Sebi introduces standing instructions for SWP, STP in mutual funds in demat holdings
Sebi has allowed SWP and STP standing instructions for mutual fund units held in demat form, simplifying investing. The rollout will occur in two phases, with unit-based transactions by January 2027 and amount-based transactions by April 2027 through depositories.
MakeMyTrip India files confidential IPO DRHP with Sebi. Check details
MakeMyTrip has stealthily submitted documents for its Indian subsidiary’s IPO, marking a significant step in expanding its market presence. The planned offering includes equity shares in MakeMyTrip India Ltd. By doing so, the company aims to boost brand recognition and motivate talent within the subsidiary. The funds raised will bolster MakeMyTrip’s financial strength, paving the […]
HDFC Bank, Axis Bank, ICICI, Kotak shares rise up to 3% ahead of Q1 earnings; Nifty Bank gains 500 pts. What to expect?
Banking stocks rallied on Friday, lifting the Nifty Bank index over 500 points ahead of Q1FY27 earnings from HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank. Brokerages expect steady loan growth and stable asset quality, though margin pressure may weigh on earnings during the quarter.
Infosys, TCS, HCL Tech, other IT stocks rally up to 3%. 2 major reasons why
Indian IT stocks saw gains on Friday, led by Tech Mahindra’s better-than-expected first quarter results. Infosys and HCL Tech also advanced, with HCL Tech securing a significant seven-year deal. Wipro shares declined more than three percent after reporting weak first-quarter performance. Brokerages offered positive outlooks for Tech Mahindra, increasing target prices for the stock. The […]
Polycab India shares fall 4% despite strong Q1 earnings, profit jumps 33% YoY
Polycab India shares slipped 4% on Friday despite the company reporting its best-ever first-quarter performance. Q1FY27 net profit rose 33% year-on-year to Rs 797 crore, while consolidated revenue jumped 39% to Rs 8,210 crore. Strong growth in the Wires & Cables and Fast-Moving Electrical Goods (FMEG) businesses drove the robust earnings, even as investors booked […]
Relaxo Footwears jumps 14%, snaps 3-day losing streak. What should investors do now?
Relaxo Footwears shares surged 14% on Friday, snapping a three-session losing streak, as strong buying emerged at key technical levels. The rally added nearly Rs 1,255 crore to the company’s market capitalisation. After falling 55% from its 52-week high to a March low, the stock has staged a sharp recovery, rebounding over 76% from the […]
Groww shares rebound 4% after Thursday’s slump. Why are Jefferies, Motilal bullish on the stock?
Groww shares rebounded on Friday after a sharp decline in the previous session as brokerages remained upbeat following strong Q1FY27 earnings. Jefferies, JM Financial and Motilal Oswal reiterated Buy ratings, citing robust profit growth, improving operating leverage, market share gains and diversified revenue streams, with targets of Rs 250.
NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut
Dolat Capital has initiated coverage on NSE with a ‘sell’ rating and a Rs 1,550 target, implying 26% downside from its unlisted-market price. The brokerage expects tighter derivatives regulations, falling options volumes and market-share losses to curb growth, making NSE’s rich valuation difficult to justify ahead of its planned $3 billion IPO.
WeWork India Management shares slide 5%; Q1 loss narrows, revenue jumps 27% YoY
WeWork India reported a narrowed net loss of Rs 4.31 crore for Q1FY27. Revenue from operations increased 27.74% year-on-year to Rs 683.83 crore. The company expanded its operational portfolio by 18.5% to 79 centres. Free cash flow from operations grew significantly by 176.1% year-on-year. Despite a stock dip, medium-term returns have been strong.
CEAT shares crash 9% after Q1 net profit tumbles 96% YoY to Rs 4 crore. What lies ahead?
CEAT shares dropped over 9% on Friday after reporting a significant profit decrease. The tyre maker’s net profit fell 96% year-on-year to Rs 4 crore. Higher raw material costs due to the West Asia crisis impacted profitability during the quarter. Revenue from operations grew 22% year-on-year to Rs 4,318 crore. The company announced a Rs […]