Following the transaction, its shareholding is expected to decline to around 9.8 per cent. Despite the sale, ADIA is likely to remain a significant shareholder in the company. Market participants noted that the deal was entirely secondary in nature, meaning Lenskart will not receive any proceeds from the transaction. The move is seen as a…
Shares of sugar companies like Balrampur Chini Ltd., Dhampur Sugar Ltd. and others gained up to 4%, while ethanol-focused firms such as Praj Industries opened higher but gave up gains on Thursday, June 11, after the Centre exempted higher ethanol-blended petrol variants from excise duties, a move aimed at accelerating ethanol adoption and boosting demand…
The Indian rupee opened 25 paise weaker on Thursday (June 11), tracking a sharp surge in crude oil prices after fresh escalation in the conflict between Iran and the United States heightened concerns over global energy supplies. The domestic currency opened at 95.52 against the US dollar, compared with Wednesday’s (June 10’s) close of 95.27,…
Prince Pipes Share Price: Global and domestic brokerage firms have given a bearish outlook for Prince Pipes and Fittings, citing muted industry volume growth and rising competitive intensity. Both firms have reiterated their ‘reduce’ rating while trimming target prices, even as the company guides for 12–15 per cent volume growth in FY27. Analysts flagged near-term…
In the previous trading session, Nestle India Ltd surged to a closing price of 1438.3, marking a 1.98% gain. Hindustan Unilever Ltd advanced 1.72% to close at 2169.5, while Axis Bank Ltd rose 1.71% to 1314.5. Kotak Mahindra Bank Ltd and ICICI Bank Ltd also saw gains, closing at 388.1 and 1293.3, respectively. Conversely, Hindalco…
Top Stocks to BUY, SELL or HOLD Today: Brokerage recommendations are set to drive stock-specific action in today’s (June 11) trading session, with analysts issuing a mix of buy, hold and neutral calls across chemicals, power, energy and consumer sectors. Stocks such as NTPC, JSW Energy, Adani Green Energy, Reliance Industries and Privi Speciality Chemicals…
Veteran short seller Jim Chanos has cast doubt on SpaceX’s nearly $2 trillion valuation ahead of its highly anticipated stock market debut, arguing that investor enthusiasm for Elon Musk and artificial intelligence is overshadowing the company’s financial fundamentals. Speaking at the iConnections Global Alts conference in New York, Chanos described the offering as a key…
Hero MotoCorp Dividend: Hero MotoCorp, an automobile stock, is expected to turn ex-date by the end of July, drawing attention with a substantial dividend payout of 3,750 per cent. This announcement places the stock firmly on investors’ watchlists. The payout also underscores the company’s continued track record of consistently rewarding shareholders through regular dividend distributions….
Consumer stocks in focus: Titan, Britannia, Marico, Radico lead as sector outlook stays positive says Motilal Oswal Source link
Oil surges toward $95 per barrel as West Asia tensions flare, Trump warns Iran of further strikes Source link
