Shares of Zee Entertainment Enterprises Ltd. gained on Tuesday, June 23, as brokerage firm CLSA reiterated its positive outlook on the stock, led by the recent performance of its OTT platform during the FIFA World Cup. CLSA maintained its “outperform” rating on the stock with a price target of ₹125 per share, indicating an upside…
Brokerage firm Jefferies remains constructive on India’s consumer finance space, saying the operating environment for non-banking financial companies (NBFCs) has improved following the easing of tensions in West Asia. In a recent note, the brokerage said growth and collections are tracking well ahead of last year, while softer bond yields and expectations of delayed interest…
Billionbrains Garage Ventures Ltd., parent company of trading platform Groww, is looking to build a three-tier wealth platform across retail, affluent and High Net Worth Individual (HNI) segments, going beyond the traditional broking business, Kotak Institutional Equities wrote in its latest note on Tuesday, June 23. Kotak maintained its “buy” recommendation on Groww with a…
Nilesh Shah, Founder of Envision Capital, which managed funds worth ₹2,020.69 crore as of May 31, 2026, expects Paytm to remain on an upward trajectory over the next few quarters, supported by earnings growth, policy initiatives and improving investor sentiment. Shah believes the prolonged consolidation in equities has created a foundation for the next leg…
Shares of Interarch Building Solutions Ltd. gained more than 3% on Tuesday, June 23, after the company secured a domestic order worth approximately ₹165 crore for the design, engineering, manufacturing, supply and erection of a pre-engineered steel building (PEB) system. The company secured new contracts worth ₹375 crore during June 2026. The order is scheduled…
In a note published Monday, Goldman said investors are increasingly grappling with the risk that rates remain elevated for longer, with markets pricing a wider range of possible policy outcomes. Goldman Sachs has identified bond puts as some of the most effective hedges against a renewed rate shock, as uncertainty around the Federal Reserve’s policy…
The June Fed meeting set a hawkish tone. Now, several Wall Street firms don’t believe gold will live up to their bullish targets. Wall Street firms are adjusting their views on gold downward after the unexpectedly hawkish tone of the new Federal Reserve Chairman Kevin Warsh. Continue Reading with CNBC-TV18 Access Membership Priority Access and…
Raymond Ltd. is nearing an acquisition in the aerospace business and is in talks to buy German engineering player Deharde, people in the know told CNBC-TV18 on Tuesday, June 23. Raymond’s recent ₹330 crore preferential issue had earmarked ₹248 crore for acquisitions. The company had identified sectors such as aerospace and space tech for acquisitions….
IRCON International on Tuesday said its joint venture with Badri Rai & Company has secured a ₹763.1 crore contract from Tripura State Electricity Corporation Ltd (TSECL) for the development of a smart grid project in Agartala. Under the contract, the joint venture will undertake the design, engineering, supply, installation, testing and commissioning of an underground…
Shares of Hindustan Zinc Ltd. declined 5% on Tuesday, June 23, as silver prices traded lower in the global spot markets. From their peak, Spot Silver prices have corrected nearly 50%. Hindustan Zinc is the only pure listed silver play in India. The metal accounts for around 50% to 45% of the firm’s EBIT, which…
