On Rakesh Jhunjhunwala’s fourth death anniversary, his investment philosophy continues to offer valuable lessons for investors. From patience and discipline to respecting market dynamics, learning from mistakes and avoiding unreasonable valuations, these principles remain relevant for navigating equity markets.
Manorama Industries shares surged after Q1FY27 net profit jumped 67.6% YoY to ₹78.7 crore, aided by a better product mix, higher capacity and strong demand from chocolate, confectionery and cosmetics sectors.
The Securities and Exchange Board of India (Sebi) has introduced a mandatory Credit Risk-o-Meter for debt securities, aiming to enhance investor awareness regarding credit risk. This user-friendly tool features a standardized, colour-coded scale, similar to those used in mutual funds. Issuers and online platforms are required to showcase this meter in relevant documents, with public feedback on the proposal expected by September 3.
Zetwerk Manufacturing Business Ltd has updated its IPO papers to initiate a substantial Rs 2,600 crore offering. The funds raised are earmarked for paying off debts and making strategic acquisitions. Over recent fiscal years, the company has seen remarkable revenue growth and its order book has doubled. Functioning as a tech-driven manufacturing network with global reach, Zetwerk caters to various sectors, including renewable energy and defence.
Chinese and Hong Kong stocks declined Friday as tightening liquidity, cautious positioning ahead of corporate earnings and property-sector weakness weighed on sentiment. The CSI300 fell 0.1%, Shanghai Composite 0.2%, and Hang Seng 0.9%. Hong Kong technology stocks dropped sharply, led by JD.com, while concerns over cross-border taxation and weak domestic demand further pressured markets.
Sammaan Capital reported a 27% YoY decline in consolidated profit to Rs 243 crore in Q1FY27, while revenue from operations also fell. The company reported Rs 56,239 crore in AUM and Rs 3,875 crore in disbursements, with plans to accelerate growth and reduce funding costs.
Multiple brokerages have begun analyzing selected Indian stocks, anticipating considerable growth in the future. Jefferies has given Kalyan Jewellers a Buy rating with a specific target price. Similarly, Systematix Institutional Equities has rated Vedanta Aluminium as a Buy, while ICICI Securities placed Add ratings on Canara Bank and Bank of Baroda. Nuvama has set a target price for KPR Mill that suggests significant upside potential.
Honasa Consumer’s shares rose after Q1FY27 PAT surged 116.5% YoY to a record ₹90 crore, while revenue grew 27% to ₹756 crore and EBITDA jumped 141% to ₹110 crore.
Japan’s Nikkei 225 rose nearly 1% on Friday and was on track for a strong weekly gain, supported by softer-than-expected US producer prices, easing concerns over an imminent Fed rate hike and stronger global risk appetite. Technology stocks led gains, while lower oil prices also supported sentiment.
Elon Musk owns a 48.4% stake in SpaceX, according to a regulatory filing, giving him more than 82% of the company’s voting power. His holding is valued at over $900 billion, highlighting his dominant control over the space and AI-focused company.
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