Nifty may have lost its spark since last Diwali, but 25 penny stocks made investors up to 540% richer
While major Indian stock indices saw modest gains, a surprising rally occurred in penny stocks. Over the past year, at least 25 low-priced stocks delivered returns of up to 540%, significantly outperforming larger counterparts. These microcap gains, often in sectors like infrastructure and finance, highlight a vibrant, albeit speculative, segment of the market.
Dipan Mehta bullish on LG Electronics as GST cut boosts outlook
Market expert Dipan Mehta highlights selective opportunities in the IT sector, favoring new-generation companies like Persistent Systems over traditional players. He is positive on LG Electronics due to strong consumer sales and GST cuts. Mehta maintains a neutral stance on insurance but is very optimistic about the healthcare diagnostics sector, citing strong recent results and […]
Market experts identify Amber Enterprises and Polycab as high-risk, high-reward plays
Experts have identified select stocks for investors in a range-bound market. Opportunities range from long-term safety bets like Coal India to medium-term plays such as Eternal and CDSL, and high-risk options like Amber Enterprises and Hindustan Zinc, catering to diverse risk appetites.
R. Gandhi says IMF’s growth upgrade a ‘balancing act’ amid tariff uncertainty
The IMF raised its global growth outlook to 3.2%, but former RBI Deputy Governor R. Gandhi described it as a “balancing act.” He noted the IMF’s cautious commentary on trade frictions and tariffs contrasts with its optimistic numerical projections. Gandhi emphasized India’s domestic-driven resilience and the challenges for manufacturing growth.
CoinDCX secures new funding from Coinbase, valuation hits $2.45 billion
Coinbase is strategically expanding its horizons with a fresh investment in CoinDCX, an Indian crypto exchange, now boasting a valuation of $2.45 billion. This investment marks a continuation of their partnership, following an initial investment in April 2022. With CoinDCX revealing impressive figures of $141 million in annualized revenue and $1.
IREDA shares slip nearly 3% a day after Q2 results as investors book profits
Shares of Indian Renewable Energy Development Agency (IREDA) fell 2.6% to Rs 153.35 after a strong Q2 FY26 showing. Despite a 41.5% YoY jump in net profit and robust operational metrics, investors booked profits, leading to a price correction. Loans and disbursements also saw significant growth.
Bank of Maharashtra shares gain 4% as Q2 net profit jumps 23%; NII over 15%
Bank of Maharashtra shares: The lender reported a 23% YoY jump in Q2FY26 net profit to ₹1,633 crore, with NII up 15.7% to ₹3,248 crore and operating profit rising 16.9% to ₹2,574 crore.
Gen Z turns to real estate for passive income and financial freedom: Shobhit Agarwal
Gen Z is increasingly investing in real estate for passive income and financial freedom, prioritizing flexibility and tech-driven decisions. Fractional ownership offers lower entry costs and diversification, making it an attractive alternative to traditional property investment for young investors seeking steady rental yields.
From Tatas to Adanis: Why ICICI Prudential is backing India’s conglomerates for long-term wealth creation
ICICI Prudential Mutual Fund’s new Conglomerate Fund targets India’s largest promoter-led business groups, betting on their structural strength and diversified earnings for long-term wealth creation. The fund will balance mature cash generators with emerging growth engines, employing a dual-lens framework of structural strength and cyclical opportunity.
Midwest IPO opens today: Check GMP, subscription, price band and other details
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for […]