Shruti Shibulal buys Infosys shares worth Rs 494 crore
Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased Infosys shares worth Rs 494 crore through an open market transaction. She bought 29,84,057 shares at an average price of Rs 1,657 each. Meanwhile, Gaurav Manchanda, a family member of SD Shibulal, sold the same number of shares at the same price.
Growth in net sales of FDI cos moderated to 9.3 pc in FY24: RBI
The RBI reported a moderation in net sales growth of select FDI companies to 9.3% in 2023-24 from 20.3% the previous year, attributed to the normalization of post-pandemic demand. Despite lower sales growth, cost rationalization led to a 20.4% increase in operating profits.
Metal stocks rise up to 17% after 5 monthly declines. But trend sustainability will have to pass through Trump tariff test
Metal stocks have surged up to 17% in a month, outperforming Nifty, driven by a weaker dollar and Chinese stimulus. However, US tariffs on steel and aluminum pose risks. Analysts remain optimistic about India’s metal sector, citing strong domestic demand, China’s recovery, and potential safeguard duties. Technical indicators signal a buy-on-dips approach.
SMEs floating IPOs will face more stricter norms including a 20% cap on OFS and promoter lock-in periods
Sebi has tightened SME IPO rules, enforcing profitability criteria, capping offer-for-sale, increasing promoter lock-in, and limiting fund usage. The move aims to enhance investor protection, curb speculation, and ensure market credibility.
7 stocks with strong fundamentals plunge over 40% in CY25 market correction
Sebi issues new framework for completing rights issue process within 23 working days
Sebi has mandated completing rights issues within 23 working days from board approval, effective April 7, 2025. The move aims to streamline fundraising, reduce delays, and enhance market efficiency while ensuring stakeholder compliance and automated application validation.
Booster shot to Indian defence sector from European Commission’s ReArm plan: HAL, BEL among 6 stocks to buy
The European Commission’s ReArm Europe Plan in response to rising security threats is expected to boost Indian defence stocks like Bharat Electronics and HAL. Analysts project long-term growth, with infrastructure and aerospace sectors seen as key beneficiaries. ICICI Securities highlights Solar Industries, PTC Industries, and others as top investment picks.
Samir Arora increases cash allocation from 2% to 21% in February in Helios Flexi Cap Fund
Amid market volatility, Helios Flexi Cap Fund increased cash holdings to 20.6% in February. The fund added stocks like Zomato and Bajaj Finance while exiting 11 stocks, including Infosys and TCS. Three new stocks, including Kotak Mahindra Bank, were introduced. The fund manages Rs 2,453.23 crore and follows a dynamic equity investment approach.
Not the first or last correction: Fund Manager Mohit Khanna on how to tweak your MF portfolio
The last three quarters saw weak earnings, with single-digit growth in revenue and PAT. Q4 may also face challenges due to a high base from last year. However, quarter-on-quarter earnings should show some improvement.
Almost 50% wiped out in 50 days: Tesla shares crash under Trump’s second term
Tesla’s stock closed at its lowest point since October 2024 on Monday, wiping out all post-election gains. Investors who previously viewed the company as a key winner from the Trump presidency are now pulling back due to concerns about Musk’s leadership and the company’s operational challenges.