Mcap of nine of top-10 most valued firms jumps Rs 2.51 lakh cr; Bajaj Finance biggest winner
In a surprising turn of events, nine out of the top ten firms reported a significant boost in market valuation. Leading the charge was Bajaj Finance, which added an impressive Rs 80,000 crore to its overall worth. Following closely were Bharti Airtel and TCS, both witnessing notable rises in their market capitalization. Altogether, these companies […]
Equity mutual funds gained up to 6% in last week of July. Check top 15 with over 3% gain
Equity mutual funds delivered gains up to six percent in the last week of July. Top performers included technology and transportation sector funds which saw significant returns. SBI Technology Opp Fund and Aditya Birla SL Digital India Fund led the gains. ICICI Pru Transportation and Logistics Fund also performed well during this period. Several other […]
Mutual fund NFOs: 7 new funds will open for subscription this week. Check dates
Seven mutual fund NFOs from Kotak, Motilal Oswal, AlphaGrep, JioBlackRock, Edelweiss and Franklin India will open for subscription this week. The offers span index funds, ETFs, a fund of funds and a short-duration debt scheme, with minimum investments ranging from Rs 10 to Rs 5,000.
FPIs reverse 4-month selling trend with Rs 20,200 cr inflow in July
In July, foreign investors reversed their selling trend, becoming net buyers of Indian equities for the first time in four months by investing Rs 20,200 crore. This surge is attributed to appealing valuations and stronger corporate earnings. Additionally, foreign capital flowed into the debt market, signaling a shift in interest. The future of these investments […]
Q1 earnings this week: Infosys, Eternal, Bajaj Auto among 573 companies set to announce June quarter results
This week, 573 companies will announce their June quarter results, featuring prominent firms. Bharti Airtel and Nykaa are among those reporting earnings on Tuesday. Trent and Hero MotoCorp will release their quarterly figures on Thursday. State Bank of India and Titan Company are scheduled for Friday announcements. The earnings cycle concludes Saturday with Anant Raj’s […]
Goldman Sachs sees a bigger space opportunity beyond launch providers
Space stocks could offer significant long-term growth opportunities as the industry expands beyond rocket launches into satellites, orbital broadband, communications, defence applications and other space-enabled services, although high valuations and extreme volatility could make the investment journey uneven, according to research report by Goldman Sachs.
Nuvama initiates coverage on KPR Mill and 2 other textile stocks, sees up to 35% upside. Here’s why
Nuvama Institutional Equities has initiated coverage on KPR Mill, Indo Count Industries and Sanathan Textiles with ‘Buy’ ratings, citing the global shift in textile sourcing away from China. The brokerage expects Indian textile exporters to benefit from supply chain realignment, supported by capacity expansion, policy tailwinds and improving trade access.