CLSA described Lenskart as a leading eyewear brand in India that is well-positioned to cater to the country’s affluent urban consumers as well as emerging middle-income cohorts, while continuing to offer affordable products for the mass market.
Nomura said the competitive landscape in India is consolidated and pricing is disciplined. It said players such as ABB India, Siemens, Hitachi Energy, GE Vernova, CG Power, Cummins, among others, act as oligopolistic suppliers across multiple sub-categories.
Pankaj Murarka, CEO & CIO of Renaissance Investment Managers, says the global AI investment boom could benefit Indian IT services as enterprise adoption rises. He believes fear-driven selling in IT stocks is fading and sees value emerging in the sector.…
The term sheet also specifies a 90-day lock-up period on any further sale of shares by the sellers.
At the end of the March quarter, promoter entities held 34.59% stake in Ola Electric Mobility. Of this, promoter Bhavish Aggarwal held 27.83% stake, as per data available on the exchanges.
Tega Industries, in partnership with funds managed by affiliates of Apollo Global Management, has acquired Molycop from an affiliate of American Industrial Partners in a transaction valued at approximately $1.5 billion.
Gold and silver prices slip as investors track West Asia tensions, US data, and Federal Reserve signals on interest rates, with SPDR Gold Trust holdings easing.
Floor price for the Offer for Sale has been fixed at ₹71 per share, which is a discount of 8% from the stock’s previous closing price.
Alphabet is also taking advantage of the stock rally seen over the last 12 months, during which the stock has more than doubled in value, making it the second-most valuable company in the world behind Nvidia.
In the options notional turnover, NSE had a 52.6% market share in May, higher than 44.5% in April, while BSE’s share declined to 47.4% from 55.5%