Mukesh Ambani plans to take Reliance Retail public in 2027, a year after Reliance Jio’s anticipated IPO, with the retail arm potentially valued at nearly $200 billion. As part of preparations, Reliance has demerged its FMCG unit and is closing underperforming outlets to boost margins. The IPO will also provide exits for major investors, including GIC, ADIA, Qatar Investment Authority, KKR, TPG, and Silver Lake.Read More
Indian markets stayed resilient above 25,100, with technical indicators signaling potential breakout towards 25,500. Dharmesh Shah highlights strong breadth, advises buying dips, and favors capital goods sector with L&T and Bharat Electronics as top picks.Read More
Veteran investor Shankar Sharma warned that India’s rising reliance on stock market taxes to fund capital expenditure makes the economy vulnerable. He stressed weak growth, not taxes, is driving poor market sentiment, countering Ajay Bagga’s critique.Read More
Nomura identifies Mahindra & Mahindra, Hyundai Motor India, and TVS Motor among top picks poised to benefit from India’s GST rate cuts on automobiles. Automakers swiftly passed on the reductions, spurring consumer interest and bookings, with Maruti Suzuki reporting a significant surge. The brokerage anticipates volume growth during the festive season, particularly for commercial vehicles and sub-Rs 10 lakh SUVs.Read More
Mayuresh Joshi highlights four key opportunities for investors—auto sector recovery post-GST cuts, auto ancillaries like SJS and Uno Minda, structural growth in diagnostics with Krsnaa Diagnostics as a dark horse, and long-term potential in power financiers PFC and REC amid renewable energy capex.Read More
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