Oracle stock turns 2025’s multibagger; Larry Ellison beats Elon Musk to become world’s richest man
Oracle shares soared 41% on Nasdaq after unveiling an AI Center of Excellence for healthcare. The rally pushed year-to-date gains above 100% and lifted co-founder Larry Ellison past Elon Musk as the world’s richest man. The surge was amid high volumes as nearly 43 million shares changed hands around 10:06 AM ET (7:40 India time).
Explained: 8 reasons why companies do share buybacks and what it means to investors
Infosys’ upcoming buyback proposal highlights why companies repurchase shares. Buybacks boost EPS, signal undervaluation, and stabilise stock prices. They return excess cash, offset ESOP dilution, and defend against hostile takeovers. Unlike dividends, they offer flexibility and can be tax-efficient. Investors view buybacks as confidence in fundamentals and growth.
Markets likely to see long-term gains despite near-term volatility: Anshul Saigal
Equity markets remain range-bound at 24,800–25,000, with short-term pullbacks amid foreign investor selling and tariff concerns. Anshul Saigal of Saigal Capital says long-term growth remains intact, advising investors to focus on strong businesses. While IT valuations appear expensive with weak growth, opportunities are better in defence, renewables, banking, capital goods, and manufacturing.
Helios Mid Cap Fund raises stake in ITC Hotels, Ola Electric, Paytm, MCX, Swiggy and 27 other stocks in August
Helios Mid Cap Fund expanded its portfolio to 66 stocks in August, adding stakes in Ola Electric, ITC Hotels, Paytm, Swiggy, and MCX, while introducing new positions in Acutaas Chemicals, ASK Automotive, Cummins, and Hero MotoCorp.
OFSS shares rally over 9%, mirroring parent Oracle’s surge on cloud boom
Shares of Oracle Financial Services Software (OFSS) rallied over sharply after parent Oracle’s U.S. stock soared on a blockbuster cloud forecast. Oracle’s multi-billion-dollar client wins and aggressive expansion in multi-cloud services boosted optimism that OFSS will benefit from higher license and cloud revenue growth.
Infosys shares up 7% in 2 days; can it rally more after tomorrow’s buyback announcement?
Infosys shares experienced a 2% surge, reaching Rs 1,535 on the BSE, ahead of its fifth share buyback meeting. Historically, Infosys shares have generally risen following buyback announcements. Market experts suggest that current valuations are more appealing, with the stock consolidating at lower levels.
NFO Insight: Can Groww Multi Asset Allocation Fund add value to your mutual fund portfolio?
Groww Mutual Fund introduces its Multi Asset Allocation Fund, open for subscription until September 24, investing across equity, debt, commodities, REITs, and InvITs, aiming for long-term capital appreciation. Experts suggest considering existing funds with established track records, while acknowledging the diversification benefits for moderate risk-tolerant investors seeking a balanced portfolio in volatile markets.
Adani Power shares jump 8% in 3 days. Here’s why
Adani Power’s stock is rising. This is due to a new hydroelectric project in Bhutan and the company’s first stock split. Adani Power signed an agreement with Druk Green Power Corp for the Bhutan project. The stock split aims to improve liquidity. GST reforms are also expected to boost Adani Power’s margins. Technical indicators suggest […]
IT stocks rally up to 8%: Here’s what is fueling the surge
Indian IT stocks continued their rebound on Tuesday, with the Nifty IT index posting gains for the second straight session. Broad-based buying lifted both large- and mid-cap stocks, driven by renewed sector optimism.
MTAR Technologies shares jump 4% on Rs 386 crore clean energy order from Bloom Energy
MTAR Technologies shares rose sharply after the company secured Rs 386 crore in clean energy orders from Bloom Energy. The deals, valid till June and March 2026, are expected to strengthen MTAR’s revenue, with analysts giving a ‘Strong Buy’ rating.