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Stocks to buy for the long term: Axis Bank, Delhivery among Ventura's top picks with 19% to 58% upside - Mint
Stocks to buy for the long term: Axis Bank, Delhivery among Ventura's top picks with 19% to 58% upsideMint
Kotak Institutional removes ABB India, Siemens, Cummins India from model portfolio
Kotak Institutional Equities' Sanjeev Prasad prefers private banks over IT and expensive industrial stocks, citing attractive valuations, stable credit growth and the potential for re-rating. He warned that AI-driven pricing pressure makes it difficult to value IT companies and said investors should avoid chasing richly valued capital goods and electrification stocks despite strong long-term themes. Healthcare, hospitality, retail and telecom remain among his preferred sectors.
CarTrade Tech shares rocket 6% as Nomura raises target price. Here are 3 reasons why
CarTrade Tech shares rose after Nomura reiterated its 'Buy' rating and raised its target price, citing stronger growth prospects for OLX. The brokerage expects artificial intelligence-led monetisation, new revenue streams, expanding margins and rising adoption of financing, escrow and logistics services to support long-term earnings growth.
Debt serviceability of corporate sector continues to improve, RBI notes in FSR report
Debt serviceability of corporate sector, as measured by the interest coverage ratio (ICR), a key indicator of corporate sector vulnerability, has continued to improve, RBI noted in its financial stability report. Supported by a stronger sequential increase in gross profits relative to interest expenses, the ICR rose to 6.5 in Q4:2025-26. However, at the aggregate level, the share of vulnerable firms (ICR < 1) increased during the quarter while the debt service ratio remained below the long-term average. Strong balance sheets of the non-financial corporate sector, along with those of financial institutions, have been a key pillar of domestic financial stability, the report noted. The private non-financial corporate sector maintained robust performance in Q4:202526, supported by higher sales growth and stable operating margins.
Railtel Corp shares gain over 2% after firm wins Rs 108 crore order from Mahanadi Coalfields
Railtel Corporation's shares surged after announcing a significant Rs 107.61 crore order from Mahanadi Coalfields for an MPLS VPN network. This follows another recent win from Thane Municipal Corporation for a citizen engagement platform and a Goa Labour Welfare Board portal. Despite recent short-term dips, the company shows strong long-term returns and robust quarterly earnings growth, with revenue up 28% year-on-year.
MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital
Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.
Unimech Aerospace surges after securing long-term supply agreement with Austria's FACC
Unimech Aerospace and Manufacturing jumped 7.66% to Rs 1,176.60 after the company signed a long-term supply agreement with FACC Operations GmbH, Austria, strengthening its presence in the global aerospace supply chain.
ITC CMD sees ₹1.7 cr drop in pay - here’s why
ITC Chairman and Managing Director Sanjiv Puri's total remuneration fell 6.8% year-on-year to ₹23.91 crore in FY26, primarily due to a decline in performance-linked bonuses and long-term incentive payouts, according to the company's latest annual report.
CARE Ratings reaffirms ratings of India Cements at 'AAA/A1+'
The India Cements (ICL) said that CARE Ratings has reaffirmed the long-term rating of the company at 'CARE AAA' with 'stable' outlook.
Rajesh Palviya of Axis Sec suggests JSW Infrastructure, Ind-Swift Laboratories, Welspun Living shares to buy next week
The Indian stock market will remain closed on June 26 for the Muharram holiday. Benchmark indices extended their winning streak ahead of the holiday, with Nifty 50 closing at 24,056 and Sensex at 77,100.47, boosted by easing crude oil prices and supportive measures for the rupee.
RBI opens term money market to AIFIs, housing finance companies
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.
RBI opens term money market to AIFIs, housing finance companies
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.