In an X handle, Kamath wrote, “Sure, things can be better, but it is crazy how transparent and safe the Indian markets are compared to the US, all thanks to SEBI and the exchanges. It is not just Fidelity; even other big brokers seem to have ‘flipping’ restrictions in place.” Fidelity’s strict anti-flipping rules for…
Brokerage firm Jefferies has made changes to its “top buy ideas” within its 251 stock coverage. In its latest note on Wednesday, June 10, Jefferies highlights 24 “buy” ideas and eight “underperform” ideas, compared to 23 “buy” and eight “underperform” recommendations in March. Axis Bank Ltd., Premier Energies Ltd., Adani Ports Ltd., Honasa Consumer Ltd….
Ashoka Buildon has announced that it has received a Letter of Acceptance from the Chhattisgarh state government for the development of gems & jewellery park in Raipur. Scope Of Project The Nashik-based company, in an exchange filing released today, said that this development will be carried out under the Public-Private Partnership (PPP) mode in the…
Hospital chain Krishna Institute of Medical Sciences Ltd (KIMS) on Saturday (June 13) approved a preferential issue of 77.02 lakh warrants to members of its promoter and promoter group, raising up to ₹600 crore. The board approved the issuance of warrants at ₹779 apiece, including a premium of ₹777 per warrant. Each warrant is convertible…
Shares of Max Financial Services Ltd. will be in focus on Wednesday, June 10, after HSBC initiated coverage on the stock with a “Buy” rating, naming its subsidiary one of India’s fastest-growing life insurers. The brokerage set a price target of ₹2,120, implying an upside potential of about 32% from Tuesday’s closing price of ₹1,600.5….
Dr Reddy’s Laboratories Ltd. has announced that it has launched Bosutinib Tablets, which are used in the treatment of Chronic Myeloid Leukaemia (CML). The Hyderabad-based pharma company announced in an exchange filing that its Bosutinib Tablets 400mg, a generic equivalent of Bosulif, are in the United States The company, which is also a Nifty 50…
Morgan Stanley has turned more constructive on India’s upstream energy sector, citing a $10 billion annual investment boost, recent natural gas discoveries, lower royalty burdens and supportive government policies on fuel pricing. The brokerage said policy measures to decontrol natural gas and crude oil prices, coupled with the absence of a windfall tax despite the…
The Indian rupee opened weaker on Wednesday (June 10), slipping 19 paise against the US dollar as persistent foreign fund outflows, importer demand for dollars, and a cautious global risk environment continued to weigh on the local currency. According to market data, the rupee opened at 95.54 per dollar compared with Tuesday’s (June 9’s) closing…
Asian equities advanced sharply on Friday, June 12, tracking a rally on Wall Street after US President Donald Trump said Washington was nearing an agreement with Iran, raising hopes of a diplomatic resolution to the conflict in West Asia. The broader MSCI Asia Pacific Index rose 2%, led by a 7% jump in South Korea’s…
SpaceX’s blockbuster stock market debut has sparked excitement across global financial markets, with billionaire banker Uday Kotak describing the company’s listing as a “true test for capitalism”. Reacting to SpaceX’s blockbuster market debut, Kotak said the company’s valuation defies conventional financial metrics and represents a massive bet on the future. https://x.com/udaykotak/status/2065623013681471615?s=46 The comments came after…
