Goldman Sachs buys shares worth Rs 50 crore in this smallcap stock via block deal
Goldman Sachs acquired approximately 11 lakh shares of TD Power Systems in a block deal valued at Rs 50.30 crore, purchasing them at Rs 460 per share, a 7% discount from the previous day’s closing price. Despite this acquisition, the stock experienced a slight dip, closing at Rs 483 on the NSE.
Ashok Hinduja backs IndusInd Bank board amid fraud concerns, calls it a ‘new dawn’ for the lender
IndusInd International’s Ashok Hinduja backed the bank’s leadership after suspected internal fraud surfaced. He praised swift corrective action, regulatory compliance, and reaffirmed IIHL’s financial support. Despite accounting lapses, core operations remain strong as the bank aims to restore credibility.
Emkay picks JK Cement, Motilal Oswal, 2 more small & midcap stocks. 4 reasons why
In a bullish relook at the small and mid-cap (SMID) space, Emkay Global has reiterated its constructive stance on Indian equities and picked four stocks as top SMID ideas.
Kumar Mangalam Birla’s Grasim gets cheapest rupee bond deal in 5 years
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies.
Markets move fast, but compounding moves faster: A Balasubramanian on why the next decade will be transformational
A Balasubramanian reflects on his investment journey, emphasizing the importance of compounding. He acknowledges underestimating its power early in his career. He wishes he had implemented the strategy sooner. Balasubramanian notes the rapid changes in the market. He highlights the diverse perspectives of investors. He advises caution regarding speculative assets. He stresses the need for […]
PSU banks, select private lenders remain attractive despite global market jitters: Chakri Lokapriya
Chakri Lokapriya discusses the potential impact of US fiscal deficits and RBI surplus on the Indian market, highlighting opportunities in defence and infrastructure. He suggests caution with IndusInd Bank due to operational uncertainties and favors financials and industrials, particularly PSU banks and EPC companies. While pharma faces US tariff concerns, companies like Sun and Cipla […]
Gold prices rise for 4 consecutive sessions, gain by Rs 3,800. Check price prediction
Gold and silver futures surged, driven by Middle East tensions and a weakening dollar. Gold prices at MCX opened higher by Rs 635 at Rs 96,234/10 gms, while silver opened higher by Rs 719 at Rs 98,964/kg. Analysts suggest ranges for trading, while Robert Kiyosaki predicts significant long-term price increases for gold, silver, and Bitcoin.
Unified Data-Tech IPO opens for subscription: Check GMP, price band and others
Unified Data-Tech Solutions launched its IPO on May 22, aiming to raise Rs 144.47 crore through an offer for sale. With a price band of Rs 260-273 per share, the IPO closes on May 26 and anticipates listing on the BSE SME platform. The company, specializing in IT solutions, reported strong financials and expects a […]
Market to turn highly selective after mixed earnings season: Dipan Mehta
Dipan Mehta of Elixir Equities notes a mixed earnings season with disappointments in major sectors like banking and software. However, urban consumption shows promising signs in QSR, retail, hospitality, healthcare, and travel. Mehta advises selectivity, favoring pharma companies with differentiated models, particularly CDMOs, while remaining cautious due to potential tariff impacts and base effects.
Fund Manager Talk | Defence stocks rally shows FOMO taking over rationality, says Kotak’s Atul Bhole
India’s macro fundamentals are in a really sweet spot & proving to be one of the strongest versus major global economies. Tightly controlled fiscal & current account deficits, lower inflation & stable currency while maintaining growth handle around 6-6.5% are attracting back foreign flows in a major way.