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Shares of Billionbrains Garage Ventures, the parent company of digital investment platform Groww, have been volatile. Yet behind the short-term price swings, a bigger trend is emerging: institutional investors are showing increasing confidence in the company’s growth story. Foreign Institutional Investors (FIIs) and Mutual Funds both raised their holdings in Groww during the June 2026…
Shares of Punjab National Bank (PNB) jumped nearly 6% on Monday after the public lender reported a 214% YoY surge in Q1FY27 net profit to Rs 5,253 crore, prompting brokerages to raise their ratings and target prices. PNB shares surged to Rs 111.68 apiece, the highest level seen by the stock since early May this…
Shares of Kotak Mahindra Bank declined 3.5% to Rs 376 on the BSE on Monday after the lender reported a standalone net profit of Rs 4,123 crore in the first quarter of FY27, marking a 26% jump from the year-ago period. Net interest income increased 9% YoY to Rs 7,928 crore from Rs 7,259 crore,…
Shares of HDFC Bank fell more than 5% on Monday after the private lender’s Q1 earnings failed to impress investors, wiping out nearly Rs 70,000 crore in market value, even as brokerages remained bullish on the stock. HDFC Bank fell to an intraday low of Rs 774.55 apiece on the NSE, with its market capitalisation…
Shares of Bharat Heavy Electricals (BHEL) recently scaled a fresh 52-week high, but brokerages believe the rally may not be over yet after the Maharatna PSU posted a strong set of Q1FY27 results last week. The company on Thursday reported a consolidated net profit of nearly Rs 377 crore for the April-June quarter, compared with…
Shares of VA Tech Wabag gained 4% during Monday’s trading session, rising to Rs 2,072, after the water technology company announced a major order win from the Bangalore Water Supply and Sewerage Board (BWSSB) for the development of two energy-efficient wastewater treatment facilities in Bengaluru. The company informed the exchanges that it secured a “Large”…
South Korean shares fell nearly 5% on Monday, triggering market-wide trading curbs as investors unwound AI-linked trades, extending a bruising correction that has wiped out more than a quarter of the KOSPI‘s value since its June peak. The selloff highlighted mounting investor anxiety over a market increasingly driven by leveraged bets on AI chipmakers. Once…
Shares of Yes Bank declined 4% to Rs 22.70 on the BSE on Monday even after the private lender reported a standalone net profit of Rs 1,070.99 crore for the April-June quarter of FY27, a 34% year-on-year (YoY) rise from Rs 801.07 crore posted in the corresponding quarter of the previous financial year. Yes Bank…
Mumbai: The Nifty Midcap 150 hit a record high last week, while the Smallcap 250 came within touching distance of its peak. But beneath the surface, the mood was far less buoyant. The average monthly Advance to Decline ratio on the BSE – a measure of the number of stocks rising versus those falling –…
Mumbai: Carnelian Capital is entering the private equity business with plans to launch a ₹1,500-2,000 crore fund, betting that a shortage of growth capital for mid-sized Indian companies has created an attractive investment opportunity that larger buyout firms are increasingly overlooking. The investment manager, which oversees about ₹18,300 crore across portfolio management services and alternative…