Prestige Estates among top 3 real estate stock picks by Axis Securities for FY26
Axis Securities stays bullish on real estate for FY26, citing strong booking growth, resilient demand, and robust project pipelines. Top picks include Prestige Estates, SignatureGlobal, and Arvind Smartspaces for their execution strength.
Scam alert! Sebi warns investors against fraudulent communications demanding fines, using fake logos
Sebi cautioned investors about fraudsters posing as officials using forged notices, seals, and fake sale certificates via social media to extort money. It urged the public to verify all communications on sebi.gov.in and report suspicious messages immediately.
43% of Indian HNIs save less than 20% of their income, says Marcellus–D&B Wealth 2025 survey
The India Wealth Survey 2025, which surveyed 465 households across 28 cities, revealed that 43% of high-net-worth individuals (HNIs) save less than 20% of their post-tax income, despite aspiring for early retirement, entrepreneurial ventures, and financial stability for their children.
Crude Oil caught between war winds and OPEC’s supply surge. 3 things charts suggest
crude oil price today,: Crude oil prices remained steady amid conflicting pressures—rising OPEC+ output and bearish sentiment were offset by Canadian wildfires, tight global inventories, and strong travel demand ahead of summer.
Positive macro already priced in, market needs fresh earnings trigger: Sanjeev Prasad
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from domestic and global issues. Good macroeconomics may not translate to market gains. Commodity sectors and tariff increases drive incremental profits. Earnings upgrades are not visible despite positive macro factors.
Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating
Morgan Stanley initiated coverage on Swiggy with an ‘Overweight’ rating and a price target of Rs 405, indicating a 22% upside. The brokerage highlighted strong growth potential in food delivery and quick commerce, valuing Swiggy as an emerging competitor to market leader Zomato with significant long-term earnings prospects.
Sun Pharma Advanced Research shares tank 20% after psoriasis drug fails Phase 2 trials
Sun Pharma Advanced Research Company (SPARC) psoriasis drug, Vibozilimod (SCD-044), failed to meet primary endpoints in Phase 2 trials for psoriasis and atopic dermatitis. The company has decided to discontinue development of the drug. Separately, a surprise FDA inspection is underway at Sun Pharma’s Halol manufacturing facility.
GRSE shares hit 10% upper circuit after MoU with Norway’s Kongsberg for India’s first polar research vessel
Shares of Garden Reach Shipbuilders and Engineers (GRSE) surged 10% after signing an MoU with Norway’s Kongsberg for India’s first Polar Research Vessel. The deal marks a significant boost for GRSE amid its ongoing defence shipbuilding projects, including the Navy’s Next Generation Corvettes order.
Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal; ABFRL stock tumbles 11%
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL’s stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business.
Cochin Shipyard shares jump 7% on heavy volumes; stock up over 700% in 2 years
Cochin Shipyard shares: The stock has posted exceptional gains, surging nearly 737% in the past two years, 1,178% over three years, and 1,649% in five years. Cochin Shipyard now holds a market capitalisation of Rs 55,272 crore.