Infosys share price: Infosys has announced a significant Rs 18,000 crore share buyback at Rs 1,800 per share, a 19% premium, aiming to benefit its shareholders amidst market volatility. Analysts view this move as a strategic vote of confidence, with potential EPS growth and attractive dividend yields, despite modest revenue growth expectations and concerns about...Read More
Jefferies is optimistic about 25 companies across 11 sectors. The brokerage firm highlights potential growth in financials, automobiles, and metals. Infrastructure, energy, and real estate sectors also show promise. Pharma, FMCG, telecom, and aviation are among the favored sectors. Reliance Industries, HDFC Bank, and UltraTech Cement are key picks. The report suggests strong earnings growth...Read More
Gold futures edged higher and silver hit a record Rs 1,28,294/kg on Fed rate cut hopes. Traders eye U.S. inflation, job data, dollar index, and support-resistance levels for direction.Read More
Amidst inflationary pressures and fluctuating G-Sec yields, bond investors should exercise caution. Sandip Raichura suggests a barbell approach, advising a mix of short-term, gilt, and corporate bond funds to navigate evolving interest rate dynamics. He also highlights the potential of fixed income as a hedge during volatile market phases.Read More
V. Srivatsa of UTI AMC is strategically reducing exposure to financial services within the UTI Large & Mid Cap Fund due to rising valuations. While maintaining a focus on stability and growth, the fund is selectively diversifying into other sectors.Read More
Urban Company’s Rs 1,900 crore IPO, priced at Rs 98–103 per share, closes on September 12 with listing slated for September 17. The firm reported FY25 revenue of Rs 1,144.5 crore, up 38% YoY, and net profit of Rs 240 crore aided by a tax credit. Brokerages recommend subscribing with a long-term view despite rich...Read More
Shares of Lodha Developers will be in focus on September 12 after the Maharashtra government signed an MoU with the company to set up a Rs 30,000 crore Green Integrated Data Centre Park in Palava. Planned in the Mumbai Metropolitan Region, the park will have a 2 GW capacity and host both global and domestic...Read More
NLC India’s shares rose following the announcement of a collaboration with Khanij Bidesh India (KABIL). The partnership aims to identify, acquire, and develop strategic mineral assets globally, securing essential resources for India’s high-tech and clean energy sectors. This move aligns with the government’s initiative to enhance mineral security through overseas ventures.Read More
JBM Auto shares: JBM Ecolife Mobility secured a $100 million IFC investment to deploy 1,455 electric buses in Maharashtra, Assam, and Gujarat, aiming to cut 1.6 billion kg of CO₂, reduce diesel use by 600 million litres, create 5,500 jobs, and serve over one billion passengers.Read More
RailTel received two major project orders worth ₹103.46 crore from Nashik Smart City and Panvel Municipal Corporation for smart city and connectivity infrastructure projects aligned with its core services.Read More
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