWPs, and payouts. Investors should promptly update bank details with the AMC to avoid delays and maintain seamless investment operations.
Angel One among 7 stocks approaching record dates for dividend, bonus, splits next week
Upcoming corporate actions for Angel One, Havells India, and more include dividends, stock splits, and bonus issues. Track record dates to secure your shareholder benefits.
Can Reliance share price cross Rs 1,700? Here’s what top 9 brokerages say
Reliance share price, Reliance target price, Reliance stock price, Reliance stock update, Reliance stock analysis, Description: Reliance Industries (RIL) gains momentum after six challenging months as brokerages highlight its potential to re-rate. Nine top firms project target prices up to ₹1,723, citing improved retail performance, EBITDA growth, and strategic catalysts.
Jio’s Q3 results may have disappointed, but home broadband is thriving
Reliance Jio’s Q3FY25 earnings missed expectations due to muted user additions, modest ARPU growth, and higher costs. However, Jio’s home broadband business showed strong growth, particularly with its 5G-based FWA services. Enterprise services also saw significant growth in government contracts.
Infosys slips 6% post Q3 results, drags down Nifty IT index
Infosys shares fell nearly 6% due to a muted outlook for the fourth quarter and cautious sentiment regarding Donald Trump’s expected policies. The stock closed at ₹1,817.50, down 5.8%. The Nifty IT Index fell 2.7%. Midcap IT companies are trading at higher valuations than large-cap players. IT stocks may face uncertainty from a global slowdown.
Wipro Q3 net surges 24.5% on consulting boost, lower costs
However, revenue remained subdued due to furloughs and seasonal weakness meeting its guidance, rising marginally by 0.1% YoY to Rs 22,318 crore from Rs 22,205 crore in December quarter 2023-24.
Land sale gain lifts Tech Mahindra net profit 92% higher
Profit was driven by a one-time land sale gain, rupee depreciation and improved rate of deal wins in its key verticals of banking, financial services & insurance (BFSI) and hi-tech & media.