Norges Bank adds multibagger Cartrade Tech, 2 more smallcaps in Rs 209 crore worth bulk deals
Norway’s sovereign wealth fund, via Norges Bank, purchased shares worth Rs 209 crore in Cartrade Tech, Aarti Pharmalabs, and Tanla Platforms through bulk deals, highlighting confidence in select smallcaps despite mixed stock performances.
VMS TMT’s Rs 148.50-cr IPO subscribed 102.26 times
The initial public offering (IPO) of TMT bars manufacturer VMS TMT Ltd garnered a whopping 102.26 times subscription on the closing day of share sale on Friday, driven by strong investors’ participation.
Sebi’s tweak on capital gains simplifies securities transfer from nominee to legal heir. Check details
Sebi has simplified the process of transferring securities from nominees to legal heirs by introducing a standard reason code ‘TLH’. Effective January 1, 2026, this ensures exemption clarity under Section 47 of the Income Tax Act.
Ashish Kacholia invests in Ganesh Consumer’s Rs 122 crore anchor round ahead of IPO
Ganesh Consumer Products raised Rs 122 crore from anchor investors ahead of its Rs 409 crore IPO opening on September 22. Marquee domestic and global funds subscribed shares at Rs 322 per share.
Chris Wood of Jefferies sells Reliance Industries shares to buy Adani stock
Investor Chris Wood of Jefferies has sold Reliance Industries shares and reduced exposure to select banks, shifting focus to Ambuja Cement amid India’s long-only portfolio. The move follows RIL’s AGM announcements, including Jio Platforms’ 2026 IPO and FMCG revenue targets. Ambuja gained appeal from a GST rate cut, cost efficiencies, and accelerated industry consolidation, prompting […]
CDSL shares surge over 40% in 6 months. Can they reclaim record high levels?
CDSL has delivered a stellar 42% return in six months, with shares trading near Rs 1,600 on NSE, not far from their December 2024 peak of Rs 1,989.80. After a consolidation phase, the stock has regained momentum, posting weekly and monthly gains, and analysts are watching if this strength can drive it back to record […]
Ola Electric shares rally 40% in one month. Are you missing out?
Ola Electric shares have experienced a 40% surge in the past month, driven by supportive government policies, improved operational efficiency, and overall sector optimism. The company’s eligibility for Production Linked Incentive scheme and enhanced gross margins have boosted investor confidence. However, technical indicators present a mixed outlook, with analysts suggesting potential short-term corrections despite the […]
JSW Energy shares up 3%, rise for 2nd straight session: Here’s why
JSW Energy shares surged following the announcement of JSW Neo Energy’s acquisition of Tidong Power Generation for Rs 39 crore, supporting its 30 GW renewable energy target by FY 2030. Additionally, GE Power’s boiler business demerger into JSW Energy, with a share exchange ratio, further fueled investor optimism.
GST cuts, Fed rate action spark market optimism: Alok Agarwal
Alok Agarwal sees brighter prospects for Indian equities, citing tax reforms, GST cuts, and global easing as growth drivers. While trade talks with the US remain a hurdle, cooling valuations, resilient earnings, and emerging sectoral opportunities point to renewed investor confidence and potential FII inflows after earlier outflows.
Adani Power share price target at Rs 818: 3 reasons the stock is up 9%
Shares of Adani Power surged 9% to Rs 687 on the NSE on September 19, driven by renewed investor enthusiasm. Analysts cite three key catalysts for a potential 30% upside, including Morgan Stanley’s overweight rating, the company’s plan to expand operational capacity from 18.15 GW to 41.9 GW by FY32, and a $22–27 billion investment […]