Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Concurrent Gainers: 10 smallcap stocks that gain for 5 days in a row
Despite the Sensex slipping 0.4% over the five trading sessions that ended June 25, several small-cap stocks extended their winning streak. Pearl Global Industries, TV Today Network and SKF India were among the top performers, with 10 stocks gaining in all five sessions and delivering returns of up to 19%.
Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC's acquisition of nearly all of Karanja's debt, signaling a significant shift in the company's future.
Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
Missed the FII U-turn? 6 stocks turned multibagger after foreign investors corrected their mistake
Foreign institutional investors (FIIs) reversed their selling trend in six select Indian stocks, turning them into multibaggers. Bajaj Consumer Care led the pack with a 265% surge after FIIs significantly increased their stake. Other beneficiaries include Acutaas Chemicals, SML Mahindra, Dee Development Engineers, United Foodbrands, and RateGain Travel Technologies, all witnessing substantial gains following FII re-entry. This shift highlights smart money's strategic course correction.
IRFC shares fall 2% as OFS worth Rs 2,212 crore opens for retail investors today. Here's all you need to know
Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in the sale, which aims to raise over Rs 2,212 crore.
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).
5 stocks bought by FIIs, MFs and retail investors rally up to 60% in 6 months
Around 22 stocks with a market capitalisation above Rs 3,000 crore saw a rare alignment, with FIIs, mutual funds and retail investors all increasing their stakes compared with the previous quarter.
SIS shares jump to 52-week high after proposal for fifth share buyback since 2021
The first three buybacks carried out by SIS, in 2021, 2022 and 2023, were worth ₹100 crore, ₹80 crore and ₹90 crore respectively, and all of them were carried out at a price of ₹550 per share.
India needs to diversify its sources of energy needs, says NITI vice-chairman
NITI Aayog Vice Chairman Ashok Kumar Lahiri highlighted that the West Asia conflict, though a temporary supply chain issue, underscores India's need to diversify energy sources. He expressed optimism about an upcoming India-US trade agreement and advocated for including pharmaceutical products in future FTAs. Lahiri likened the crisis to a manageable 'influenza,' emphasizing the lesson of not concentrating all import and export dependencies.
Waterways Leisure Tourism IPO opens on June 23: All you need to know before subscription
Ahead of the issue opening, Waterways Leisure Tourism raised ₹263 crore from eight anchor investors. Among them, Nova Global Opportunities Fund emerged as the largest investor, acquiring 6.31 lakh shares worth ₹51 crore, followed by Cullinan Opportunities Fund, which purchased 6.21 lakh shares valued at ₹50.25 crore.
Big Four firms' India operations shine amid global slump
India's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reported significant revenue increases, while KPMG and EY also saw substantial gains. Technology consulting is a major driver, contributing significantly to revenue across all firms. Despite reporting variations, all four have surpassed the $1 billion India revenue mark, signaling robust expansion and strategic investments in key service areas.
Amazon Turns 'Water Positive' In India Amid Big Tech's Global Scrutiny Over AI Data Centres
By 2030, Amazon wants all of its data center operations to be water positive worldwide.