Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Zinka Logistics Solutions (BlackBuck) saw a Rs 302 crore block deal as Peak XV Partners trimmed stake. ADIA, MIT, and ICICI Prudential emerged as key institutional buyers in the transaction.
Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers
Aptus Value Housing block deal: Aptus Value Housing Finance witnessed Rs 804 crore worth of block deals on Tuesday. Key buyers included Morgan Stanley, East Bridge Capital, SBI MF, Axis MF, and iRage Broking, acquiring shares at Rs 307 each.
Ola Electric block deal: Citigroup buys shares worth Rs 435 crore; Hyundai Motor, KIA sellers
Citigroup acquired over 8.61 crore shares in Ola Electric for Rs 435 crore as Hyundai and Kia exited. The block deal triggered a sharp 8% drop in share price amid poor earnings.
Ericsson sells Vodafone Idea stake worth Rs 428 crore via bulk deal
Ericsson Vodafone Idea stake sale: Ericsson India offloaded its 0.6% stake in Vodafone Idea, selling 63.37 crore shares at Rs 6.76 apiece via a bulk deal, raising Rs 428.43 crore. Buyer details remain undisclosed.
Zerodha’s MTF bet pays off, touches Rs 3,000 crore in 6 months despite a bear market: Nithin Kamath
Zerodha’s Margin Trading Facility (MTF) book has surged to ₹3,000 crore in just six months, serving as a revenue hedge during market downturns and boosting profitability. Enhancements in MTF features and client success are driving strong early traction.
These 10 stocks hit 52-week high and rally up to 65% in a month
Despite a 636-point Sensex drop, 10 BSE 500 stocks hit 52-week highs, signaling strong momentum. Top performers include Garden Reach, Intellect Design, and Authum Investment, with impressive monthly gains.
MRF snatches India’s highest-priced stock crown back from Elcid Investments
MRF shares: Elcid gained widespread attention in October 2024 after its stock price skyrocketed during a special call auction held by the Bombay Stock Exchange (BSE). On October 29, the share price surged from ₹3.53 to ₹2,36,250 in a single day—a phenomenal rise of 66,92,535%.
4 reasons why Morgan Stanley believes Eternal shares can rally up to Rs 320
Morgan Stanley remains bullish on Eternal (formerly Zomato), naming it a top pick with a target price of Rs 320, citing market leadership and a strong balance sheet. The brokerage projects India’s Quick Commerce TAM to reach US$57 billion by 2030, driven by rapid customer growth.
India a top growth market but still underowned globally: Matt Orton
Matt Orton from Raymond James Investment visited India for an investor conference. He finds Indian infrastructure development exciting. Orton is looking deeper into L&T due to its clean balance sheet and exposure to Indian and GCC infrastructure. He notes India is underpenetrated from an investment perspective. Orton sees long-term growth opportunities in India, especially compared […]
Vodafone Idea share price target above Rs 12? What brokerages say
Vodafone Idea shares: The brokerage firm observed that VIL’s Q4FY25 results fell short of expectations. The company also saw a loss of 1.6 million subscribers during the quarter, which was lower than the 5.1–5.2 million lost in Q2 and Q3, but slightly better than UBS’s forecast of a 1.8 million decline.