Brokerage firm Citi has cut its Nifty 50 target in its latest note on Thursday, June 11 to 26,000 from 27,000 earlier. The revised target implies an upside potential of 12% from current levels. Citi in its note wrote that the combined impact of geopolitics, AI & El-Nino risk has resulted in a subdued sentiment,…
RBL Bank is likely to appoint HDFC Bank executive Bhavin Lakhpatwala as its Chief Financial Officer, according to two people familiar with the development. The appointment would end a more than five-month search for a permanent finance chief at the private sector lender, and comes at a pivotal moment for the bank, with the Emirates…
Shares of state-run upstream oil explorers Oil & Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd. (OIL) have been under pressure over the last few trading sessions. As of closing on Wednesday, ONGC was down for the fifth straight session, while Oil India is down in five out of the last six trading sessions….
Shares of PPAP Automotive Ltd surged nearly 14% on Thursday morning, June 11, after the company announced a technology partnership with France-based Hutchinson to manufacture advanced body sealing systems for passenger vehicles in India. This is the biggest single-day gain for the stock since November 2024. Under the agreement, PPAP will gain access to Hutchinson’s…
Ankur Rudra, Head of APAC Telecoms and India TMT Research at JPMorgan, expects revenue growth for the IT services sector to slow in FY27 compared with FY26. While a few companies coming off a weak base could see some acceleration in growth, he believes most firms, including those that provide annual guidance, are likely to…
AstraZeneca Pharma India Ltd. shares gained on Thursday, June 11, after the company received approval from India’s drug regulator for an additional indication of its cancer therapy Enhertu (trastuzumab deruxtecan), expanding its use in patients with advanced HER2-positive breast cancer. The company said it received permission from the Central Drugs Standard Control Organisation (CDSCO) on…
India’s power grid has rapidly emerged as the favored infrastructure trade among investors, a trend underscored by three major brokerages initiating coverage on the sector within the last two months alone. The conviction driving this sentiment is rooted in a massive, structural necessity: India is tasked with integrating 900 GW of renewable energy by FY36….
Shares of Honasa Consumer Ltd., the parent company of Mamaearth, rose as much as 6% on Thursday, June 11, after brokerages turned constructive on the company’s long-term growth strategy following its analyst day. The stock has since given up on all of those gains. Also read: Macquarie bets on $85 billion grid capex opportunity; Check…
Deep-tech manufacturing startup Ethereal Machines has raised $28.5 million in a Series B funding round led by Avataar Ventures, with participation from existing investor Peak XV Partners and others, as the company looks to deepen India’s capabilities in advanced precision manufacturing. The Bengaluru-based company said it will use the fresh capital to expand manufacturing capacity,…
Sanjay Parekh, Founder & CIO of Sohum Asset Managers, which manages assets worth ₹160.91 crore as of May 31, 2026, remains positive on Reliance Industries and Bharti Airtel, as investments in data centers, telecom and renewable energy could drive long-term value creation. Parekh said the Syrma SGS opportunity remains significant and recent partnerships in the…
