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Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers
A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.
Promoter sells Rs 1,024 crore worth of Ajanta Pharma shares in block deal to Kotak MF and ABSL MF
A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund acquiring the stake. The transaction comes amid strong earnings growth, healthy margins and sustained momentum in the company’s pharmaceutical business.
Ather Energy edges higher on fund raising plan
Ather Energy added 1.20% to Rs 1014.35 after the company said that its board will meet on Friday (12 June 2026) to consider a fund-raising proposal through one or more instruments.
The AI play no one is talking about: Why BofA is snapping up power & metals instead of IT
BofA Securities India's Amish Shah advises shifting from IT to infrastructure, citing a 'dangerous gap' in consensus earnings forecasts. He highlights that commodity-driven earnings won't command premium valuations, and warns of potential downside from current market levels. Shah's strategy favors value in financials, growth in data center-linked infrastructure and metals, and policy plays in energy security and shipbuilding.
Top Gainers & Losers on June 4: Physicswallah, Anant Raj, Force Motors, Hitachi Energy, Voltas among top gainers
The Nifty 50 and Sensex closed 0.14% and 0.03% higher at 23,396 and 74,368, respectively. The broader market, however, outperformed the benchmark indices, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.43% and 0.52%, respectively.
Pre-Market Update: Sensex, Nifty 50 Likely to Open Cautious on June 4; Hero MotoCorp, BHEL, HCLTech - Dalal Street Investment Journal
Pre-Market Update: Sensex, Nifty 50 Likely to Open Cautious on June 4; Hero MotoCorp, BHEL, HCLTechDalal Street Investment Journal
Bosch Ltd soars 0.67%, rises for fifth straight session
Bosch Ltd is quoting at Rs 37470, up 0.67% on the day as on 12:44 IST on the NSE. The stock is up 19.27% in last one year as compared to a 5.27% drop in NIFTY and a 11.69% drop in the Nifty Auto.
Tech Mahindra Ltd soars 2.44%, Gains for third straight session
Tech Mahindra Ltd is quoting at Rs 1580.8, up 2.44% on the day as on 12:49 IST on the NSE. The stock is up 2.4% in last one year as compared to a 4.55% fall in NIFTY and a 15.51% fall in the Nifty IT index.
Stocks to buy: Sagar Doshi suggests Cyient, Timken India, JBM Auto shares to buy
Indian equity markets opened lower on June 2, with the Nifty 50 down 0.66% and the Sensex falling 0.43%. Concerns over the Middle East conflict and foreign investor selling contributed to the decline, with significant losses in major sectoral indices and the broader market.
Pre-Market Update: Sensex, Nifty 50 Likely to Open Weak; Ola Electric, Wipro, NHPC Among Stocks in Focus - Dalal Street Investment Journal
Pre-Market Update: Sensex, Nifty 50 Likely to Open Weak; Ola Electric, Wipro, NHPC Among Stocks in FocusDalal Street Investment Journal
Raja Venkatraman, MarketSmith recommend four stocks for 2 June
The Gift Nifty Live Chart shows a negative start for the Indian stock market today. By 7:30 AM, the Gift Nifty was trading around the 23,243 level, a discount of 219 points from the Nifty futures’ previous close of 23,462. Stocks like Saregama India and Tech Mahindra are recommended for purchase.
Tata Motors commercial vehicle sales soar 17% at 32,850 units in May
Tata Motors has announced strong sales figures for May. Total commercial vehicle sales saw a significant 17 percent increase. Domestic sales also climbed by 19 percent, showcasing robust performance. While international volumes experienced a slight dip, the overall trend indicates positive momentum for the company's commercial vehicle segment. This growth reflects a healthy market for Tata Motors' offerings.