Sensex falls 183 points, Nifty closes below 24,250 as market erases all morning gains. What lies ahead?
The Indian stock markets experienced a shift, dropping from earlier gains with both Sensex and Nifty closing lower. Key decliners included Infosys, Bharti Airtel, and L&T. Meanwhile, Kotak Mahindra Bank’s shares surged over three percent, contrasting with the mixed performance of broader markets, where small caps thrived while mid caps faced challenges. Interestingly, despite the […]
Vedanta Aluminium at earnings inflection point? Here’s why Motilal Oswal sees 21% upside
Motilal Oswal has reiterated its Buy rating on Vedanta Aluminium Metal with a target price of Rs 540, implying 21% upside. The brokerage expects EBITDA to grow at an 18% CAGR through FY26-28, supported by higher volumes, cost efficiencies, greater value-added production and favourable aluminium market dynamics.
Physicswallah shares jump 5% after block deal worth Rs 550 crore. What’s ahead after 63% rally in 6 months?
PhysicsWallah shares surged around 5% after nearly 4.67 crore shares worth about Rs 550 crore changed hands in a block deal at Rs 117.72 apiece. The stock has recovered sharply from its March low, while improving Q1 FY27 financials and a Buy rating from JM Financial point to a more positive outlook.
Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal
Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal. Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers. The transaction represented about 2.4% of the company’s outstanding shares and came after a sharp rally.
Cyient shares rocket 8% after investor day, but brokerages see up to 24% downside. Here’s why
Cyient shares jumped 8% after the IT services company outlined its growth and margin roadmap at its investor day. Management is targeting double-digit revenue growth and EBIT margins above 15% in the near term, while brokerages remained divided on the pace of recovery. Motilal Oswal retained its Sell rating, while Nuvama and PL Capital maintained […]
Hy-Tech Engineers IPO Day 3: GMP at 57%, subscription reaches 19.33x. Should you subscribe?
The Hy-Tech Engineers IPO entered its third day of bidding on August 26, with the issue subscribed 19.33 times by the end of Day 2. Retail investors led the demand, while the IPO’s grey market premium of Rs 30 indicated a potential 57% listing premium. Anand Rathi Research has assigned a “Subscribe – Long Term” […]
Over Rs 1 crore invested in mutual funds, NPS, PPF and FDs: Should this PSU banker increase equity exposure with 18 years to retirement?
A 42-year-old PSU bank chief manager, who recently welcomed twins, sought a review of his family’s financial portfolio. With around 18 years to retirement, the couple has investments across mutual funds, fixed deposits, NPS and PPF, along with home and car loans. The key priorities are building a retirement corpus, funding their children’s education and […]
Avaada Electro files updated draft papers with Sebi for Rs 7,600-cr IPO
Avaada Electro Ltd is making waves in the financial market by submitting updated draft papers for a massive Rs 7,600 crore initial public offering. This IPO features a fresh equity share issuance alongside an offer for sale. The proceeds aim to address loan repayments and support general corporate functions while facilitating the company’s ambitious capacity […]
MTAR Tech shares rally 3%, extend gains for second session. What’s triggering the surge?
MTAR Technologies shares gained 3% after the company secured a Rs 127 crore order from Nuclear Power Corporation of India for coolant channel assemblies used in reactor refurbishment. The order takes its civil nuclear order book above Rs 775 crore, while the company expects 80% revenue growth in FY27 and sees further opportunities from reactor […]
Buy, Sell or Hold: Morgan Stanley maintains overweight on Varun Beverages; Nuvama retains hold on Cyient
Morgan Stanley retained its Overweight rating on Varun Beverages with a Rs 557 target, while Nuvama maintained a Hold on Cyient and raised its target to Rs 1,050. Elara Securities retained its Buy rating on Nykaa and increased its target to Rs 475, citing premiumisation, stronger customer quality and growth in online beauty and personal […]