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Vedanta Aluminium, Adani Power, 4 other stocks with up to 24% upside. Do you own any?
Several brokerages have initiated coverage on Indian stocks, forecasting significant upside potential. Vedanta Aluminium and Adani Power are among the companies with positive outlooks. Uno Minda and Blue Star also show strong growth prospects for investors. Aequs and Aditya Infotech are highlighted for their manufacturing and market leadership. These selections offer investors potential gains based on analyst recommendations.
Aditya Infotech: investors need to focus on far range clarity as valuation looks stretched for now - Mint
Aditya Infotech: investors need to focus on far range clarity as valuation looks stretched for nowMint
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
Dixon Technologies sells 3.8% stake in Aditya Infotech for ₹661 crore via block deal
Dixon Technologies sold a 3.8% stake in Aditya Infotech Ltd for ₹661 crore. Shares of Aditya Infotech Ltd ended higher on Wednesday, February 25, by 7.02% at ₹1,578.00 on the NSE.
Aditya Infotech block deal: Promoters, Dixon Tech likely to offload up to 5.8% stake
Aditya Infotech promoters, along with Dixon Technologies, are likely to sell up to 5.8% stake via a ₹1,000 crore block deal, sources told CNBC-TV18.
ADIA, Kedaara Capital, Ashoka WhiteOak among 12 investors buying 3.8% stake in CP Plus; promoter, Dixon offload 5.8% shares
With this transaction, total stake selling by promoters was 2 percent, which ultimately brought down their total shareholding below 75 percent mark at 74.91 percent, while the public float stands at 25.09 percent in Aditya Infotech.