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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.
Nifty Midcap 100 index hits record high amid gains in Adani Total Gas, Info Edge & Waaree Energies: More upside ahead? - Mint
Nifty Midcap 100 index hits record high amid gains in Adani Total Gas, Info Edge & Waaree Energies: More upside ahead?Mint
Multibagger small-cap stock Dee Development hits record high, surges 160% YTD; Mirae Asset Sharekhan sees further upside - Mint
Multibagger small-cap stock Dee Development hits record high, surges 160% YTD; Mirae Asset Sharekhan sees further upsideMint
Premier Energies Shares Extend Gains A Day After Nomura, Quant Buy Stake In Block Deals
Among the key buyers, Quant Mutual Fund acquired 40.84 lakh shares, while Nomura India Investment Fund Mother Fund purchased 25 lakh shares at Rs 955 apiece.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Premier Energies bulk deal: Promoters sell stake worth Rs 2,289 crore; Quant, Nomura among top buyers
Premier Energies' promoters divested shares worth nearly Rs 2,289 crore to institutional investors, including Smallcap World Fund and Quant Mutual Fund. This move coincides with heightened interest in India's solar manufacturing sector, driven by policy support and robust earnings. The company is aggressively expanding its module and cell capacities, with analysts maintaining a positive outlook.
Barbell Strategy For Fixed Income: Here's What Debt Fund Managers Use To Navigate Yield Volatility — Explained
According to Basant Bafna of Mirae Asset Mutual Fund, the 'barbell' strategy broadly involves allocating money at both ends of the duration spectrum rather than concentrating investments in the middle.
Apollo Micro Surges 11%; Leads Defence Rally As Private Sector Push Lifts Stocks
The broader Nifty India Defence index also traded in the green, supported by gains in stocks such as Paras Defence
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Tata Motors PV, BHEL shares on 25 May
Domestic benchmark indices opened higher on May 25, buoyed by Brent crude prices dropping below $100 per barrel and optimism over a potential Iran peace deal. Nifty 50 rose 0.94% and BSE Sensex gained 1.02%. Analysts recommend buying Tata Motors and BHEL shares.
Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover
Man Industries (India) Ltd has completed the acquisition of a 100% stake in Saudi Arabia’s National Pipe Company for about USD 102 million (₹981 crore) through its subsidiary MISIC. The deal strengthens its international expansion in the pipe manufacturing sector and expands its presence in the Middle East.
AI will create jobs—but not fast enough: Management guru Ram Charan sounds a warning
India Inc. is facing a three-way squeeze from artificial intelligence, currency pressure, and shifting work models, with CEOs increasingly focused on cash, jobs and productivity, says Ram Charan, the man Fortune 100 leaders seek counsel from to navigate their business reality.
Sohum Asset CIO sees 3-5% more market correction, says buy the dip
Sanjay Parekh, Founder & CIO of Sohum Asset Managers has shifted sharply towards large-cap market leaders, remains cautious on IT, turned positive on Sun Pharma and is selectively betting on renewables through Waaree Energies.