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InvestingPro’s Fair Value spotted Rocket Companies 44% drop in advance By Investing.com - Investing.com India
InvestingPro’s Fair Value spotted Rocket Companies 44% drop in advance By Investing.comInvesting.com India
Hindustan Zinc signs pact with Sulfozyme Agro to advance sustainable metal recovery
Hindustan Zinc has partnered with Sulfozyme Agro India. This collaboration aims to boost sustainable metal recovery. Sulfozyme Agro will operate at Hindustan Zinc's Zinc Industrial Park. They will process zinc materials into value-added products. Hindustan Zinc will provide raw material support. This initiative strengthens the MSME ecosystem in Rajasthan. It promotes industrial growth and entrepreneurship.
Most analysts tracking this Metal stock are bearish, but the one 'bull' sees 28% upside
Beyond immediate market fluctuations, NALCO continues to be identified as a "clean" proxy to play the aluminium and alumina theme. The brokerage has valued the stock at 5.1 times Enterprise value to EBITDA, which, according to HSBC, is attractive.
Clean Max shares rally 15% on expanding Meta renewable energy partnership beyond 900 MW
Under the agreement, Meta will purchase 100% of the environmental attributes generated by these projects as part of its efforts to match its electricity consumption with 100% clean and renewable energy and reduce value-chain emissions in the region.
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.
ACME Solar Shares Jump After Raising Rs 2800 crore through QIP; Seen 65% Surge In Six Months
Key investors who have participated in the QIP included Nippon India Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and SBI Life Insurance, among others.
Vahh Chemicals IPO: Issue subscribed 77% so far on first bidding day. Check GMP, issue details
The Vahh Chemicals IPO opened for subscription on Thursday, 4 June and will close on Monday, 8 June. The SME issue is priced at ₹60 per equity share, with a face value of ₹10 per share. Vahh Chemicals IPO GMP is ₹11.
Sensex falls over 500 points, Nifty ends below 23,400; banks, autos drag markets
The Sensex fell 508 points to close at 74,267, while the Nifty declined 165 points to settle at 23,383, slipping below the 23,400 mark. Market breadth remained weak, with declines outpacing advances and the NSE advance-decline ratio standing at 1:2.
UPI transactions soar to record of Rs 29.9 lakh crores in May
Unified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of transactions saw significant growth. This indicates strong organic demand and a maturing digital payment ecosystem. Future growth is expected from credit-on-UPI and cross-border transactions.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.
Aarti Pharmalabs Q4 Results: Shares slide 6% as forex loss, one-offs impact earnings performance
Aarti Pharmalabs recognised fair value losses related to a target redemption forward contract entered into during FY25 for hedging anticipating US dollar export inflows. The total fair value impact recognised in FY26 stood at ₹29.7 crore.
Nomura Asset, Capital Group, others buy 5.3% stake in Premier Energies for Rs 2,291 cr
Global financial institutions and Indian mutual funds have bought a 5.3 percent stake in Premier Energies. The deal involved promoters selling shares worth over Rs 2,291 crore. This investment comes as Premier Energies secured significant orders for solar cells and modules. The company is expanding its manufacturing capacities for cells and modules.