AMFI unveils 27 demands for Budget 2026, seeks separate ELSS deduction under new tax regime
AMFI submitted a 27-point Budget FY27 proposal seeking tax reforms for mutual funds, including ELSS deduction under new regime, restoring indexation for debt funds, equity parity for FoFs, ReITs and InvITs, pension-linked schemes, and measures to deepen markets and savings.
PhonePe gets Sebi nod for IPO; Microsoft, Walmart to pare stake in OFS
Walmart-backed PhonePe has secured Sebi approval for its IPO, clearing a major hurdle for one of India’s biggest fintech listings. The $14.5-billion startup plans a $1.5-billion OFS, with Walmart, Tiger Global, and Microsoft set to sell shares. Strong payments dominance and rising revenues underpin investor confidence.
Budget expectations low, says Jefferies; lists defence capex among 8 measures to watch out for
Jefferies expects limited surprises in the FY27 Union Budget, with the government sticking to fiscal consolidation while focusing on defence-led capex and targeted consumption support. The FY27 fiscal deficit is seen around 4.2% of GDP, though a higher 4.4% could signal a growth push, supporting equities but pressuring bond yields.
ITC Hotels Q3 Results: PAT jumps 77% YoY to Rs 235 crore, revenue rises 47%
ITC Hotels posted strong Q3FY26 results, with net profit surging 77% year-on-year to Rs 235 crore and revenue rising 47%, driven by robust hotel demand, sequential growth, and the first real estate revenue contribution, despite higher costs and stock reaction.
NBFCs poised to outperform in easing rate cycle: Sandip Sabharwal
Market expert Sandip Sabharwal highlights banking sector challenges with deposit growth and liquidity. NBFCs show promise, with specific names mentioned. The QSR space faces subdued consumer demand, leading to mergers and investor exits. Future performance hinges on demand revival and cost management. This analysis covers current trends and future outlooks.
Adani Power in focus as NCLAT clears Rs 4,000-crore Vidarbha Power acquisition
In terms of valuation, the stock is currently trading at a price-to-earnings (P/E) ratio of 22.86. Its price-to-sales (P/S) ratio stands at 3.49, while the price-to-book (P/B) ratio is 4.73, indicating how the market values the company relative to its earnings, revenue, and net worth.
PB Fintech among 4 stocks flashing bullish signals, hinting at a possible uptrend
On January 19, in the Nifty500 pack, four stocks came to the bullish scanner of “White Marubozu”, according to stockedge.com’s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.Represented by […]
Markets muted, select opportunities emerge amid volatility: Sunny Agrawal
Indian stock markets are experiencing weakness. Experts advise investors to focus on companies with strong earnings growth. The auto and auto ancillary sectors show promise. Mid-sized banks are also performing well. Investors can find opportunities in quality stocks for medium-term gains. Long-term investors can look at sectors like steel.
Rs 8,600 crore selloff! Infosys most sold stock by mutual funds in December. Time for a U-turn?
Mutual funds divested Rs 8,600 crore of Infosys shares in December. The IT major has since reported better-than-expected Q3 results and increased its full-year growth forecast. This performance is now attracting investor attention, signaling a potential stabilization in the stock’s outlook. Analysts are revising targets upwards, anticipating accelerated growth driven by AI services.
Wipro among 7 F&O stocks with a sharp rise in futures open interest
As of January 19, seven stocks in the NSE F&O universe saw a notable surge in futures open interest, with total open interest rising by over 10% compared with the previous trading session. A sharp increase in futures open interest indicates a rise in the number of active, unexpired contracts in a security. This trend […]