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Sensex climbed 828 points and Nifty gained 244 points, extending their winning streak as TCS earnings, positive global cues and banking optimism lifted sentiment. The rally added nearly Rs 6 lakh crore to BSE market capitalisation, with IT, financials and metals leading gains.
Nykaa, Godrej Industries and four other BSE MidCap stocks hit fresh 52-week highs, rallying up to 30% over the past month amid strong market momentum.
SK Hynix begins US trading after a $26.5 billion ADR sale, expanding investor access to its AI memory chip business. The Nasdaq listing could narrow its valuation gap with Micron, while testing investor appetite for AI-linked semiconductor stocks.
Hetty Green’s century-old advice on wealth creation remains relevant today. Investors should buy undervalued assets and sell them at higher prices. Practicing financial prudence and managing expenses wisely builds lasting wealth. Persistence through market volatility is a key investment strategy. These disciplined principles form the foundation for sustainable wealth creation.
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Even as the Sensex stayed nearly flat with just a 0.14% gain over three months, 13 stocks with a market cap above Rs 5,000 crore bucked the trend, surging up to 225% and more than doubling investor wealth in the same period.
Milky Mist Dairy Food Ltd. is preparing for its large initial public offering. The company aims to launch the share sale as early as July or August. This offering is expected to be India’s largest dairy sector IPO. Proceeds will fund manufacturing expansion and debt repayment. The company has completed investor roadshows for the upcoming…
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering. The issue was subscribed 129 times, indicating strong market sentiment for the company. A grey market premium of Rs 158 suggests potential listing gains for investors. Kusumgar’s shares are scheduled…
Waterways Leisure Tourism approved a 1:10 stock split, subject to shareholder approval, days after its market debut. The move aims to improve stock liquidity, affordability and retail participation without altering market capitalisation or intrinsic value. Record date is pending.
Nuvama Institutional Equities and Motilal Oswal Financial Services have initiated coverage on Vedanta Aluminium with ‘Buy’ ratings and target prices of Rs 540, citing strong earnings growth, cost reduction initiatives, firm aluminium prices and robust cash flow generation as key drivers.