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IT services stocks offer value despite AI concerns, says Mahindra Manulife Investment
Krishna Sanghavi, Chief Investment Officer - Equities at Mahindra Manulife Investment Management, favours private banks, manufacturing, capital goods and defence, citing policy support, corporate investment and India's shift towards bottom-up growth. Sanghavi added that upstream oil and gas companies with volume growth also remain attractive.
Atishay gains on bagging Rs 82 lakh order from Udaipur Central Cooperative Bank
Atishay added 2.47% to Rs 203.35 after it has secured a domestic contract worth Rs 82.25 lakh from The Udaipur Central Cooperative Bank, Udaipur.
Nifty trades above 24,150; IT shares in demand
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 681.95 points or 0.89% to 77,423.77. The Nifty 50 index rose 251.10 points or 0.86% to 24,167.75.
Currency in circulation up 3.1% this fiscal
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TCS’ sparse Q1 positives won't unlock re-rating triggers
From its 52-week high of ₹3,425 seen on 9 July last year, the TCS stock is down 40% as meaningful growth triggers remain elusive.
Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment
Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company's balance sheet, support expansion plans, and boost long-term growth prospects while broadening its institutional shareholder base.
Muthoot Microfin shares jump most in three months after Q1 update sends stock higher by 12%
Muthoot Microfin's Collection efficiency improved to 97.97% in Q1FY27 from 93% a year ago and 96.43% in the March quarter. The company's X-Bucket collection efficiency stood at 99.89%.
Vedanta Iron and Steel to Vedanta Oil and Gas, Vedanta Power: How Anil Agarwal's demerged stocks are performing - livemint.com
Vedanta Iron and Steel to Vedanta Oil and Gas, Vedanta Power: How Anil Agarwal's demerged stocks are performinglivemint.com
Adani flagship is the next big India pick for Singapore’s Helios
Helios Capital Management is investing in Adani Enterprises, seeing potential in India's overlooked market. The asset manager bought shares, citing Adani's improving legal standing and business ventures. Adani plans significant investments in data centers and digital expansion, leveraging its energy assets. This move positions Adani as a proxy for India's artificial intelligence ambitions. Helios also sees receding headwinds for India's broader economic outlook.
India Chemical Diaries | Ep.1: Rajen Mariwala’s blueprint for building an aroma-chemicals global business
NALCO, Hindalco rally up to 4% as aluminium prices rebound
The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.
Kalyan Jewellers' Shares Extends Rally, Surges 36% In 3 Days; Here's Why
In its Q1FY27 business update, Kalyan Jewellers said consolidated revenue grew about 38% year-on-year (YoY), while India operations also recorded revenue growth of over 38%.