Why Saurabh Mukherjea has moved half his personal portfolio out of India
Saurabh Mukherjea, founder of Marcellus Investment Managers, has shifted his personal portfolio to a 50-50 split between Indian and global investments, reflecting a strategic pivot. The firm is reducing domestic consumption exposure and increasing bets on export-oriented businesses, while also building a position in companies set to benefit from rising NPAs in the Indian banking […]
MCX shares gain 3%, surge 12% in just 5 sessions. What’s behind the sharp rally?
MCX shares rose sharply on Wednesday, extending a five-day rally with total gains of 12%. The surge is driven by rising commodity prices and higher trading volumes, boosting earnings visibility. Strong Q3 results, including a 151% profit jump and robust turnover growth, further strengthened investor confidence in the exchange.
Suzlon Energy shares jump 5%, rebound 27% from March’s record low. What’s driving the rally?
Suzlon Energy share price rose on Wednesday, extending a strong April rebound and recovering nearly 27% from March’s record low. The rally comes on the back of improved market sentiment, easing geopolitical worries, rising FII interest, and robust operational performance, boosting the renewable energy major’s market value sharply.
LG Electronics shares rally 9% as lock-in expiry frees up 44 crore shares: Here’s how stock performed since IPO
LG Electronics India shares are in focus as a six-month lock-in period ends today, freeing over 44 crore shares for trade. The stock, which listed at a premium in October 2024, has seen volatility since its debut. Analysts maintain a positive outlook, citing market leadership and growth plans.
Infosys, TCS, Wipro, other IT stocks climb up to 5%. Here’s why
IT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US talks and easing concerns around AI disruption. After earlier losses due to AI and inflation worries, the sector is seeing a partial recovery, with Nifty IT emerging as a top gainer.
RailTel Corporation shares jump 11% on Rs 608 crore order wins
RailTel Corporation shares surged on Wednesday after the company secured multiple orders worth around Rs 608 crore, including major infrastructure contracts from RVNL and a recruitment services deal in Uttar Pradesh. Both projects are domestic in nature and are scheduled for completion by April 12, 2028.
LIC shares soar 5% after first-ever 1:1 bonus issue. Here’s everything you need to know
LIC shares surged over 5% on Wednesday after the insurer announced its first-ever 1:1 bonus issue, allowing shareholders to receive one additional share for each held. The move, backed by capitalisation of reserves, is subject to approvals and marks a key milestone since listing in 2022. The company said the bonus shares will be credited […]
Bullish on Adani group? GQG raises stakes in 3 stocks even as FIIs cut back in market crash
GQG Partners, long bullish on the Adani group, modestly raised stakes in key companies during the March quarter despite mixed stock performance. It increased holdings in Adani Energy Solutions, Adani Green and Adani Enterprises. In contrast, foreign institutional investors and LIC largely maintained or reduced their exposure, reflecting a more cautious stance on the group’s […]
BofA Securities initiates coverage on Groww with ‘buy’ rating; shares rally 4% to record high. Here’s what the brokerage said
Groww shares hit a new 52-week high. BofA Securities initiated coverage with a Buy rating. The brokerage sees strong growth potential for Groww. It expects revenue to grow at a 30% CAGR. Profitability is also projected to rise significantly. Groww leads the market with the most active clients. This positive outlook is boosting investor confidence […]
ICICI Prudential AMC shares slip over 3% after Q4 results. Check details
ICICI Prudential Asset Management Company share price dropped 3.4% after it reported steady March quarter earnings, supported by strong revenue growth and improved operating performance. While quarterly profit moderated sequentially, annual earnings remained robust. Expanding assets under management and a growing investor base highlight sustained business momentum and reinforce the company’s strong position in the […]