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Shares of both Indraprastha Gas and Mahanagar Gas are down 30% each from their respective peaks owing to multiple headwinds that have plagued the sector recently.

Of the encumbered shares, 80,000 (0.01% of total share capital) are in favour of Julius Baer Capital (India) Pvt Ltd, while 14,87,800 (0.16%) are in favour of Nehal Abhay Vakil.

Prudential Group Holdings Limited, a UK subsidiary of Prudential plc, will hold a 70% stake, while Vama will own the remaining 30%.

Brokerage firm Jefferies said the government’s incentive of ₹1,500 crore for low-value UPI P2M transactions are half of last year’s and are, thus, negative for Paytm.

Forex traders noted that strong foreign inflows into debt markets have supported the rupee, allowing it to resist external pressures.

Despite near-term weakness, BNP Paribas expects the IT sector to return to high single-digit to near double-digit growth by 2026-27 (FY27).

Thakkar also said that there could be a strange situation where some stocks appear attractive but some pockets, which remain on the expensive side, will continue to underperform.

Hero MotoCorp, in an statement to the stock exchanges, refutes media reports of a joint venture with SchmiedeTechnik for forged powertrain parts. The company clarifies that the news pertains to Hero Motors Limited, a separate entity unrelated to Hero MotoCorp.

Despite cautious management commentary, Vineet Sambre, Head of Equities at DSP Mutual Fund anticipates macro improvement, fueled by monetary and fiscal easing, leading to the expected consumption revival.

Advertising-led growth will lead to Zee Entertainment’s re-rating going forward, according to CLSA, who also said that India’s No. 2 TV network is also ramping up its presence in the OTT space via ZEE5.