Given its sheer size, RIL has remained the top wealth creator on an absolute basis during 11 out of the last 17 five-year study periods
Chief Investment Officer Niket Shah said he's adding shares of companies that offer lower priced non-essential goods, such as jewelry and apparel, on expectations of increased spending
The price has breached out of a consolidation zone and has given its highest daily close ever.
Funding was led by Motilal Oswal and ICICI Prudential
Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription. Quant Mutual Fund, Motilal Oswal Mutual Fund, LIC Mutual Fund, Abakkus Diversified Alpha Fund-2, Singularity Equity Fund I and Meru Investment Fund PCC Cell 1 are among the anchor investors, according to a circular uploaded on BSE's website. As per the circular, Enviro Infra Engineers has allotted over 1.31 crore equity shares to 22 funds at Rs 148 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 194.68 crore. The Rs 650-crore initial share sale will open for public subscription on November 22 and conclude on November 26. Shares will be available in the price range of Rs 140 to Rs 148 apiece. The city-based company's proposed IPO is a combination of a fresh issue of 3.87 cror
The recent correction in the equity market has brought largecap valuations close to their long-term averages, the report added. However, midcap and smallcap valuations remain relatively expensive
HealthKart also announced an employee ESOP buyback worth Rs 55 crore, the company's first liquidity event
Britannia reported its Q2FY25 results on Monday, after market hours. PAT declined by 9.6 per cent to Rs 531 crore
Investors already familiar with or interested in the themes of financial services, healthcare, IT, telecom, or consumption might find these NFOs particularly appealing.
- High-growth funds designed for investors with a very high-risk appetite
Profits remain flat; modest earnings growth is driven by BFSI cos, says Motilal report
Aditya Birla Sun Life (ABSL) Asset Management Company (AMC) on Monday reported a 36 per cent year-on-year (Y-o-Y) jump in the net pro - fit for the previous quarter (Q2) at Rs 240 crore
Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage
Situation to last for whole of FY25, with Q2 being the most challenging period, it says
Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.
MOPW reiterates their view to have a duration bias in the fixed income portfolio so as to capitalize on the likely softening of yields in the next 1-2 years
The Motilal Oswal Digital India Fund is an open-ended equity scheme targeting sectors such as technology, telecom, media, entertainment, and related industries
V2 Retail was locked in 5% upper circuit at Rs 1,284.85 on the NSE after Motilal Oswal MF bought a 2 per cent stake in the company via the open market on Monday.
Private equity firm Lighthouse Advisors on Monday divested a 2 per cent stake in value retail chain V2 Retail for Rs 85 crore via open market transaction, while Motilal Oswal Mutual Fund acquired shares of the company. The Mumbai-based Lighthouse Advisors through its affiliate India 2020 Fund II Ltd sold over 7.34 lakh shares, amounting to a 2.12 per cent stake in V2 Retail, as per the block deal data available on the NSE. The shares were offloaded at an average price of Rs 1,160 apiece, taking the transaction value to Rs 85.23 crore. After the stake sale, Lighthouse Advisors' holding in V2 Retail has come down to 4.24 per cent from 6.36 per cent. These shares were purchased by Motilal Oswal Mutual Fund at the same price, the data showed on the National Stock Exchange (NSE). Shares of V2 Retail jumped 5 per cent to end at Rs 1,223.70 apiece on the NSE. In a separate transaction on the BSE, SBI Mutual Fund purchased 3.72 lakh shares or 2.3 per cent stake in Alicon Castalloy for Rs
Amount to be used for upgrading academic facilities and research infrastructure