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Niva Bupa, Star Health Get Buy Calls As Nomura Initiates On Four Insurers -- Check Target Prices
Nomura initiated coverage on India's non-life insurance sector with Buy ratings on Niva Bupa and Star Health, while assigning Neutral ratings to ICICI Lombard and PB Fintech amid regulatory uncertainty.
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).
Societe General, Prudential, others buy 3 per cent stake in Anthem Biosciences for Rs 1,275 cr
Global investors including Societe Generale and Prudential Hong Kong, alongside Indian mutual funds and insurance companies, have bought a 3 percent stake in Anthem Biosciences. The deal, valued at Rs 1,275 crore, saw promoter Aruna Ganesh exit the company. This significant transaction reshapes the promoter's holding in the integrated Contract Research, Development and Manufacturing Organisation.
ICICI Prudential Life Insurance Shares Gain 3% As Promoter Seeks To Retain 21.9% Stake
ICICI Prudential Life Insurance Shares Gain 3% As Promoter Seeks To Retain 21.9% Stake
Stocks in news: IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCL
Markets extended their winning streak for the fourth consecutive session, driven by favorable global cues and sustained sector-wide buying. The Nifty reclaimed the 24,000 mark, approaching the 100-day EMA near 24,150. Stocks like IFCI, Tata Motors, and HFCL are in focus due to significant news developments, including IPO filings, turnaround projections, and major order wins.
GIC Re ends lower after govt's OFS wraps up
Shares of General Insurance Corporation of India (GIC Re) declined 1.44% to settle at Rs 353.40 after the government's offer for sale (OFS) to divest up to a 5% stake in the company concluded on 17 June 2026.
General Insurance Corporation ends lower after OFS concludes
Shares of General Insurance Corporation of India (GIC Re) declined 1.44% to settle at Rs 353.40 after the government's offer for sale (OFS) to divest up to a 5% stake in the company concluded on 17 June 2026.
GIC Re appoints Hitesh Joshi as Chairman-cum-Managing Director
General Insurance Corporation of India (GIC Re) has appointed Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD), effective June 16. He had been serving as interim CMD since October 2025 following the completion of the previous incumbent’s tenure.
ICICI Prudential's Anand Shah favours manufacturing, consumer services despite inflation risks
Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, believes manufacturing-focused mid- and small-cap companies are well placed to benefit from stronger earnings growth, rupee depreciation and a gradual shift towards domestic production. He remains overweight on consumer services, private banks, asset managers and insurance firms, while expecting telecom industry profitability to improve over time through tariff hikes. Shah also warned that inflation risks from energy and food prices could weigh on consumption.
SBI may be the largest seller in NSE IPO, Bank of Baroda and PSU General insurance companies among selling... - Moneycontrol.com
SBI may be the largest seller in NSE IPO, Bank of Baroda and PSU General insurance companies among selling...Moneycontrol.com
GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?
General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a stake in the insurer. The offer has already attracted strong demand from institutional investors. Market analysts suggest caution for retail investors due to profitability concerns and industry headwinds.