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Sebi clears IPOs of Hindustan Labs, RK Steel Manufacturing Co Ltd
Generic drug maker Hindustan Laboratories and steel tubes and pipes manufacturer RK Steel Manufacturing Company have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday. The two companies, which filed their preliminary IPO papers in September, obtained Sebi's observations on April 27. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Hindustan Laboratories' maiden public offering comprises a fresh issue of 50 lakh shares, along with an offer for sale (OFS) of 91 lakh shares by the promoter, according to the draft red herring prospectus (DRHP). The company proposes to utilise IPO proceeds for funding the working capital requirements and general corporate purposes. Hindustan Laboratories is an Indian pharmaceutical company primarily engaged in the large-scale manufacturing and supply of generic medicines to government institutions under a ...
Global markets turn selective as AI, oil and capital flows drive divergence: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions, Asia at Manulife Investments explains how AI investments, rising oil prices and shifting capital flows are driving divergence across global equity markets.
India growth story strong; banks, power and defence seen as key bets: ASK Investment CIO
George Joseph, Chief Investment Officer & CEO–Equity at ASK Investment Managers, says India’s long-term fundamentals remain strong despite global uncertainty, with GDP potentially doubling in 7–10 years. He favours cyclicals like banks, autos, capital goods, real estate, and defence, supported by inflation trends and global spending. He is also bullish on the entire power value chain, driven by AI-led data centre demand, while remaining cautious on expensive consumer stocks.
Garden Reach Shipbuilders shares up 68% in April, set for best month on record after strong Q4
Brokerage firm DAM Capital expects FY27 to be peak revenue booking year for Garden Reach, followed by a slight moderation in FY28.
AI wave exposes ‘structural cracks’ in Indian IT; Envision Capital’s Nilesh Shah warns of slow pivot
Nilesh Shah and Sumeet Jain warn AI is exposing structural weaknesses in India's IT services, favoring firms like Persistent Systems and Coforge with stronger AI driven growth
Outbound deals gaining pace, but integration a challenge: Citi, Equirus Capital
Rahul Saraf, India Head of Investment Banking at Citi, and Bhavesh Shah, MD and Head of Investment Banking at Equirus Capital, said large outbound deals reflect rising global ambition among Indian firms. They noted that deal activity is increasing across sectors, but highlighted that execution after acquisition remains critical, with integration determining whether companies can achieve synergies and sustain growth.
IT growth under pressure as AI risks rise; pharma, power see support: Nikunj Doshi
Nikunj Doshi, Managing Partner & CIO-PMS at Bay Capital Investments Advisors, says IT services face growth challenges amid AI disruption and remains cautious on the sector. He prefers a bottom-up approach in pharma, citing benefits from rupee depreciation and easing US tariff risks. Doshi is also positive on power and ancillaries, driven by global investments, while staying selective on new-age tech stocks due to expensive valuations and potential post-lock-in selling.
Hitachi Energy hits new high in weak market; IDBI Capital initiates 'Buy'
IDBI Capital believes that Hitachi Energy India is a potent play amid a growing theme of power transmission in India
Mid & smallcaps offer better safety than largecaps; IT sector remains a big no: INVasset PMS
Anirudh Garg Partner & Head-Research at INVasset PMS says mid- and smallcap stocks remain relatively safer as they see lower FII selling compared to largecaps. He highlights a structural shift in India towards equity investing, supporting capital market plays. While valuations are now reasonable, growth remains the key driver. Garg is strongly bearish on IT due to slowing demand and AI disruption, while preferring capital markets, corporate-focused banks, power equipment and metals. 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.
Power emerges as top bet on AI boom, says Gautam Trivedi; stays away from IT
Global investors remain cautious on India amid oil price pressures and rupee volatility, says Gautam Trivedi, Co-Founder of Nepean Capital, even as select sectors offer bottom-up opportunities.
Power market coupling may hit exchanges’ near-term earnings, structural story intact: Axis Capital
Vivek Singla, Managing Director & CEO of Power Exchange India Limited, said the changes are expected to create opportunities for gaining market share, with a more level playing field likely to help PXIL expand its presence in the total addressable market and support both revenue and profitability growth.
Risk-reward has improved; Indian economy structurally more resilient: Rishabh Nahar of Qode Advisors
In an interview with Mint, Rishabh Nahar of Qode Advisors discusses the current market structure. With a unique 'all-weather' investment philosophy, he emphasises the importance of long-term capital commitment amidst market fluctuations.