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JSW Energy among 5 stocks showing bullish RSI upswing
Five Nifty 500 stocks that gained over 2.5% on April 13 appeared in the RSI Trending Up scan, with RSI crossing above 50 from lower levels. The signal reflects improving momentum and sentiment, helping traders spot potential short-term buying opportunities in stocks showing early signs of upward price movement.
Aditya Birla Real Estate announces early repayment of ₹250 crore NCDs
Aditya Birla Real Estate will redeem ₹250 crore worth of 8.05% non-convertible debentures early by exercising a call option, with May 4 set as the redemption date. Shares of Aditya Birla Real Estate Ltd ended lower on Thursday, April 9, by 2.07% at ₹1,289.40 on the NSE.
Advent gets CCI nod to pick up 14.3% stake in Aditya Birla Housing Finance
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.
Birla Estates garners sales of Rs 1,600 cr from Birla Arika Phase 2 project
Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate (ABREL), has achieved bookings exceeding Rs 1,600 crore for its luxury project, Birla Arika Phase 2 in Sector 31, Gurugram. Nearly 97% of the residences-152 of 156 units-were sold within a month of launch, underlining strong buyer confidence in the brand's luxury developments in Gurugram.
Anand Rathi Wealth, RPSG Ventures among 6 stocks that hit 52-week high; rally up to 70% in a month
On Tuesday, Sensex rose 510 points to 74,617, with six BSE 1000 stocks reaching 52-week highs, signaling strong momentum and bullish investor sentiment, suggesting potential for continued market gains.
Helios MF’s Dinshaw Irani says India looks oversold, stays cautious on IT stocks
Helios Mutual Fund CEO Dinshaw Irani said the fund has been actively deploying cash as Indian equities appear oversold after recent underperformance. He noted that consumption trends remain resilient for now, though prolonged global uncertainty could weigh on demand over the next few quarters. Irani remains cautious on the IT sector, warning that AI-led disruption, weaker growth expectations and margin pressures could keep valuations under strain despite recent corrections. 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.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.
RBL Bank shares jump 4% after exceptional Q4 update, RBI’s approval for Emirates NBD’s 74% stake acquisition
RBL Bank shares rose sharply on Monday after strong Q4 business numbers and the RBI’s nod for Emirates NBD to acquire up to 74% stake in the bank. Robust deposits and loan growth boosted sentiment, with the lender crossing Rs 2.5 lakh crore in total business. Analysts remain positive amid exceptional momentum.
Axis Bank shares in focus after lender's Q4 update beats estimates; advances grow 18%, deposits rise 14%
Axis Bank's Q4 business update revealed robust growth, with gross advances surging over 18% year-on-year and total deposits climbing nearly 14%. This performance surpassed brokerage expectations, showcasing strong momentum for the private lender. The bank's CASA and term deposits also saw significant year-on-year increases, indicating healthy customer engagement and financial expansion.
Tamilnad Mercantile Bank Q4 update: Total business rises 17% on strong advances growth
Tamilnad Mercantile Bank posts steady Q4 business update with strong CASA growth, rising advances and deposits, and continued momentum after a healthy Q3.
Adani Total Gas among 5 stocks showing bullish RSI upswing
On March 19, five Nifty 500 stocks appeared in the RSI Trending Up scan. Their RSI moved above the 50 level from lower zones, signalling strengthening momentum. The indicator is often used by traders to spot improving sentiment and potential bullish continuation setups in select counters across the market.
Kotak Mahindra Mutual Fund acquires stake in this recently listed healthcare stock
Kotak Mahindra Mutual Fund (KMMF) has raised its stake in the North Indian hospital network Park Medi World Limited to more than 5%. The fund purchased 175,164 shares, bringing its total ownership to 5.0393%, which necessitates a regulatory announcement in accordance with SAST regulations.