Latest Stock Market News

“Aadhar is a large affordable HFC (Rs 211 billion of AUM in FY2024, 7% market share in the affordable segment) with a long track record, well-diversified geographical presence and customer profile. Its multipronged expansion and appraisal strategy will drive 21% AUM CAGR (FY2024-27E) with low credit costs,” said Kotak Equities in its report.

Raymond shares jumped 9% to Rs 2,182 ahead of its lifestyle business listing this week. Brokerages, including Motilal Oswal and InCred, view this as transformative. Raymond aims for 12-15% sales growth and doubling EBITDA to Rs 2,000 crore by FY28.

Nouriel Roubini points out frothiness in US stock markets driven by AI optimism and examines potential impacts of the upcoming US election. He also discusses geopolitical risks like the Russia-Ukraine war and advises India to focus on high-value-added manufacturing over low-value-added, labor-intensive sectors for achieving its development goals by 2047.

Headline index BSE Sensex, however, closed with minor declines at 82,555, falling by 4 points or 0.01%.

The promoters of the company, also known as Moneywise Financial Services Pvt. Ltd., have mandated Prudenthill Advisors LLP and Riverstone Capital Private Limited, both founded by ex-Credit Suisse bankers Rahul Bahety, Himanshu Sarda and Nipun Jain, to lead the advisory for this transaction, the people cited earlier said.

The shares of Eco Mobility and Hospitality are set to debut on the exchanges on Wednesday with a grey market premium of Rs 160. Despite the company not receiving any proceeds from the IPO, it reported a significant year-on-year revenue and profit increase in FY24. Investors show robust interest with a 64 times subscription rate.

Pramod Amthe of InCred Capital remains cautious on defence and railway sectors, favoring FMCG stocks like Marico and Britannia. He highlights promising opportunities in auto companies such as Hero MotoCorp and Maruti as well as Ashok Leyland in CVs. Amthe sees potential in capex-led capital goods and expects strong growth in the two-wheeler segment.

The article discusses investment strategies for senior citizens like Rajiv Tandon, who seek low-risk monthly income. Alekh Yadav from Sanctum Wealth recommends hybrid funds, such as balanced advantage funds, and systematic withdrawal plans (SWP). These options provide stability and favorable tax treatment. He also suggests considering equity savings funds and new hybrid funds post-Union Budget 2025 changes.

By around noon, the retail individual investors’ quota had been subscribed 5.5 times, while the non-institutional investors’ category saw 22 times subscriptions. The allocation for qualified institutional bidders was booked at 87% or 0.87 times.

For investors, spotting consistent performers can be a valuable strategy. ETMarkets has identified seven stocks that have gained over 10% each month for the past five months of FY25.