FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank and Kotak Mahindra Bank stand to benefit from higher inflows, IDFC First Bank offers the strongest earnings upside. Investors may see margin pressure initially before stronger liquidity, loan growth and […]
CAS rewrites the closing bell: How market stocks fared in a month and what’s next
Following the introduction of the Closing Auction Session, capital-market stocks displayed a range of performances. While Motilal Oswal Financial Services and MCX enjoyed substantial gains exceeding 20 per cent, companies like Indian Energy Exchange, BSE, HDFC AMC, and CAMS experienced significant falls. The uptick in trading activity sparked gains for several brokerages and wealth management […]
PVR Inox’s Rs 300-crore buyback opens on Sept 10: Check buyback price, key dates, entitlement ratio
PVR Inox’s Rs 300-crore share buyback opens September 10 and closes September 17, offering eligible shareholders Rs 1,450 per share, over 25% above the market price. The company plans to repurchase nearly 21 lakh shares. Eligibility depends on the September 4 record date, with separate entitlement ratios for small and general shareholders.
Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?
Copper prices have soared to unprecedented levels, creating ripple effects on manufacturing expenses worldwide. UltraTech’s Ultravolt is making bold strides into the Indian wires and cables sector, creating a competitive landscape for established manufacturers in fiscal year 2027. As a response to escalating input costs, companies are enacting price hikes, raising investor apprehensions about increased […]
IDBI Bank shares crash 11% as Fairfax deal moves closer
IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.
Biocon shares rise 2% on 10-year Pertuzumab supply deal for breast cancer therapy in Brazil
Biocon shares rose after the company secured a 10-year Pertuzumab supply contract in Brazil. The consortium with Bahiafarma and Bionovis received full allocation under the country’s PDP programme, providing access to around 70% of public-sector demand.
IFCI shares slide 7% after stellar 30% monthly surge amid NSE IPO buzz
IFCI shares fell 7% after a sharp recent rally, after the stock rallied nearly 30% in a month amid Sebi’s approval of the NSE IPO. IFCI has indirect exposure to NSE through its stake in Stock Holding Corporation of India.
Hindustan Copper shares jump 4% as copper prices surge to all-time high. What’s driving the red metal’s red hot rally?
Hindustan Copper shares jumped over 4% as copper prices hit record highs amid supply concerns and a weaker US dollar. LME copper touched $14,533 per tonne, while MCX futures neared lifetime highs. Hindustan Copper, India’s only integrated copper producer with captive mines, has gained over 115% in the past year.
Explosive Gains! ESDS Software shares skyrocket 195% from IPO price in 3 sessions
ESDS Software shares extended their post-listing rally for a third session, rising 16.21% to Rs 1,266, nearly 195% above the IPO price of Rs 429. The surge follows a 136-times subscribed IPO, improved financial performance and plans to invest heavily in cloud and data-centre infrastructure.
HFCL, Sterlite Tech shares jump 5%: What’s driving up to 705% multibagger run?
HFCL and Sterlite Technologies hit their upper circuits on Tuesday, extending their sharp 2026 rallies on strong business updates. HFCL has surged over 267% so far this year, while Sterlite Tech has delivered a staggering 705% return, making both standout multibaggers.