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Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2% - scanx.trade
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2%scanx.trade
Barometers extend winning streak for 3rd session; Nifty settles above 24,250 mark
The Nifty settled above the 24,250 mark. Realty, IT and pharma shares advanced, while PSU bank, media and auto shares declined.
Stock Market Highlights, Sensex Today: Sensex Settles 261 Points Higher Amid Mixed Global Cues - NDTV
Stock Market Highlights, Sensex Today: Sensex Settles 261 Points Higher Amid Mixed Global CuesNDTVClosing Bell: Nifty above 24,250, Sensex gains 262 points led by IT, pharma, realtyMoneycontrol.comIndia shares higher at close of trade; Nifty 50 up 0.39%Investing.com IndiaNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 3 Julylivemint.comTaking Stock: Market rally extends to third straight session; Nifty closes at 24,270, Sensex gains 262 ptsMoneycontrol.comStock Market Highlights, Jul 3: Sensex climbs 300 pts, Nifty above 24,200 as markets pare gains; IT stocks sustain rallyBusinessLineStock Market Today Highlights, July 2: Sensex settles 580 pts higher at 77,502.12; and Nifty 50 rises 0.71% to 24,175.70BusinessLineSensex today | Stock Market Highlights: Stock markets bounce back after two days of decline; Sensex jumps 444 pointsBusinessLineIndia stocks higher at close of trade; Nifty 50 up 0.39%Investing.com
Trent shares jump 4% after Noel Tata’s comments during AGM. Here’s what Morgan Stanley, other brokerages say
Trent's stock surged over 4% as brokerages like Morgan Stanley and Motilal Oswal reiterated bullish calls. Chairman Noel Tata's vision of 10x revenue and profit growth, fueled by new brands and international expansion, impressed analysts. The company plans significant investments in infrastructure and aims for aggressive store additions across its formats, signaling a strong growth trajectory.
Beyond the hype: 5 under-the-radar stocks common across India's 3 largest smallcap portfolios
India's top three smallcap mutual funds, managing over Rs 1.5 lakh crore, show strong consensus by holding five under-the-radar stocks across their portfolios. These include Kalpataru Projects International, KIMS, City Union Bank, PVR Inox, and Carborundum Universal, collectively representing 5.34% of their combined assets.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
Zee Entertainment falls 6% on weak Q4; analysts flag ad revenue concerns
Elara Capital downgraded Zee Entertainment Enterprises to Sell, while Motilal Oswal Financial Services retained Neutral amid weak ad demand and rising digital competition
Zee Entertainment Q4 Review: Motilal Oswal Stays Neutral Despite Attractive Valuations — Key Reasons Explained
According to Motilal Oswal, the stock's inexpensive valuations remain the primary factor supporting its Neutral stance on Zee.
PVR Inox shares slide 6% in two days despite strong Q4 earnings. Do Motilal Oswal, Nuvama see any upside?
PVR INOX shares dipped despite a return to profitability in the March quarter, reporting a net profit of Rs 187 crore. Strong performance from blockbuster films supported earnings recovery, with revenue rising 26% year-on-year. Analysts remain divided, with some maintaining 'Buy' ratings and others a 'Neutral' stance, citing content pipeline and occupancy sensitivities.
PVR-INOX Q4 Review: Target Price Hiked By Motilal Oswal On Record Box Office Collections — Check Potential Upside
PVR-Inox maintained its strong momentum during Q4, with revenue growth of 24% YoY, driven by a sharp jump in average ticket price and spend per head, largely attributed to the success of Dhurandhar The Revenge.