Brokerage firm BofA Securities has a neutral rating on IOC and underperform rating on BPCL and HPCL, respectively. Citi maintained a sell rating on Piramal Enterprises and a buy rating on GAIL India. JM Financial has a buy rating on Go Fashion (India). We have collated a list of recommendations from top brokerage firms from … Read more
Piramal Enterprises will sell its entire stake of 20% in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for Rs 1,440 crore, with the transaction expected to be completed by the end of this financial year. “This transaction is aligned with our focus on monetizing non-core assets. The proceeds from the transaction will further … Read more
Sensex and Nifty soared to fresh closing record highs on Wednesday, with the 30-share benchmark index crossing the historic 72,000 mark. The Nifty climbed 213 to settle at a record high of 21,654. Stocks that were in focus included names like Vedanta, which fell 3.32%, Hindalco, which jumped 4.25%, and PEL, whose shares gained 1% … Read more
Mumbai: The Indian Venture and Alternate Capital Association, or IVCA, is reportedly in discussions with central government officials to help ease the wide-ranging curbs the banking regulator imposed earlier this week on Alternative Investment Funds (AIFs), potentially choking institutional fund flows to a high-risk and hitherto lightly regulated investment vehicle experts believe could be misused … Read more
Benchmark indices Sensex and Nifty recovered by more than half cent on Thursday following buying in index majors and positive trend in global markets. The 30-share BSE Sensex jumped 358 points to settle at 70,865 and the broader Nifty rallied 104 points to 21,255.05. Stocks that were in focus included names like Piramal Enterprises, which … Read more
