Broader market winners! How investors found 15 multibaggers in a muted Nifty year?

Despite a subdued Nifty, several Indian stocks have surged, becoming multibaggers for investors. This outperformance is attributed to resilient corporate earnings, particularly in small and mid-cap segments, and company-specific growth drivers. While near-term challenges like rising costs and potential earnings downgrades exist, the overall FY27 outlook remains manageable, with easing geopolitical tensions expected to aid…

Sterlite Technologies surges 5% on QIP launch, sets Rs 613.69 floor price

Sterlite Technologies’ stock climbed nearly 5% to Rs 613.35 as it officially launched its Qualified Institutions Placement (QIP) to bolster its capital. The company’s board and shareholders approved the fundraising, with the Authorization and Allotment Committee setting a floor price of Rs 613.69 per share. This move, coupled with positive technical indicators, has boosted investor…

Tata Chemicals shares rise 4% on hopes of Tata Sons listing after RBI’s new norms

Tata Sons faces renewed scrutiny after RBI tightened rules for upper-layer NBFCs, reinforcing pressure for mandatory listings above Rs 1 lakh crore in assets. While the conglomerate exceeds the threshold, its de-registration request remains pending. The listing debate has also exposed divisions within Tata Trusts, with leadership opposing a listing while some trustees publicly support…

Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore

Ace investor Madhusudan Kela’s funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment positions these entities to hold nearly 3% of the company’s pre-IPO equity. Steamhouse India, a Surat-based firm, operates a unique centralized steam supply model for industries and is preparing for…