Shares of Apollo Tyres Ltd. gained as much as 2% on Tuesday, June 30, after brokerage firm Kotak Institutional Equities upgraded the stock to ‘Add’ from ‘Reduce’. The brokerage also raised its price target on the stock by nearly 10% to ₹450 per share from ₹410 earlier. The revised target implies an upside potential of…
Applied Aerospace & Defense, a key SpaceX supplier, raised $650 million in its IPO at $20, now $20.53, as major Wall Street banks initiate buy and outperform ratings with targets up to $30. As investors enter the space trade via Elon Musk’s SpaceX, Wall Street analysts believe that Applied Aerospace & Defense is poised for…
The proposed joint venture between Dixon Technologies and Vivo is a step closer to becoming operational, with the government in the final stages of granting its approval, according to sources familiar with the matter. The Centre is currently finalising the approval process and is expected to issue the formal approval letter for the Dixon-Vivo joint…
Tata Communications Ltd. on Tuesday, June 30, announced investments of $152 million to expand its subsea cable infrastructure between India and Singapore, as it looks to strengthen connectivity between emerging artificial intelligence (AI) hubs and meet growing enterprise demand for high-speed data networks. In an exchange filing, the company said it will invest $63 million…
Healthcare, financial services and the power ecosystem are among the sectors likely to offer investment opportunities over the coming quarters, while electric vehicle (EV) adoption will continue to shape India’s auto industry, according to Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, which managed $14.94 billion in assets during the January-March 2026 quarter. Badshah…
Coal India Ltd(CIL) plans to invest around ₹1,900 crore in research and development (R&D) by FY30 as the state-run miner sharpens its technology and innovation strategy in response to the evolving energy landscape. The company’s R&D push gathered pace in FY25 with the establishment of the National Centre for Coal and Energy Research (NaCCER), a…
Shares of Ola Electric Mobility Ltd. surged over 11% on Tuesday, June 30, making it the top gainer on the Nifty 500 index, after the Delhi government approved a new electric vehicle (EV) policy that accelerates the transition away from internal combustion engine (ICE) vehicles. The stock rose as much as 11.3% to an intraday…
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, remains positive on banks, citing strong credit growth, improving net interest margins and attractive valuations despite recent senior management changes across private lenders. He also continues to favour pharma, particularly US generics and CDMOs, on easing pricing pressure and China-plus-one opportunities. Jaipuria stays underweight on large IT,…
Quick commerce is expected to enter a more execution-driven phase as competition intensifies, with profitability rather than discounting likely to determine long-term winners, according to Karan Taurani, Executive Vice President (EVP) at Elara Capital. Taurani said the entry of large e-commerce companies such as Amazon, Flipkart and Reliance into quick commerce validates the business model…
Markets should brace for “pain trades” in the second half of this year, including a steepening U.S. Treasury, unabated AI trade and an “explosive” U.S. dollar, according to an HSBC report. Markets should prepare for a number of unexpected narratives or ‘pain trades’ in the second half of the year, according to an HSBC report,…
