Hot Stocks: 3 stocks that may give returns between 12-46%
Analysts predict growth for Reliance Industries, focusing on its AGM and potential Jio IPO. Indiamart Intermesh is upgraded with a higher price target due to business upcycle and initiatives. Mahanagar Gas anticipates volume growth and benefits from potential CNG/EV transition in Mumbai. These stocks show promise for investors seeking returns.
MCX hits all-time high as UBS raises price target to Rs 10,000
Multi Commodity Exchange of India (MCX) shares soared to a record high after UBS increased its price target to ₹10,000, driven by a robust volume outlook and anticipated new product launches. UBS anticipates sustained strong trading volumes in key commodities, despite geopolitical uncertainties. The ‘Buy’ rating reflects confidence in MCX’s near- to medium-term growth prospects.
RBI sells $3.6 billion in April to stabilize rupee amid global trade tensions
In April, the Reserve Bank of India net sold $3.6 billion amidst equity market volatility triggered by Donald Trump’s tariff deadlines. This intervention aimed to stabilize the rupee, which appreciated 1.2% to close at 84.49 per dollar, despite trade and geopolitical tensions. The RBI had also purchased $14.
SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years
State Bank of India is set to raise up to ₹25,000 crore via a QIP, its first since 2017, aiming to boost its CET-1 capital ratio from the current 11%. Six investment banks, including Kotak and Morgan Stanley, will manage the issue, potentially India’s largest QIP to date.
FDI inflows rise to $8.8 billion in April, NRI deposit mobilisation slows
India’s foreign direct investment surged to $8.8 billion in April, a 22% increase year-over-year, bolstering the RBI’s foreign exchange reserves. While non-resident deposit inflows slowed, overall external commercial borrowing rose significantly. Despite a drop in foreign portfolio investment, India’s external sector remains resilient, with forex reserves reaching $698.95 billion in June.
Why are investors shying away from sectoral and thematic mutual funds in 2025?
Sectoral and thematic equity mutual funds, popular in 2024, are experiencing reduced investor interest due to volatile returns and increased risk. Net inflows have significantly decreased from an average of ₹15,340 crore to ₹1,408 crore monthly. Investors, possibly mis-sold and unaware of the risks, are liquidating holdings after market sell-offs, prompting caution from analysts regarding […]