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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
J B Chemicals & Pharmaceuticals Ltd up for fifth session
J B Chemicals & Pharmaceuticals Ltd is quoting at Rs 2419.6, up 1.24% on the day as on 12:44 IST on the NSE. The stock is up 48.86% in last one year as compared to a 4.11% spurt in NIFTY and a 16.43% spurt in the Nifty Pharma.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Nestle India, FACT shares to buy - 11 June - Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Nestle India, FACT shares to buy - 11 JuneMint
Indian IT stocks could deliver 40-70% earnings growth over three years: Sowilo's Sandip Agarwal
Sandip Agarwal, Fund Manager at Sowilo Investment Managers, is particularly bullish on small- and mid-cap IT companies and also sees opportunities in data centre infrastructure, cooling systems and related industrial sectors.
J B Chemicals & Pharmaceuticals Ltd soars 1.56%
J B Chemicals & Pharmaceuticals Ltd is quoting at Rs 2206.6, up 1.56% on the day as on 12:49 IST on the NSE. The stock is up 32.31% in last one year as compared to a 7.57% spurt in NIFTY and a 10.6% spurt in the Nifty Pharma index.
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.
India's Gross Domestic Product expands at 7.7% in FY26, growth rebounds from 7.1% in previous fiscal
Ministry of Statistics & Programme Implementation stated today that India's gross domestic product (GDP) growth for fiscal 2026 has been estimated at 7.7%, slightly higher than the second advance estimate of 7.6% released in February. Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 323.12 lakh crore in the FY 2025-26, against the First Revised Estimate (FRE) of GDP for the year 2024-25 of Rs 299.89 lakh crore. The growth rate in Real GDP during 2025-26 is estimated at 7.7% as compared to 7.1 % in 2024-25.
ACME Solar Shares Jump After Raising Rs 2800 crore through QIP; Seen 65% Surge In Six Months
Key investors who have participated in the QIP included Nippon India Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and SBI Life Insurance, among others.
Suzlon’s next growth bet: solar, batteries with a tight grip on capital
The company’s ‘Suzlon 2.0’ strategy aims to turn it into a one-stop renewable energy solutions provider spanning wind, solar and battery storage, while staying capital-light and reviving exports.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.