Shares of Devyani International Ltd. and Sapphire Foods India Ltd. are trading higher on Tuesday, June 16, after BSE issued its observation letter for the proposed merger between the two restaurant operators, allowing the companies to move ahead with the next stage of the transaction. In its communication, BSE said it has no adverse observations…
Mumbai-listed HCL Tech has invested Rs 1,427.25 crore for a 10.46 per cent stake in Axonwise Pvt Limited, the company that operates Sarvam AI. The investment was part of a Series B fundraise of around USD 300 million, which values the startup at nearly USD 1.5 billion. What are the recent performance trends for HCL…
Nestle Share Price in Focus: FMCG giant, Nestle India Ltd, reported a strong performance in Q4 FY26, with net profit rising to Rs 1,114 crore from Rs 885 crore in Q4 FY25. Revenue increased to Rs 6,748 crore compared to Rs 5,504 crore in the corresponding quarter last year. EBITDA stood at Rs 1,771.3 crore,…
In the previous trading session, Trent Ltd surged to a closing price of 2901.1, marking a robust gain of 5.29%. Shriram Finance Ltd advanced 4.79% to close at 1000.65, while HDFC Life Insurance Company Ltd increased by 4.65% to 581.2. Eicher Motors Ltd rose 4.27% to 7624.5, and Interglobe Aviation Ltd gained 3.62%, closing at…
Top stocks to BUY, SELL or HOLD Today, June 16: Several stocks are expected to remain in focus in today’s trading session after fresh brokerage recommendations and target price revisions. Analysts have reiterated buy, hold and sell ratings on companies spanning technology, consumer goods, automobiles, hospitality and renewable energy. Stocks such as Hyundai Motor India,…
Polycab India is likely to remain in focus after global brokerage Citi reiterated its “buy” rating on the stock, maintaining an unchanged target price of Rs 10,500, implying nearly 10 per cent upside from current levels. The brokerage’s optimism is driven by an improving domestic demand outlook, with management indicating a rebound in secondary sales…
The stock under discussion is Suzlon Energy, which has a market valuation of Rs 76,341.28 crore. Additionally, the stock is a component of the BSE 100 index. What recent order wins has Suzlon secured? What is Suzlon’s projected revenue growth rate? How has Suzlon’s stock performed over the past year? Created with AI. Errors are…
Retail investors emerged as major participants in the blockbuster IPO of SpaceX, with major brokerage platforms in the US ensuring that every eligible customer who applied for shares received at least a minimum allocation. The strong retail participation reflects the company’s efforts to broaden ownership beyond institutional investors. According to reports, roughly one-fifth of the…
Oil prices inched up in recent trading but remained anchored near the USD 80 per barrel level, as easing geopolitical tensions in West Asia capped gains even as broader financial markets signaled stronger risk appetite. Benchmark crude contracts showed modest upward movement. U.S. West Texas Intermediate (WTI) crude traded around USD 81.08 per barrel, up…
Nexus Venture Partners-backed insurtech startup Turtlemint has announced the price band for its Initial Public Offering (IPO), which will open for subscription on June 19. The company has fixed the price band at ₹144-₹152 per equity share. Investors can bid for a minimum of 98 shares and in multiples thereof. At the upper end of…
