Indian equities could deliver another 10-15% upside over the next nine to 12 months as key macroeconomic headwinds begin to fade and earnings growth revives, according to Rajesh Kothari, Managing Director of AlfAccurate Advisors. Speaking to CNBC-TV18, Kothari said the worst phase for the market appears to be over, with falling crude oil prices, easing…
Indian auto component manufacturers expanding into aerospace and defence could emerge as one of the most compelling long-term investment opportunities, according to Rajesh Kothari, Managing Director of AlfAccurate Advisors. Speaking to CNBC-TV18, Kothari said a growing number of Indian suppliers are beginning to secure meaningful orders from the global aerospace industry, opening up a market…
US stocks opened higher on Thursday, June 25, driven by a surge in semiconductor shares after strong results from Micron Technology, while investors also weighed inflation data for May. The S&P 500 and Nasdaq Composite climbed 0.8% and 1%, respectively. The Dow Jones Industrial Average was up 316 points, or 0.6%. Micron surged 17% after…
Godrej Industries Ltd on Wednesday (June 25) said it has made a further investment in its wholly owned subsidiary Godrej Investment Ltd (GIVL), according to a regulatory filing. Godrej Investment Ltd is a wholly owned subsidiary of Godrej Industries and is classified as an unregistered Core Investment Company. It holds equity stakes in Godrej Capital…
Domestic institutional investors (DIIs) continued to provide strong support to Indian equities on Thursday, emerging as net buyers for a fourth straight session, while foreign institutional investors (FIIs) returned to net buying after being sellers a day earlier. Source link
The Reserve Bank of India (RBI) on Thursday issued final directions for the credit derivatives market, a move aimed at deepening India’s corporate bond market and expanding the range of risk-management tools available to market participants. The framework follows proposals announced in the Union Budget for FY27 and draft directions released in February for public…
Adani Group’s airport arm, Adani Airport Holdings Ltd (AAHL), on Thursday (June 25) unveiled plans through its wholly owned subsidiary, Adani Airport City Ltd (AACL), to develop integrated airport cities across six airports, with an investment of more than ₹20,000 crore in the first phase. The development will span over 655 acres across airports in…
Jio Platforms had submitted draft papers for an IPO consisting entirely of a fresh issue of up to 27 crore equity shares, with no offer-for-sale (OFS) component. The company will likely raise around Rs 35,000 crore through the public issue, which could make it the largest IPO in the history of the Indian stock market….
Indian markets closed the week strong, with Nifty above 24,200 and Bank Nifty outperforming. (Pic Credit: YouTube/ETNOW) Highlights Nifty remains technically strong, targeting 24,500 next week with robust support at 23,800 amid easing crude prices. Bank Nifty targets 59,300 with support at 57,500; investors should continue adopting a buy-on-dips approach. Shah prefers Mahindra & Mahindra…
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), PTI reported. “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…
