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Nifty tops key 23,500 hurdle, can head to 24,500 on buying interest: Analysts
Nifty's strong breakout above 23,500 has turned technical analysts bullish, anticipating a move towards 24,000-24,500. Analysts highlight improving momentum, bullish patterns, and sustained buying interest, with 23,100-23,300 acting as crucial support. Specific stock recommendations include Bank of India, BPCL, HDFC Bank, UltraTech Cement, and KEI Industries.
Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers
A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.
Promoter sells Rs 1,024 crore worth of Ajanta Pharma shares in block deal to Kotak MF and ABSL MF
A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund acquiring the stake. The transaction comes amid strong earnings growth, healthy margins and sustained momentum in the company’s pharmaceutical business.
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entries
Rajesh Exports Chairman Rajesh Mehta refutes SEBI's fund diversion claims. He states accounting entries were misunderstood. The company faces potential removal from the Rs 18,100 crore ACC Production-Linked Incentive scheme. SEBI's order flagged a circular fund-routing scheme. The company's participation in the battery manufacturing programme is under review.
Peak XV sells stake in Go Digit to JP Morgan, Aditya Birla MF for ₹100 cr
JP Morgan and Aditya Birla Sun Life Mutual Fund have collectively acquired over 33.3 lakh shares of Go Digit General Insurance from Peak XV Partners for Rs 100 crore through open market transactions. Following the transaction, shares of Go Digit General Insurance on Friday rose 5 per cent to Rs 318 apiece on the National Stock Exchange (NSE). US-based JP Morgan through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares representing nearly a 0.4 per cent stake in Bengaluru-based Go Digit General Insurance, according to the block deal data executed on Thursday on the exchange. The shares were acquired at an average price of Rs 300 apiece, taking the combined deal value to Rs 100 crore. Meanwhile, venture capital firm Peak XV Partners through its arm Peak XV Partners Growth Investments III offloaded the same number of shares in the transaction, as per the data. The stake sale comes after Peak XV Partners fully exi
Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor
Go Digit General Insurance shares saw a significant jump. This surge followed a Rs 100-crore block deal. Aditya Birla Sun Life Mutual Fund and JPMorgan Taiwan Eastern Technology Fund acquired shares. Peak XV Partners Growth Investments III was the seller.
Go Digit shares climb 10% as institutional investors pick up stake
According to NSE, Aditya Birla Sunlife Mutual Fund has purchased 2.1 million shares of Digit General Insurance, while JPMorgan (Taiwan) Eastern Technology Fund also acquired 1.1 million shares.
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for Rs 643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of Rs 1,339 apiece, taking the deal value to Rs 643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at Rs 1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at Rs 723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of Rs 714 crore in the ...
Adani Energy sees ₹644 cr block deal; Birla MF takes 0.4% stake from Qatar Holding
Qatar Holding sold 0.4 percent in Adani Energy Solutions to Birla Mutual Fund for 644 crore, Adani Energy profit rose 5.7 percent, FY26 EBITDA and income hit record highs
Nifty could hit 27,000 once geopolitical tensions ease: Bajaj Finserv AMC CIO
Bajaj Finserv AMC CIO Nimesh Chandan projects 15% earnings growth for Nifty in FY28, with EPS rising to the ₹1,420–1,440 range, making valuations look attractive. He backs metals, construction, and cement as long-term plays on a global supply chain shift, holds gold and silver in the multi-asset portfolio, and flags El Niño and elevated US yields as key risks keeping Indian interest rates high in the near term.
Aditya Birla Sun Life AMC joins Category III AIF rush with ₹2,000 crore fund
This follows growing investor appetite for Category III AIFs, which are increasingly being used by asset managers and wealth firms to offer hedge fund-like public market products to high-net-worth individuals (HNIs), ultra-HNIs and family offices.
UltraTech stays Avvashya Capital's top pick as Ambuja, Shree shift focus to profitability
Avvashya Capital Fund Manager Mangesh Bhadang believes the Indian cement industry is finally becoming more disciplined after years of aggressive capacity expansion. He said leading players such as Ambuja Cements and Shree Cement are now shifting focus towards profitability as weak pricing and lower returns continue to pressure the sector. Bhadang continues to prefer UltraTech Cement, citing its strong execution, consistent volume growth and industry-leading profitability. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.