Market News
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Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Defence stock Garden Reach Shipbuilders jumps 5% after being conferred with Navratna status
Garden Reach Shipbuilders & Engineers shares rose nearly 5% following the DPE granting Navratna status due to its strong financial performance. Revenue jumped from ₹1,754 crore to ₹7,002 crore in five years, aiding broader initiatives like Atmanirbhar Bharat.
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: Kotak - Moneycontrol.com
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: KotakMoneycontrol.com
Multibagger HFCL shares hit 5% upper circuit for second session. What’s triggering the surge?
HFCL shares surged significantly after securing a substantial contract from Rail Vikas Nigam Limited. This order bolsters HFCL's standing in the telecom sector. The company is also expanding into defence, aerospace, and data centre opportunities. HFCL is transforming into a global technology player with increasing export revenues. The market anticipates continued growth driven by AI and data centre infrastructure.
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
HFCL shares jump 5% after Rs 2,666-crore RVNL order; stock soars 200% in 6 months
HFCL shares surged after securing a significant contract from Rail Vikas Nigam Limited for the BharatNet project. This order strengthens HFCL's telecom network presence. The company is also expanding into defence and aerospace sectors. HFCL is a key player in optical fibre cable manufacturing and is involved in AI connectivity. Its export revenue is projected to grow substantially.
Dipan Mehta sees long-term wealth creation in NSE listing, turns cautious on defence
Dipan Mehta, Director of Elixir Equities expects the upcoming NSE listing to attract strong investor interest, citing its attractive valuation relative to BSE and long-term growth potential. He stayed upbeat on power transmission stocks like GE Vernova T&D, Hitachi Energy and Siemens, citing strong order books and limited Chinese competition. He turned cautious on defence stocks after their sharp rally, warning of execution risks once geopolitical tensions ease. On Tata Motors, he backed the India business despite Jaguar Land Rover's conservative guidance rattling investors.
Not Every Mutual Fund Should Be Held Forever. Here Are 5 Reasons To Consider Cashing Out
If one feels that their current fund's performance does not align with their risk appetite, investors may choose to re-allocate their investments.
12 stocks added by 15+ MF schemes in May; shares surge up to 60% in CY26
Mutual funds boosted exposure to several outperforming stocks in May 2026, including BSE, Angel One, and Adani Energy. Many of these holdings have generated strong CY26 returns, reflecting sustained institutional confidence.
NLC India declared preferred bidder for critical mineral block in Telangana
The block is located in the Sangareddy district of Telangana and contains minerals that are considered strategically important for sectors such as energy storage, defence, aerospace and advanced manufacturing.
Nifty 50 target cut by Citi to 26,000 - Key risk factors, top picks explained
Citi has highlighted Financials, Telecom, Healthcare, Defence and Utilities as their key "overweights", while IT Services, Staples, Metals are their top "underweights." It has also added Hitachi Energy into its list of top picks having initiated coverage on the stock recently.
GRSE appoints Defence Ministry's Dr Vijay N Zade as government nominee director
Garden Reach Shipbuilders & Engineers (GRSE) said the Ministry of Defence has nominated Dr Vijay Namdeorao Zade, Joint Secretary (Naval Systems), as Part-Time Official Director (Government Nominee Director) on its board.