Vedanta Group’s Sterlite Electric files DRHP with Sebi for an IPO
Sterlite Electric, part of the Vedanta Group, has filed its DRHP with Sebi to raise funds through an IPO. The issue includes a fresh equity sale and an offer for sale, each of 77.9 lakh shares. Promoters Anil Agarwal and Twin Star Overseas will participate in the OFS. Proceeds will fund debt repayment, capital expenditure, […]
HUDCO, PFC, and Ireda shares jump up to 5% as RBI eases infrastructure financing norms
Infrastructure financing stocks surged over 5% after the RBI reduced risk weights on NBFC lending to infrastructure projects, aiming to lower financing costs. Concurrently, the RBI kept the repo rate unchanged at 5.5%, revised FY26 inflation downward to 2.6%, and raised the FY26 GDP growth forecast to 6.8%.
Vedanta Resources’ $500 mn dollar bonds attract 3x subscription
Vedanta Resources successfully raised $500 million through a seven-year US dollar bond issue, which was oversubscribed three times, attracting bids over USD 1.6 billion. This strategic move, backed by strong investor confidence, is part of the conglomerate’s ongoing efforts to repay existing high-cost debt, manage liquidity, and extend its debt maturity profile.
Markets bounce back on RBI dovish tone; Nifty Bank leads recovery: Rohit Srivastava
Indian equity markets, led by the banking sector, staged a recovery on Tuesday after eight consecutive declines. Analysts believe this signals a sustained rebound, fueled by oversold conditions and the RBI’s dovish stance hinting at future rate cuts. Bank Nifty is expected to continue its upward momentum towards 57,000, potentially lasting until Diwali.
Netweb Technologies shares surge 13% to record high, rally 170% in 6 months! Here’s why
Shares of Netweb Technologies surged to a record Rs 4,108 on the NSE, up 13%, extending a rally of 80% in a month and 170% in six months. The stock’s momentum is driven by India’s digital infrastructure growth, AI adoption, data localisation policies, and major order wins, including Nvidia-powered server contracts and Tyrone GPU-accelerated AI […]
Geoff Dennis sees limited long-term impact from US government shutdown
As a US government shutdown nears, investors are evaluating its market impact. A prolonged shutdown could weaken the economy and the dollar, potentially leading to Fed rate cuts and benefiting emerging markets. Gold demand remains strong amid uncertainty, inflation, and a soft dollar, with prices expected to rise further.
Anand Rathi Share and Stock Brokers shares rally 13% from IPO price in 2 days as investor demand stays strong
Anand Rathi shares surged up to 12.7% driven by strong retail participation and positive market sentiment. Intraday gains of 4.7% reflect investor optimism and confidence in the company’s growth outlook and fundamentals.
Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy
Market experts are urging caution for investors in the unlisted space, as valuations for companies with strong brands often appear stretched. Many current IPOs are fully priced, offering limited listing gains for new investors. Proper valuation analysis, rather than brand names alone, remains crucial for successful navigation.
Gold & silver at all-time highs: How much higher can they go?
Gold and silver recently achieved record highs on MCX, fueled by a weakening dollar, slowing US job market, and central bank de-dollarization. While minor corrections are anticipated, a sharp decline appears unlikely. Experts project silver could reach $50 and gold $3,980 by October, suggesting investors consider staggered purchases to capitalize on the sustained rally amidst […]
How this flexicap mutual fund turned Rs 1 lakh to Rs 34 lakh in 22 years
Canara Robeco Flexi Cap Fund has consistently generated wealth for over two decades, driven by a philosophy of quality businesses and prudent risk management. The fund currently favors large caps due to valuation, while maintaining a growth-quality investment style. They hold a constructive outlook for Indian equities over the next 3-5 years, anticipating gradual earnings […]