Life Insurance Corporation of India (LIC), the country’s largest insurer and the biggest institutional investor in the stock market, is set to see its stake in National Stock Exchange (NSE) emerge as its fifth-largest investment in a listed company, according to data analysed by Moneycontrol.As of…
UTI Asset Management Company has acquired Rs 425 crore worth shares in Multi Commodity Exchange of India via open market transactions on June 29.MCX India shares may have reacted to the transaction, rising nearly 3 percent to Rs 2,914.5 amid big volumes on the National Stock Exchange, especially af…
IIFL Asset Management has acquired nearly 2 percent equity stake in Indo Tech Transformers, the power and distribution transformers maker, from promoter via block deals on June 29.Perhaps, the stock may have reacted to the transaction, freezing at 5 percent upper circuit at Rs 3,081.9, the highest…
Wall Street bankers are on a high after record-setting offerings from SpaceX and Google parent Alphabet Inc., lifting expectations for deal activity in the rest of 2026.US IPOs and share sales totaled a record $251 billion through June 26 this year, excluding blank-check companies and other investm…
MSTC shares rose more than 6 percent on Monday after the Delhi government approved the Delhi EV Policy 2026, which offers scrappage incentives along with purchase subsidies to encourage the adoption of electric vehicles.The company is involved in handling scraps, old plant & machinery, surplus stor…
Jefferies has initiated coverage on Radico Khaitan and Allied Blenders and Distillers with a 'Buy' rating, while assigning a 'Hold' rating to United Spirits, saying the Indian alcoholic beverages sector is supported by a rising population of legal alcohol consumers, improving affordability and prem…
Indian benchmark indices snapped their two-day gaining streak on June 29, with the Nifty ending near the day's low as broad-based selling pressure across sectors and the broader market weighed on sentiment.After trading in a narrow range during the first half of the session, profit booking intensif…
Dear Reader,The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of.Gold and silver are ending the June q…
Shares of Bajaj Auto were trading at Rs 9,639, down 2.07%, in afternoon trade on Monday after the company issued the letter of offer for its Rs 5,632.8 crore share buyback.The company has fixed July 1 as the opening date for the buyback, with the tender offer set to close on July 7. Under the offer…
Shares of Oberoi Realty were trading at Rs 1,774, up 1.42%, in afternoon trade on Monday after the company announced the launch of its ultra-luxury residential project, Three Sixty North, in Gurugram.In an exchange filing, the company said the project is spread across 14.8 acres on Golf Course Exte…
Shares of Hindustan Aeronautics Ltd (HAL) were trading at Rs 4,318, down 1.16%, in afternoon trade on Monday after the defence PSU announced a final dividend for FY26.In an exchange filing, the company said its board has recommended a final dividend of Rs 10 per equity share for the financial year…
Shares of Hexaware Technologies Ltd rose nearly 7 percent on June 29, emerging as the top gainer on the BSE Midcap index even as the broader market traded lower. The stock climbed as much as 6.7 percent to Rs 528 in early afternoon trade, taking its market capitalisation to about Rs 32,200 crore. H…
Apollo Micro Systems shares climbed more than 6 percent on Monday after reports said its key client, Bharat Electronics Ltd (BEL), is likely to receive a Rs 30,000 crore order for the Quick Reaction Surface-to-Air Missile (QRSAM) programme.The stock rose 6.17 percent to Rs 408.10 per share on the N…
Shares of Nibe Ltd fell nearly 3% in morning trade on Monday after the defence and aerospace manufacturer announced the resignation of its Chief Executive Officer and Key Managerial Personnel, Prakash Hari Khose.The stock was trading at Rs 1,610, down 2.79%.In an exchange filing, the company said K…
Motilal Oswal's research report on AstralAstral’s (ASTRA) Board has approved the business restructuring plan to consolidate its Plumbing and Chemical businesses into separate entities. It will take 9-12 months to complete the demerger process. The large capex cycle is behind, and ASTRA aims to grow…
Dr Reddy's Laboratories shares extended their gaining streak to the sixth consecutive session on Monday, emerging among the top performers on the Nifty50 index.The stock gained after the US drug regulator completed an inspection at the company's biologics facility in Bachupally, Hyderabad, and issu…
Motilal Oswal's research report on Persistent SystemsPersistent Systems announced two strategic developments: (1) the acquisition of Nagarro for an enterprise value of €1.27b, and (2) a new USD650m+ services contract over 6.5 years with an existing US-based technology customer. Nagarro adds ~USD1.1…
Motilal Oswal's research report on Tata CapitalTata Capital (TCL) is among India’s leading diversified NBFCs, with an AUM of INR2.77t as of Mar’26. The company has delivered a robust ~29% AUM CAGR (excluding Motor Finance) over FY23-26, reflecting the strength of its franchise, diversified business…
Shares of Blue Cloud Softech Solutions Ltd fell nearly 8% in early trade on Monday after the company announced that it has been empanelled by Bharat Sanchar Nigam Ltd (BSNL) as a Captive Non-Public Network (CNPN) Provider under Category III.The stock was trading at Rs 19.42, down 7.66%.In an exchan…
Several stocks are likely to remain in focus on June 29 amid key corporate developments, including regulatory updates, acquisitions, merger proposals, project wins and real estate expansion.Dr Reddy's Laboratories shares gained 4 percent after the US Food and Drug Administration (US FDA) completed…