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How JSW Energies’ Rs 3,150-crore JSW Steel stake sale will help lower debt, Jefferies explains
JSW Energy’s Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage, support capex plans and improve execution visibility, prompting a target price upgrade to Rs 675.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
Railway Board pulls up zones over poor pace of environmental initiatives, orders fast-track efforts
Indian Railways is pushing for faster execution of environmental projects. The Railway Board has urged all zones to complete these initiatives effectively and on time. This is crucial for achieving the goal of becoming a Net Zero Carbon Emitter by 2030. A significant fund was allocated last year, but progress has been slow.
‘Time for alpha’: Motilal Oswal AMC CEO sees these sectors leading next market cycle
Motilal Oswal AMC MD & CEO Prateek Agrawal said the current market environment favours active investing and emerging growth sectors over traditional index-heavy plays. Agrawal also said gold duty hikes were less severe than expected and added that mutual fund inflows remain stable despite market volatility.
Indian Banks poised for double-digit corporate credit growth on infra, energy, data centre push
Indian banks foresee robust corporate loan growth this fiscal year. Demand is surging from key sectors including renewable energy, infrastructure, and manufacturing. Major lenders like SBI and Bank of Baroda report strong loan pipelines. This expansion signals a positive outlook for business lending across the country. However, banks face liquidity challenges in sustaining this growth.
Indian banks poised for double-digit corporate credit growth on infra, energy, data centre push
Indian banks foresee robust corporate loan growth this fiscal year. Demand is surging from key sectors including renewable energy, infrastructure, and manufacturing. Major lenders like SBI and Bank of Baroda report strong loan pipelines. This expansion signals a positive outlook for business lending across the country. However, banks face liquidity challenges in sustaining this growth.
SBI shares down 10% in two sessions after downgrades on Q4 results miss but no 'sell' rating
SBI currently trades at 1.2 times its financial year 2028 estimated book-value-per-share and therefore, Nomura does not expect any material re-rating from current levels.
SBI Q4 profit rises 6%, investors cautious over bond yield impact
State Bank of India achieved its second-highest annual corporate profit, reaching ₹83,299 crore. Despite robust loan growth, investor sentiment dipped due to margin pressures and treasury losses. The bank's net profit rose 6% in the fourth quarter. Chairman CS Setty expressed confidence in continued credit growth for the current fiscal year.
These major companies are rewarding shareholders with hefty dividends this year
MRF Limited, Britannia Industries, Larsen & Toubro, State Bank of India and Tata Consumer Products announce final dividends for FY26, with SBI payout on June 4, 2026
Stocks to Buy: Citi projects 20% upside for a stock that Mutual Funds lapped up in March
Citi expects Anthem Bio's revenue to grow at a 19% CAGR over financial year 2026-2028 and its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to grow at a 22% CAGR during the same timeframe.
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.