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MFs’ share in total institutional equity hits a record
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
Warren Buffett donates record $5.3 bln Berkshire shares
Warren Buffett is donating another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006.
RBL Bank to raise Rs 65 billion via institutional placement of shares, debt issue
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale.
Cement stocks rally up to 17% as UltraTech’s Rs 1,800-crore deal cheers investors
Shares of cement companies soared up to 17% on the BSE, driven by UltraTech Cement's acquisition of a non-controlling stake in India Cements via a block deal. India Cements surged 17% to Rs 299, crossing a $1 billion market capitalization for the first time. UltraTech Cement rose 6.5% to Rs 11,876.
Australian shares fall as inflation data triggers rate hike worries
Australian shares closed lower on Wednesday, dragged by declines in financial and mining stocks, as concerns about rate hikes heightened the risk of loan defaults and higher cost of capital.
Mazagon Dock shares rally over 6% after bagging Navratna status
Mazagon Dock Shipbuilders, now a Navratna company, is set for exponential growth with significant investment opportunities and strategic partnerships in the defense sector. The stock continues to outperform, reflecting strong investor confidence in its future.
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Olympus Capital Asia divests 9% stake in Aster DM Healthcare for Rs 1,530 crore
According to bulk deal data from BSE, Olympus Capital Asia Investments sold 4.50 crore shares, equivalent to a 9% stake in Aster DM Healthcare, in two tranches. The shares were sold within the price range of Rs 340 to Rs 340.13 each, totalling Rs 1,530.08 crore.
Federal Bank, Bharat Forge among 6 midcap stocks that hit new 52-week highs on Thursday
Indian headline equity indices were mostly muted on Thursday as investors booked profits after the benchmarks hit record highs this week, and as financial and pharmaceutical stocks dragged. Meanwhile, in today's trading session, six midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:
WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 crore
WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of shares in the same bank.
Axis Group ups stake in Max Life Insurance to 19.99%
Axis entities, including Axis Bank, Axis Capital, and Axis Securities, increase stake in Max Life Insurance to 19.99% from 19.02% with ₹336 crore acquisition, pending regulatory approval; Max Life's FY24 gross premium income stands at ₹29,529 crore.
Axis Bank hikes stake in Max Life for Rs 336 cr
Axis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - were allowed to collectively own about 20 per cent in Max Life Insurance by the Insurance Regulatory and Development Authority of India (IRDAI).
F&O stocks: IDFC First Bank, Aditya Birla Capital among 5 stocks with long buildup
Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.
Balancing Act: With greater capex comes lower dividend
The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios.
Capital goods stocks rally up to 18% last week. Check top 10 gainers
Last week witnessed a rally in capital goods stocks like Praj Industries, ABB India, Siemens among others with the stocks rising as high as 18%. While a total of 24 stocks showed gains, only 3 stocks ended the week in red. Here is a list of top 10 gainer capital goods stocks:
Adobe surges 16% as AI optimism fuels annual revenue forecast
The forecast reassured investors that Adobe, a key player in the market for photo and video editing tools, is unlikely to lose customers to AI startups like OpenAI, the creator of Dall-E, which enables users to generate images with simple text prompts.
Morgan Stanley buys 3.13 crore shares of L&T Finance for Rs 534 crore via block deal
Bain Capital sold 8.82 crore shares of the company through its affiliates BC Asia Investment VI and BC Asia Growth Investment. For sometime, it has been planning a complete exit from L&T Finance by selling its existing stake.
L&T Finance shares surge 5% after Bain Capital dilutes stake via block deal
L&T Finance shares surged 5% to an all-time high of Rs 179 as Bain Capital sold 8.82 crore shares in a block deal. The private equity giant, aiming for a complete exit, divested its 3.5% stake through affiliates BC Asia Investment VI and BC Asia Growth Investment.
Bain Capital and BNP Paribas to sell L&T Finance shares worth Rs 1,500 crore
The block deal is estimated at a discount of 1% to the current market price of the shares and BNP Paribas could be the broker to the deal. Two entities of Bain Capital — BC Asia Growth Investments and BC Investments VI — along with BNP Paribas Financial Markets will together sell a 3.54% stake on Thursday.
HCC shares jump 15% after Elara Capital initiates buy rating, sees 58% upside
Hindustan Construction Company (HCC) witnessed a significant surge of almost 15% to reach a peak of Rs 45.6 during Tuesday's trading session on the BSE. This increase came after brokerage firm Elara Capital initiated coverage on the stock with a 'Buy' rating and set a target price of Rs 63.
Motilal Oswal shares jump nearly 19% as shares trade ex-bonus
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
EIH Associated Hotels shares rally 17% ahead of bonus shares issue plan
EIH Associated Hotels surged 17% to Rs 845 on BSE as it plans to issue bonus shares. The company's strong performance is evident from Trendlyne data. It is part of The Oberoi Group, known for luxury hotels and various services.
FIIs bought stocks from these 4 sectors ahead of election results
In May, FIIs were net sellers, yet invested over Rs 11,000 crore in 4 sectors: capital goods, consumer services, realty, and telecom, ahead of Lok Sabha election results. NSDL data reveals top buys in capital goods at Rs 6,024 crore, followed by consumer services, realty, and telecom. Financial services and IT bore the brunt of FII outflows.
FPIs stay bullish on growth stocks, cut defensive bets a bit
Foreign portfolio investors have been selling Indian shares ahead of the elections, focusing on growth stocks over defensive ones. Data from NSDL shows a decline in FMCG and IT sector weightage in FPIs' equity folio.
Int’l investors grabbed bulk of share offering: Saudi Aramco
Saudi Aramco's latest offering raised $11.2 billion with international investors acquiring the majority of shares. The Gulf kingdom aims to boost finances for large-scale projects in preparation for a post-oil future.
ZEE board approves raising upto Rs 2,000 crore through equity or other modes
ZEE's board approved raising up to Rs 2,000 crore via equity shares or eligible securities in one or more tranches. This move follows the collapse of the $10 billion Sony merger in January. The company aims to bolster finances after announcing cost-cutting measures, including workforce reduction.
Riot Platforms shares drop 9% after Kerrisdale Capital shorts bitcoin miner
Kerrisdale believes the introduction of low-fee bitcoin ETFs is more beneficial to investors over owning shares of a company such as Riot, which has seen a steady decline in bitcoin holding and production per share.
Railway stocks tank 20% as election trends diverge from exit polls
Railway firm stocks plummeted up to 13%, as election trends diverged from exit polls. Rail Vikas Nigam dropped nearly 13%, with Ircon International down by 12%. Other firms like RailTel, IRFC, Texmaco, and IRCTC fell 6-10%. Titagarh Rail Systems and Jupiter Wagons also saw declines. Early data showed the BJP-led NDA leading in 289 seats, contrary to exit polls projecting over 370 seats.
Saudi Arabia may announce landmark Aramco share sale today: Report
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter said.
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