Finwizz and Wishfin merge to build a leading omni-channel financial platform, eye IPO in 24 months
Finwizz and Wishfin are merging to form a tech-driven, omni-channel financial distribution platform targeting IPO in 24 months. The combined entity leverages Finwizz’s distribution and Wishfin’s digital strengths, aiming to scale credit aggregation and attract strategic capital.
Edelweiss Mutual Fund crosses Rs 1.50 lakh crore AUM: Radhika Gupta shares Rs 150 coin
Edelweiss Mutual Fund crossed ₹1.5 lakh crore in AUM, coinciding with BSE’s 150th anniversary. CEO Radhika Gupta highlighted the milestone and showcased tax-efficient mutual fund strategies. Edelweiss Multi Asset Allocation Fund led returns among fixed-income alternatives with 9.27% in one year.
LIC declares Rs 12 final dividend after strong FY25 earnings, sets record date
LIC dividend 2025: LIC has proposed a ₹12 final dividend per share for FY25, pending AGM approval. With an 18.38% profit rise to ₹48,151 crore, the insurer also reported increased premium income and allocated ₹56,190 crore as bonuses to policyholders, reinforcing its market dominance.
Goldman Sachs sees 22% upside in Varun Beverages, starts coverage with Buy on long-term growth potential
Goldman Sachs initiated coverage on Varun Beverages with a ‘buy’ rating and a target price of Rs 600, highlighting strong execution and long-term growth potential in India’s underpenetrated ready-to-drink market. The brokerage expects VBL to continue gaining market share, driven by leadership in fast-growing segments like energy and hydration drinks. Robust financials and a resilient […]
The Leela IPO booked 9% on Day 2 so far; GMP at 2.5%. Should you subscribe?
The Leela IPO, valued at Rs 3,500 crore, consists of a fresh issue worth Rs 2,500 crore and an offer for sale (OFS) totalling Rs 1,000 crore. The IPO opened for subscription on May 26 and will close on May 28. Share allotment is expected on May 29, while the company is scheduled to debut […]
Sagility shares hit 5% lower circuit as promoter launches Rs 2,671 crore stake sale via OFS
Sagility India promoter entity Sagility B.V., backed by private equity firm EQT, has launched a Rs 2,671 crore offer-for-sale (OFS). The sale includes up to 15.02% of the company’s equity, with a floor price of Rs 38 per share — an 11.4% discount to the last closing price. The OFS opens for non-retail investors on […]
Don’t Chase Hype: Anshul Saigal sticks to value over virality in stock selection
Anshul Saigal of Saigal Capital suggests that while early monsoons generally benefit India, fundamentals drive the market beyond short-term weather impacts. He favors broader market opportunities over expensive, unprofitable stocks like Zomato. Saigal is positive on the CDMO space due to potential gains from the China plus one strategy, while being cautious on generic pharma […]
Sell-offs create rare windows to accumulate high-quality cos at bargain valuations: Anshul Saigal
Anshul Saigal of Saigal Capital identifies mispriced bets in sectors like metals, pharma, retail, financials, and capital goods, capitalizing on market corrections and US tariff uncertainties. He advises caution on the Mag-7 tech stocks and IT services due to potential consolidation and AI impact.
4 new IPOs coming; should you go for them? Here’s how Abhishek Gaoshinde rates them
Abhishek Gaoshinde offers cautious ratings for upcoming IPOs, citing concerns over debt repayment visibility for Aegis Vopak, limited financial history and valuation for Schloss, and working capital intensive business models for Prostarm and Scoda. He also highlights a potential conflict of interest for Aegis Vopak due to Aegis Logistics’ similar business.
ETMarkets Smart Talk: Diversify across equities, debt, and alternatives to preserve wealth, Anil Rego advises HNWIs
In today’s volatile market, wealth preservation is key for HNWIs. Anil Rego advises diversification across equities, fixed income, and alternatives to manage risks and capture growth. He suggests focusing on sectors like consumer discretionary and infrastructure, while maintaining a gold allocation for portfolio stability, but advises caution on increasing gold holdings immediately.