Stephen Dover cautioned investors about over-concentration in Mag-7 stocks, noting overseas markets have also performed well. He explained the current multi-asset rally is driven by central bank asset inflation, benefiting asset owners.Read More
Motilal Oswal Financial Services has identified high-conviction stock picks with return potential up to 28% post Q2 earnings. The brokerage firm recommends stocks across various sectors including solar, telecom, banking, autos, aviation, and ports, citing strong fundamentals and growth prospects.Read More
Fujiyama Power IPO: BSE data shows the Fujiyama Power IPO was subscribed 40% by the end of Day 2, reflecting a cautious investor response with much of the bidding yet to come.Read More
Nomura Holdings has launched an internal probe into its India fixed-income business to examine whether profits in its rates division were overstated in recent years, according to people familiar with the matter. The compliance-led investigation focuses on how traders valued transactions in Strips—bonds created by separating principal and interest payments from Indian sovereign securities. Senior officials have been asked to review past valuations.Read More
Honasa Consumer, parent of Mamaearth, shows a 47% rally from its lows, driven by a strong Q2 performance and distribution revamp. Analysts are upgrading ratings, with JM Financial and ICICI Securities seeing a positive outlook and potential for further gains, targeting Rs 330 and Rs 400, respectively.Read More
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