Adani Power or NTPC? Macquarie initiates coverage on 3 power stocks, hikes target prices for 3 others
As rising temperatures drive electricity demand across India, Macquarie sees the power sector entering a broad regulatory and operational reset. The brokerage initiated coverage on JSW Energy with an ‘Outperform’ rating and a Rs 720 target, while assigning ‘Neutral’ ratings to Adani Power and Adani Energy Solutions. NTPC emerged as its top sector pick, with […]
Dwarikesh Sugar, Dhampur Sugar and other sugar stocks gain up to 4% after excise duty cut on ethanol-blended petrol
Sugar stocks rose sharply on Thursday after the Finance Ministry exempted several ethanol-blended petrol variants from excise duty, strengthening the outlook for India’s ethanol blending programme. Investors cheered the move as it is expected to boost ethanol demand, improve earnings visibility for sugar companies, and support long-term sector growth.
Lenskart Solutions sees Rs 1,862-crore block deal; ADIA likely seller
Eyewear retailer Lenskart Solutions experienced a significant block deal valued at Rs 1,862 crore. Abu Dhabi Investment Authority, through its investment vehicle, sold a portion of its shares. This follows a similar stake sale by SoftBank. Despite early investors reducing holdings, Lenskart’s revenue surged in the January-March quarter. The company also reported strong full-year financial […]
Dividend rush! Buy these 5 Adani stocks, 4 Tata Group stocks today to lap up payout rewards
More than 30 companies, including five Adani Group firms and four Tata Group companies, have fixed June 12 as the record date for dividend payouts totaling nearly ₹300 per share. Investors looking to qualify for these dividends must buy the shares by June 11.
Bonus bonanza! Last date to buy City Union Bank shares for 1:3 reward
City Union Bank Bonus Issue: June 11 is the last day for investors to buy shares of City Union Bank to qualify for its 1:3 bonus issue, as the record date has been fixed for June 12. Under SEBI’s T+1 settlement cycle, shares purchased today will be credited to investors’ demat accounts by the record […]
Wipro’s Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here’s how
Wipro’s significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their accounts are active for smooth […]
Honasa shares jump 6% on Rs 5,500 crore revenue target by FY31. What is Goldman Sachs saying?
Honasa Consumer shares surged after the company outlined a revenue target of ₹5,500 crore by FY31. The guidance implies an annual growth rate of around 18% between FY26 and FY31. Growth is expected to be led by Mamaearth, with revenue projected to exceed ₹2,000 crore, while The Derma Co is expected to contribute nearly ₹1,500 […]
SpaceX IPO a bid too far? Some opt for a proxy play with Inox India
Inox India shares surged following reports of a massively oversubscribed SpaceX IPO, drawing investor attention to the Indian company as a potential equipment supplier. The stock’s rally is supported by strong operational performance and expansion into new segments, though analysts advise caution due to rich valuations.
War-wary, May equity MF inflows fall 40% to year low
Equity mutual fund inflows experienced a significant 40% drop in May, reaching a 12-month low of ₹22,908 crore. This decline, the steepest since May 2023, occurred as investors reduced lump-sum investments due to escalating West Asia conflict concerns. Meanwhile, Systematic Investment Plan (SIP) flows remained robust, showing only a marginal decrease.
Pimco says ‘credit loss cycle’ has begun, favours quality bonds
Pacific Investment Management Co. warns the credit loss cycle is imminent, driven by heavy AI spending that could widen economic disparities and impact lower-quality borrowers. The firm anticipates a resurgence in defaults and significantly higher losses in leveraged and private direct lending, citing borrower strategies like maturity extensions and payment-in-kind structures.