Mphasis block deal confirmed: Blackstone to pare 9.5% stake at ₹2,570 floor price
Blackstone will sell up to 9.5% stake in Mphasis through a ₹4,626 crore block deal, priced at ₹2,570 per share. A 180-day lock-in applies to the remaining stake.
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SEBI to decline Jane Street data request in court, sources say
India’s markets regulator will tell a court this week that it sees no reason to release additional data and documents to Jane Street, two sources with direct knowledge of the matter said, after the US firm appealed a securities trading…
JM Financial says Indian market consolidating, FY27 earnings could bring foreign investors back
Chirag Negandhi, MD, JM Financial Services & JM Financial and Ankur Jhaveri, MD & CEO-Institutional Equities, JM Institutional Securities said the Nifty has been moving in a tight range since September 2024, similar to past periods that later saw strong…
Emkay says silver’s correction is temporary, maintains long-term bullish view
Emkay highlights that Silver Exchange Traded Funds (ETFs) and Silver Fund of Funds (FoFs) have continued to outperform physical silver over the past three years.
CLSA sees H2 cement demand rising 6-8%; pricing may surprise in CY26
While cement demand showed early improvement in the September quarter, Indrajit Agarwal, Senior Research Analyst at CLSA remains cautious on steel because of high Chinese exports and possible pressure if safeguard duties are not extended. In consumer durables, he expects…
Power Grid to raise up to ₹3,800 crore via bond issue
Shares of Power Grid were trading 0.9% higher at a price of ₹273.70 on Monday. The stock has gained 11% in value in the year so far.
‘Reduce’ for 59% downside: Nuvama says ‘too much optimism’ priced in to this mining stock
Adjusted for a one-time gain, GMDC would have reported a net loss in the September quarter. Its revenue also declined by 11% during the quarter compared to last year, while its EBITDA halved. EBITDA margin narrowed to 13.2% from 24%…
Gold may consolidate near-term but head to new peaks next year, says UBS
UBS expects gold to consolidate in the near term with a $4,200 target for 2025 and $4,500 for 2026, while an upside toward $5,000 is possible if supportive macro catalysts strengthen.
Citi sticks to December rate-cut call, says India’s valuations still rich
Citi has shifted India to market weight due to full valuations despite strong earnings. Investors are rotating toward “AI at a better price,” mainly in China and other global markets, not India, said Drew Pettit, Dir-US Equity Strategy, Citi, ETF…
Gautam Shah sees Nifty at 26,700 this year, bets big on PSU banks and metals
Gautam Shah of Goldilocks Global Research says the Bank Nifty’s breakout above 58,500 is a major positive and expects the index to head towards 60,000 soon and 67,000 in the medium term.