SUNAINA

Azim Premji’s investment arm, Premji Invest, acquired shares worth ₹446 crore in nine companies, including Bharti Airtel, Reliance Industries, Jindal Steel & Power, Adani Ports, Ambuja Cements, Hindalco, ICICI Bank, Infosys, and SBI Life. This strategic investment signals confidence in these stocks amid market fluctuations.

SBI Mutual Fund acquired a 0.54% stake (6.41 lakh shares) in Alkem Laboratories for ₹300 crore at ₹4,680 per share, increasing its holding to 2.7% from 2.16%. The transaction, executed via an open market deal, saw shares offloaded by the Samprada & Nanhamati Singh Family Trust. This move signals strong institutional interest in the pharma … Read more

Auto stocks tumbled on Friday, with Mahindra & Mahindra falling 6% and TVS Motor dropping 3.8% amid reports of the government considering reducing import duties on electric vehicles from 110% to 15%. The move, aimed at facilitating Tesla’s entry, raised concerns over intensified competition. The Nifty Auto Index declined 2.58%, dragging stocks like Tata Motors, … Read more

Adani Energy Solutions received a ‘Buy’ rating from Elara Securities with a target price of ₹930, implying a 37% upside. The brokerage expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow 26% annually and earnings per share (EPS) to rise 29% by FY27. Key growth drivers include India’s renewable energy expansion, rising transmission … Read more

Goldman Sachs warned that US President Donald Trump’s plan to impose reciprocal tariffs on trade partners, including India, could reduce India’s GDP by 0.1-0.6%. The US might impose tariffs based on country-wise or product-wise reciprocity. Another possible approach could involve non-tariff barriers like administrative rules.

The rupee appreciated 19 paise to 86.79 against the US dollar in early trade on Thursday, supported by a decline in crude oil prices and a weaker dollar index—however, foreign fund outflows and a weak domestic equity market limited gains. The rupee faces resistance at 87.20, with support at 86.50. Investors remain cautious amid global … Read more

The Indian stock market witnessed a volatile session on Wednesday, with benchmark indices ending nearly unchanged. The Sensex closed at 75,939.18, slipping 28 points or -0.04%. During the day, it touched a high of 76,338.58 and a low of 75,581 before settling flat.

Foreign institutional investors (FIIs) bought ₹4,786 crore worth of shares on February 18, reversing their selling trend, while domestic institutional investors (DIIs) net purchased ₹3,072 crore. The shift was partly driven by an ₹8,475 crore Bharti Airtel block deal. Market sentiment improved as FIIs showed renewed interest, but they remain net sellers of ₹1.15 lakh … Read more

Investment Information and Credit Rating Agency (ICRA) expects India’s GDP to grow 6.4% in Q3 FY25, up from 5.4% in Q2, supported by strong government capital expenditure and export recovery. Sectors like mining and electricity improved, while festive demand helped some consumer-focused industries. However, uneven consumption remains a concern. The National Statistical Office will release … Read more

Bajaj Consumer Care will acquire Vishal Personal Care, owner of Banjara’s, for ₹108.3 crore to strengthen its presence in South India. The deal, executed in two tranches, will expand BCCL’s distribution network and introduce Banjara’s products in Hindi-speaking markets. This acquisition aligns with BCCL’s growth strategy in the Ayurvedic and personal care segment, potentially boosting … Read more