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Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
SBI Ventures to manage Rs 20,000 crore Maritime Fund
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government equity, aims to attract private capital for the maritime sector's growth. The fund will operate as a trust and be registered with SEBI, focusing on a blended finance model to boost long-term, affordable capital availability.
Nifty May futures trade at premium
Tata Motors Passenger Vehicles, HDFC Bank and Infosys were the top traded contracts.
Dalal Street set for negative opening as GIFT Nifty trades lower
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
Kaynes Technology Q4 Results: Profit falls 22% YoY to Rs 91 crore; revenue jumps 26%
Kaynes Technology posted robust quarterly revenue growth driven by strong electronics manufacturing demand and expanding execution across sectors. However, higher material, employee and finance costs weighed on profitability. The company continued benefiting from localisation trends, government incentives and rising outsourcing demand across industries.
Multibagger MTAR Technologies shares rally 10% after raising FY27 guidance; Q4 net profit surges 223% YoY
MTAR Technologies shares surged after the company reported a significant 223% jump in fourth-quarter net profit, driven by robust revenue growth of 67%. The precision engineering firm also raised its FY27 revenue growth guidance to over 80%, citing capacity expansions and strong order books across clean energy, nuclear, and aerospace sectors.
MTAR Technologies Q4 Results: Profit soars over 200% to Rs 44 crore; revenue up 67%
MTAR Technologies reported a sharp rise in March-quarter earnings as strong revenue growth and improved operating efficiency boosted profitability. The precision engineering company benefited from higher product sales and expanding opportunities across clean energy, aerospace, defence, and strategic manufacturing sectors.
Unique Picks: 6 stocks held by only one MF scheme in April, falling up to 40% in CY26
An analysis of mutual fund portfolios revealed 29 stocks held exclusively by single schemes, with most underperforming in CY26. However, Satin Creditcare Network, Rossell Techsys, and Amanta Healthcare bucked the trend, delivering strong returns. Brooks Laboratories and EFC (I) were among those experiencing significant declines.
India's power sector set for up to 6 per cent CAGR on multi-vector capex upcycle: Citi
India's power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centers, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables, transmission, and grid storage.
Motilal Oswal bullish on BSE, Lenskart and cement stocks as AI, market share growth drive outlook
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said the brokerage remains positive on BSE Ltd. with a ₹4,400 target as cash market share gains and NSE’s expected listing could support growth. He also highlighted strong opportunities in AI-linked sectors such as power, cables and data centres, maintained a buy call on Lenskart with a ₹600 target, and named UltraTech Cement Ltd., JK Cement Ltd. and Dalmia Bharat Ltd. as preferred cement picks. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
F&O Cues: Analyst suggests 'Bull Spread' on Bank Nifty, BDL; check details
Nandish Shah of HDFC Securities has shared Bull Spread' on strategy on Bank Nifty and Bharat Dynamics
India's power demand to rise by 5 to 5.5 percent in FY27: ICRA
India's power demand is set for a significant rise of 5.0-5.5 percent in 2026-27. This growth will be fueled by industrial, commercial, agricultural, and household sectors. Emerging sources like electric vehicles and data centers will also contribute. Thermal plant utilization will stay steady. Distribution companies face challenges with high debt and muted tariff hikes, impacting their profitability.