Titan, Infosys among 10 stocks with highest HNI holdings in Q1; check full list
High net worth investors continue to hold substantial positions across some of India’s leading listed companies.
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Lupin share falls 2%; Citi downgrades to Sell, cuts target price to Rs 2,050
Lupin shares came under pressure on Thursday after global brokerage Citi downgraded the stock to ‘Sell’ from ‘Buy’ and sharply cut its target price to Rs 2,050 from Rs 2,540. The stock fell as much as 1.84% to an intraday low of Rs 2,144.70 following the downgrade. According to an ET Now report citing a…
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Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises Limited (AEL) with a Buy rating and a sum-of-the-parts-based target price of Rs 3,880, indicating a 25% upside. Following the coverage initiation, Adani Enterprises shares traded over 1% higher. The stock rose Rs 33, or 1.06%, to Rs 3,145 on the NSE at 11:09 am, compared with…
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Buying property from an NRI? TAN is mandatory until September 30, 2026; Know TDS rules and what changes from October 1
The requirement for resident individuals and HUFs buying immovable property from an NRI to obtain a Tax Deduction Account Number (TAN) will end from October 1, 2026. However, the tax obligation itself will not change. Buyers will still have to deduct and deposit TDS, but they will be able to use their PAN for the…
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Bombay Burmah Trading shares surge 14% after SC recalls Rs 4,655 crore lease-rent observation
Shares of Bombay Burmah Trading Corporation surged 14% on the National Stock Exchange (NSE) on Thursday, August 27, after the Supreme Court recalled its earlier observation linking the company to an alleged Rs 4,655 crore lease-rent liability. BBTCL shares traded at Rs 1,628.60 on the NSE at 10:14 AM, up Rs 202.40, or 14.19%, from…
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ICICI Prudential AMC shares decline 7% in two days as promoter plans 2% stake sale
Shares of ICICI Prudential Asset Management Company declined 5% to Rs 3,064 on the BSE on Thursday as promoter, Prudential Corporation Holdings, is set to sell up to 2% stake in the company through open-market transactions. With today’s fall, the stock is dwn 7% in two straight sessions. ICICI Prudential AMC on Wednesday announced in…
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Tata Power shares slide 4% after company loses $490 million arbitration challenge in Singapore. What’s the case about?
Shares of Tata Power tumbled 4% on Thursday after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitration award over a dispute with investor Kleros Capital Partners. Tata Power shares sharply dropped to Rs 349.50 apiece on Thursday morning, the lowest level seen by the stock since early February this…
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Devyani International shares rally 4% after revision in Sapphire Foods merger plan
Shares of Devyani International jumped as much as 4.02% to Rs 155.36 during Thursday’s trading session after the company announced a key update to its proposed merger with Sapphire Foods India. The company said the Scheme of Arrangement between Devyani International and Sapphire Foods India remains on track, while the proposed secondary sale of shares…
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Capri Global shares slip 3% after NSE, BSE impose Rs 74,000 penalty for compliance lapses
Shares of Capri Global fell nearly 3% on Thursday, hitting an intraday low of Rs 248 on the NSE, after the company received communications from the BSE and NSE imposing a penalty of Rs 74,000, plus applicable taxes. According to a filing with the exchange, the company informed that it has received an email from…
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Hindustan Copper shares fall 3%, multibagger stock drops 6% in 3 days as OFS concludes. What lies ahead?
Shares of Hindustan Copper dropped around 3% on Thursday, with the stock overall losing around 6% in three sessions as the government concluded its offer for sale in the metals major, which saw strong investor interest. Hindustan Copper shares fell to Rs 541.20 apiece on Thursday. The company on Monday had announced that the government…
