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One in five tile plants may shut as gas prices drive industry consolidation: Somany Ceramics CEO Abhishek | Interview
Despite these challenges, Abhishek Somany remains optimistic about demand prospects, citing a strong real estate pipeline, increasing adoption of large-format tiles and sustained growth in commercial construction. Edited excerpts:
Hurdles behind India's supertall buildings & vertical ambitions
India's urban growth is rapid, yet only one building crosses the 300-meter supertall mark. Fragmented regulations and infrastructure gaps hinder taller constructions. Developers face higher costs and extended timelines for supertall projects. While supertalls offer efficient land use, the focus remains on addressing affordable housing and essential urban services for the next two decades.
Nifty in control of FIIs? The unlucky 13 bluechips facing the hardest institutional selloff
Foreign investors have significantly reduced holdings in many Nifty companies since September 2024. This has impacted top blue-chip stocks, causing market returns to stagnate. Domestic institutional investors have stepped in, absorbing much of this selling pressure. Experts suggest this is a market recalibration, not a complete exit from India. Investors are advised to focus on earnings growth and disciplined allocation.
GNG Electronics share price jumps nearly 9% after ₹175 crore block deal; Motilal Oswal, Goldman Sachs pick up stake
GNG Electronics shares rose nearly 9% after a ₹175 crore block deal involving multiple mutual funds and foreign investors. The company saw notable growth, with a 55% rise in six months, backed by its strong refurbishment capabilities and positive market outlook from Motilal Oswal.
Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
Block deal: Goldman Sachs picks stake in this smallcap stock that surged 50% in 6 months
GNG Electronics witnessed a Rs 175 crore block deal as promoter Vidhi Khandelwal sold shares to domestic mutual funds and foreign investors. Institutional interest comes amid optimism over the company’s leadership in the refurbished electronics market and strong growth prospects.
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.
ICICI Bank shares in focus after lender receives Sebi’s warning letter. Here's why
ICICI Bank shares are under scrutiny after Sebi issued a warning for a custodian violation related to FPI fund repatriation. Despite this, the bank stated no material impact on its financials. Meanwhile, Motilal Oswal maintains a 'Buy' rating, citing strong growth prospects and a target price of Rs 1,750.
INR settles lower as prolonged West Asia crisis poses a major risk for India; RBI eyed
The Indian rupee depreciated 7 paise to close at 95.83 (provisional) against the US dollar on Thursday, as heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying. The prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports. Market participants are now turning their attention to the Reserve Bank of India's MPC rate decision on June 5, as inflation, growth and the rupee are under focus. The six-member MPC, headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5. Indian equity benchmarks ended flat but resilient today, recovering from early intraday losses. The NSE Nifty 50 closed marginally higher by 10.95 points (0.05%) at 23,416.55, while the BSE Sensex inched up 13.84 points (0.02%) to finish at 74,360.01. The primary catalysts for the market recovery were breaking news of potential tax concessions for foreign institutional investors (FIIs) and tentative signs of ..
After a dull Q4, Glenmark Pharma needs a booster shot to grow
Investors are shifting their focus to core operational execution as the drugmaker looks past one-off licensing gains to drive its FY27 growth.
Groww, Lenskart, 9 other stocks among Motilal’s non-Nifty ideas. Check full list
Motilal Oswal has revealed its top non-Nifty stock picks. The brokerage anticipates robust earnings growth for these companies. Key names include ICICI Prudential AMC, TVS Motor, and Dixon Technologies. Delhivery shows the highest projected earnings expansion. Investors can explore these opportunities for potential gains.
Trent nears record date for 1:2 bonus issue: Should you buy shares for bonus reward? Here’s what experts say
Trent's bonus share issue is approaching its record date of June 4. The company will issue one bonus share for every two held. Analysts suggest investors should not buy Trent shares solely for the bonus. Focus should remain on the company's growth and earnings potential. Trent's stock has seen a decline over the past year but shows strong long-term gains.