Uday Kotak’s crisis-time MCX bet turns into a 1,618% windfall in 11 years
MCX’s surge past Rs 10,000 milestone, has turned Uday Kotak’s 2014 crisis-time investment into a massive 1,618% gain, with Kotak Mahindra Bank’s 15% stake now valued at ₹7,887 crore. The rally follows strong earnings, rising 29% YoY, and has pushed the stock well above key moving averages despite elevated volatility.
GMDC shares rise for third straight session, up 7% on government rare earth incentive
Gujarat Mineral Development Corporation (GMDC) shares surged 7% for a third consecutive day following a Rs 7,280-crore government incentive scheme to boost domestic production of critical minerals. This initiative aims to reduce reliance on China and create significant production capacity for rare earth magnets, benefiting companies like GMDC.
Valuations not stretched, earnings will drive rally ahead: Dinshaw Irani
Seasoned voices like Dinshaw Irani expressed unwavering confidence in the market’s trajectory, anticipating new highs this year. He dismissed valuation concerns, highlighting strong earnings growth across market caps as the primary driver. Irani is particularly excited about smallcaps, seeing significant potential for growth once foreign investors rejoin the rally.
Patel Engineering shares zoom 10% after securing Rs 798 crore coal excavation order
Patel Engineering’s stock soared after securing two significant Letters of Intent worth Rs 798.19 crore for coal excavation and transportation projects in Chhattisgarh. Awarded by South Eastern Coalfields Limited, these nine-year contracts involve extensive overburden removal, coal handling, and logistics. This win further solidifies the company’s position in crucial infrastructure development for public sector undertakings.
Ashok Leyland shares rise 5% to hit 52-week high on proposed merger of finance arm with NDL Ventures
Ashok Leyland shares surged to a 52-week high following its subsidiary Hinduja Leyland Finance’s approval to merge with NDL Ventures. This strategic absorption, effective April 2026 pending approvals, involves a 25:10 share exchange ratio. The move is part of a broader realignment of Ashok Leyland’s key subsidiaries.
Rupee falls 2 paise to 89.24 against US dollar in early trade
The Indian rupee experienced a slight dip, trading at 89.24 against the US dollar on Thursday due to increased importer demand. However, foreign capital inflows into the stock market and a fall in crude oil prices provided some support. Domestic equity markets saw a positive start, with both Sensex and Nifty registering gains in early […]
Sterling and Wilson Renewable Energy shares rise 5% on Rs 1,313-crore order win. Check details
Sterling and Wilson Renewable Energy shares saw a significant jump on Thursday. The company announced it secured a major international project in South Africa. This new contract is for a 240 MW AC Solar PV project valued at approximately $147 million. This win strengthens the company’s position in the growing South African solar market.
Gold, silver prices witness profit booking but analysts remain optimistic. Is Rs 1.3 lakh target in sight?
Gold and silver prices opened lower due to profit booking and market volatility, even as expectations of December Fed rate cuts and a weaker dollar provided support. Gold February futures on MCX fell 0.41% to ₹1,27,248 per 10 grams, while silver March futures dropped 0.36% to ₹1,64,349 per kg.
Reliance Infrastructure shares rally 5%, hit upper circuit for second day after recent sell-off
Reliance Infrastructure surged 5% to hit the upper circuit for the second consecutive session, extending its rebound after a sharp six-day decline. Despite the recovery, the stock remains under pressure—down 27% in a month and nearly 60% from its 52-week high—while technical indicators continue to signal broader weakness.
Axis Mutual Fund’s Jayesh Sundar picks 3 contra ideas that may surprise in 2026
Axis Mutual Fund’s Jayesh Sundar outlines a calibrated contrarian roadmap for 2026, identifying IT, FMCG, and select export plays as key opportunities. He emphasizes a comprehensive asset allocation framework, factoring in macro and micro variables, and sees potential upside as earnings visibility strengthens and global conditions stabilize.