The Trump administration on Saturday allowed a sanctions waiver to lapse that had previously allowed countries, including India, to buy Russian seaborne oil after a month-long extension aimed at easing oil supply shortages and high prices due to Iran’s closure of the Strait of Hormuz. US Treasury Secretary Scott Bessent had previously said he would…
US President Donald Trump’s most recent financial disclosure has revealed that he or his investment advisers made over 3,700 trades in the first quarter, involving significant businesses that deal with his government and totalling tens of millions of dollars. According to a Bloomberg report, the transactions, which are detailed in over 100 pages of paperwork…
Shares of Adani Enterprises Ltd. gained nearly nearly 7% to hit a fresh 52-week high on Thursday, May 14, after they witnessed a large trade during early trade. As many as 58.92 lakh shares of Adani Enterprises Ltd. worth ₹1,435 crore changed hands at ₹2,435.6 per share in the block deal window. The official buyers…
Shares of MTAR Technologies Ltd. climbed as much as 9% on Thursday, May 14, after the company announced a large order win and sharply upgraded its growth guidance for FY27. The stock has rallied 200% so far this year. MTAR Technologies said it has secured orders worth $238.76 million, or nearly ₹2,279 crore, from an…
Shares of Alembic Pharmaceuticals Ltd. gained nearly 3% on Thursday, May 14, after the company received a tentative approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Darolutamide Tablets, 300 mg. In an exchange filing, the company said the approved ANDA is therapeutically equivalent to Bayer HealthCare…
Dipan Mehta, Director at Elixir Equities, believes sharp corrections in quality growth stocks can create buying opportunities, even after disappointing earnings. He remains positive on Kaynes Technology India despite weak quarterly numbers, citing a strong order book and semiconductor plans. He also likes Bharti Airtel and remains optimistic about AI-focused firms like Fractal Analytics and…
The government on Thursday, May 14, through a notification, has amended the export policy for sugar from “restricted” to “prohibited” with immediate effect. As a result, sugar companies, Balrampur Chini, Dhampur Sugar, Dwarikesh Sugar are trading with losses between 3% to 4%. The export ban applies to all varieties of sugar, from raw, white and…
Shares of Interarch Building Solutions Ltd. reported their biggest single-day decline ever on Thursday, May 14, as they plunged nearly 17%. The stock is also the worst performer on the BSE Smallcap Index. For the fourth quarter, Interarch’s profit after tax declined by 5.2% to ₹36.6 crore from ₹38.6 crore last year. Meanwhile, its revenues…
Arvind Sanger, Managing Partner at Geosphere Capital Management, says markets are misreading the Trump-Xi Jinping summit in Beijing, warning that the Iran war and rising oil prices pose a more immediate threat to global equities than investors appear to be pricing in — including to the widely-held artificial intelligence (AI) trade. “The hope that the…
V Srivatsa, Executive VP-Equity at UTI AMC, remains positive on large private banks despite near-term pressure on NIMs, citing attractive valuations and stable credit costs. He also sees value emerging in IT stocks, where growth remains at 3-5% despite AI concerns, with companies trading at 5-6% free cash flow yields. Srivatsa prefers AMCs over exchanges…
