Nilesh Shah of Envision Capital remains optimistic about mid and small-cap stocks. Economic growth and rising per capita income will drive their expansion. He emphasizes stock picking and the diverse universe of listed companies. Recent IPOs offer opportunities in digitalization. Corrections can provide entry points for investors. The mid and small-cap space is becoming more diverse and enriching.
Titan shares in focus after $283 million acquisition of GCC-based Damas Jewellery
Titan Holdings is set to acquire a 67% stake in Damas LLC for AED 1,038 million ($283 million), gaining a strategic presence across all six GCC countries—UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. The remaining 33% held by Mannai may be acquired post-December 31, 2029, under mutually agreed terms.
IHCL guidance has been around 35% and we will achieve that for the year despite big disruptions: Puneet Chhatwal
IHCL’s MD & CEO, Puneet Chhatwal, emphasizes the Taj brand’s strength, driving significant RevPAR premiums. Despite operational challenges, strategic asset management and renovations fuel growth. The company anticipates robust new business expansion with high margins, projecting substantial hotel openings and maintaining a focus on both domestic and international markets for continued double-digit revenue growth.
Reliance Industries shares in focus after Q1 profit beats estimates. Should you buy, sell or hold?
RIL share price: Reliance Industries reported a 78% YoY jump in Q1 profit to Rs 26,994 crore, beating estimates. Gains were boosted by a one-time Rs 8,924 crore from the Asian Paints stake sale. Analysts remain largely bullish, citing strong performance in Jio and optimism around New Energy.
Breakout Stocks: How to trade Nuvoco Vistas, AnandRathi Wealth and JK Cement that hit fresh 52-week high?
Sectorally, buying was seen in metals while selling was seen in consumer durable, power, telecom, banks and capital goods.
India Cements Q1 results: Co slips to Rs 131 crore loss, revenue flat YoY
India Cements’ Q1 performance saw a 14% sequential drop in revenue and higher exceptional charges due to planned asset sales. While costs eased and realisations improved, the company reported impairments totalling over Rs 120 crore linked to divestments in Indian and overseas subsidiaries.
Union Bank of India Q1 Results: PAT rises 12% to Rs 4,116 crore
Union Bank of India reported a 12% increase in net profit, reaching Rs 4,116 crore in the first quarter of this fiscal year, driven by improved interest earned and asset quality. Gross NPAs decreased to 3.52%, and net NPAs fell to 0.62%, boosting the bank’s financial health. The bank’s total business expanded by 5% to Rs 22,14,422 crore.
Central Bank of India Q1 Results: Net profit surges 33% to Rs 1,169 crore
Central Bank of India announced a significant 33 percent rise in net profit, reaching Rs 1,169 crore for the first quarter. This growth is attributed to improved core income and reduced bad debts. The bank’s total income increased to Rs 10,374 crore. Asset quality improved, with gross NPAs declining to 3.13 percent.
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IndusInd Bank to consider raising funds via long-term bonds
IndusInd Bank is set to discuss raising funds through long-term bonds at its upcoming board meeting on July 23. This consideration follows a $230 million loss due to past misaccounting, which led to the resignations of its CEO and deputy in April. The bank is also evaluating potential capital increases via depository receipts and qualified institutional placements.