Godrej Fund set to sell 3 floors in BKC project for Rs 900 crore
The deal for nearly 200,000 sq ft office space is expected to be concluded soon as both the entities have inked the term sheet and the due diligence for the property is in process. These three floors are currently leased to entities including global financial major Carlyle Group, oil refining company Nayara Energy and alternative investment firm Investcorp at an average lease rental of over '330 per sq ft.
I feel we could be in for a range bound expiry from a Bank Nifty perspective with the range being 45,800 on the downside and 46,200 on the upside. So, banking could be in a range. What we feel is from a Nifty perspective, what could support Nifty going ahead is the auto index, as well as along with the auto, we feel IT could have one more leg on the upside.
When should the fund manager holding on to cash become a red flag for investor
“Just because a fund has deployed 95% or even higher, does not mean that it is the best approach because you may end up having a very fat tail. You may end up having 70-80 stocks in a portfolio where the fund manager is just buying a lot of stocks to deploy the cash which may not be in his high conviction basket.”
Shriram Multi Asset Allocation Fund is open for subscription. Should you invest?
The primary objective of the scheme is to generate long-term capital appreciation with inflation beating returns by investing in equity and equity related securities, debt and money market instruments, gold/silver ETFs, and REITs / InvITs. The scheme's riskometer shows that the scheme falls in the 'very high' category.
IT earnings have not bottomed out; further correction likely: Jitendra Arora
“Fundamentally India remains a very attractive market and we will see these bouts of selling and buying by FIIs but if I were to stick my neck out and say that how do we see direction of capital over a longer period of time, I think we will see steady FII inflows.”
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Big Movers on D Street: What should investors do with NTPC, ICICI Pru Life and Bikaji Foods?
The stock witnessed a 10-year breakout at 182 and made a high of 197 in the first week of July 2023. It witnessed a minor decline to retest near the breakout levels which acted as strong support and gained by 3% to close higher in yesterday's trade.
Analysts maintain bullish calls on ICICI Pru Life on the back of a renewed business strategy
ICICI Prudential settled at ₹559 on the NSE on Wednesday, down 2.74% from the previous close. More than 49 lakh ICICI Prudential shares exchanged hands on the BSE and NSE, twice the combined daily average volume for the last one month.
Overbought stocks: MTAR Technologies, Keystone Realtors among 10 stocks trading above RSI of 70
Over 50 stocks have been identified as overbought by the Relative Strength Index (RSI), a technical analysis tool used by investors to gauge market trends. When the RSI rises above 70, the stock may be overbought, suggesting a potential correction. Data from July 13 shows 10 stocks in the overbought zone, including Tejas Networks, Indian Bank
Don’t be too aggressive in IT stocks as headwinds greater than tailwinds: Sandip Sabharwal
“After the big move in the Bank Nifty over the last few months, it is better to stick with the leading larger banks because they will be a bit insulated from this although their NIMs will also come under pressure. Also, in IT, headwinds are greater than tailwinds and I would not be too aggressive in IT stocks at this stage.”
Hot Stocks: Brokerage view on RIL, Titan Company, United Spirits, ICICI Prudential and Delhivery
Morgan Stanley downgraded Titan Company to Equal Weight with a target price of Rs 3207. The outperformance is likely to see a temporary pause. High gold prices are likely to impact discretionary consumption. The business growth momentum is likely to slow down a bit in the next couple of quarters.
Why are multi-caps rallying? Arnav Pandya explains
So, in a way, the very basis of the type of fund that this is, it gives you an exposure across the entire market, that is one of the main reasons why you find that these funds have done well and they have provided returns for their investors.
Indian market can continue to deliver double digit returns over a decade: Jitendra Arora
When you are saying that return expectations, again I will come back to the horizon. So, if you think that over the next 12 months perhaps our return expectations need to be hunkered down, maybe you are right.
The company has received a GST show cause cum demand notice for Rs 492 crore. The matter "relates to an industry-wide issue of input tax credit," and the company believes it has availed of eligible input GST credit in compliance. It ......read more
ICICI Prudential gets notice for alleged GST liability of Rs 492 crore
In a notice to stock exchanges, ICICI Prudential said it has received show-cause-cum-demand notice of ₹492 crore for July 2017 to July 2022 period from DGGI. The company said it will take appropriate steps in due course to respond to the notice and contest the matter.
Leading drone maker Ideaforge raises Rs 254 cr from anchor investors ahead of IPO
IdeaForge, the leading drone maker in India, has raised approximately INR254 crore ($34 million) from anchor investors ahead of its initial public offering (IPO). Among the numerous participating investors were Nomura, Invesco, Goldman Sachs, and Tata AIG General Insurance. IdeaForge has a significant share in the Indian unmanned aircraft systems market at roughly 50%. The public offer is slated to run from 26 to 29 June, with a price range of INR638 to INR672 per share. The drones primarily serve customers in surveillance, mapping, and surveying sectors. Proceeds from the IPO will be used for investments in product development and paying off certain indebtedness.