Shares of Prestige Estates rallied as much as 2.3% to their day’s high of Rs 1,663 per share on the NSE after Nomura initiated coverage on the counter with a Buy rating and a target price of Rs 1,900, implying a nearly 17% upside from the last closing price of Rs 1,625. With today’s gain,...Read More

City-based FMCG firm Ganesh Consumer Products Ltd has fixed a price band of Rs 306-322 per share for its initial public offering (IPO) that aims to raise Rs 408 crore in combination of fresh issue and offer for sale from promoters.Read More

Sanjay Bakshi, also known as Fundoo Professor, has criticized India’s sovereign gold bond (SGB) scheme, deeming it a flawed government borrowing program. He points to the high effective borrowing cost, exceeding 19% annually, and the lack of risk management. The scheme, designed to curb gold imports, has turned into a costly liability for taxpayers.Read More

Sixteen stocks in the index delivered double-digit returns, with 12 rising 20–80%, highlighting strong investor appetite for high-growth, tech-driven companies.Read More

Both stocks and gold are rallying ahead of the Fed’s rate decision, signalling cautious optimism. Investors are hedging with gold despite record-high equities, reflecting concerns over global debt, currency volatility, and potential market turbulence in the coming months.Read More

Global markets await the Fed’s interest rate decision, with expectations of a cut influencing market sentiment. Despite recent gains mirroring U.S. equities, Indian markets may experience a period of consolidation due to slow GDP growth. Experts advise a balanced portfolio with a significant allocation to financials, while acknowledging the cyclical nature of global markets.Read More

Vietnam’s State Treasury successfully raised 7.23 trillion dong in a government bond auction, marking the highest amount since July. The auction saw a higher uptake rate of 53.5% compared to the previous week’s 28.7%.Read More

HDFC Bank continues to be the top pick for global brokerage Jefferies, which has retained its BUY call with a target price of Rs 1,200. The bank’s improving loan growth, stable asset quality, and operational efficiencies are seen as key drivers for earnings and valuation. The ADR target price is set at $92.Read More

Groww’s IPO filing reveals significant payouts to its four co-founders. These incentives, totaling over Rs 614 crore, were performance-linked rewards accrued in FY24 and paid in FY25. Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh received substantial bonuses. The company is preparing to go public. Groww is a major player in India’s retail investment...Read More

Indian defence stocks are on a roll, fueled by a potential Rs 2 lakh crore Rafale fighter jet deal and long-term growth optimism. Cochin Shipyard and GRSE surged, while HAL and Mazagon Dock also saw gains. Analysts are bullish on the sector’s future, driven by government initiatives, but caution against stretched valuations and execution challenges.Read More