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Prudent ARC top bidder for Aban Offshore debt
Prudent ARC has become the highest bidder for Aban Offshore's ₹1,080 crore debt from Punjab National Bank, offering ₹193 crore. This marks the first time a bank has sold Aban Offshore's debt, resulting in an excess recovery for PNB compared to the promoters' settlement offer. The move allows PNB to avoid lengthy legal recovery processes.
Nifty Outlook for June 10: Two things that need to fall in place for the index to breakout
For Wednesday's midweek session, Tuesday's high of 23,279 will become the first level to cross for the bulls before an attempt is made to sustain above 23,300 levels. At this juncture, with the underperformance of IT, HDFC Bank and the volatile moves seen in Reliance Industries, 23,500 appears distant.
Stocks in news: RIL, Coal India, IDFC First Bank, Zydus Life, ONGC
Markets traded subdued with the India VIX correcting nearly 15% this week, though this hasn't significantly impacted benchmark index movement. RIL announced its AGM for June 19, 2026, while Coal India's government offer-for-sale will exercise the oversubscription option. Bharat Dynamics reported a 58.5% YoY drop in Q4 FY26 net profit, contrasting with Ashok Leyland's 14% YoY rise.
Buy, Sell Or Hold: Lupin, IDFC First Bank, Eicher Motors, IRFC, Eternal, Coal India — Ask Profit
Ruchit Jain and Avinash Gorakshakar provided insights on these investor queries and more on NDTV Profit's Ask Profit's show.
Stocks in news: RIL, TCS, IDFC First Bank, BPCL, SpiceJet
Indian equity markets saw profit booking on April 9, ending a five-day rally. Several companies like RIL, TCS, and IDFC First Bank are in focus due to news and Q4 results. Granules India faces US regulator scrutiny, while SpiceJet is ordered to pay $8 million to an engine lessor.