Reseñas

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction.

Mutual funds significantly reduced their holdings in Vaibhav Global during August, selling approximately 13.13 lakh shares. This resulted in their total ownership dropping from 14.76 lakh shares in July to 1.62 lakh shares by the end of August.

Despite starting on a positive note, the Nifty ended the week with a slight dip. Siddhartha Khemka from Motilal Oswal Financial Services pointed out that besides oil & gas, FMCG, and healthcare, most sectors closed lower, contributing to the market’s loss on Friday.

Puneet Chhatwal, MD & CEO of IHCL, discusses the company’s balanced approach since 2017-2018. With strategies like Aspiration 2022 and Ahvaan 2025, IHCL has diversified its portfolio, doubling in size over six years. The company now opens more than one hotel a month, with a significant focus on capital-light models.

Brokerage firm Bernstein has upheld its ‘Outperform’ rating on Zomato and adjusted its target price to Rs 330, indicating a potential increase of 16% from the previous day’s closing price of Rs 283.9. The firm attributes this revised outlook to the rapid expansion of the quick commerce (QC) sector. Bernstein Continue Reading

​But quick commerce is the one which is growing at 50%, 60%, 70% on that low base. And if these things continue to catch up, if this really scales up beyond the metro cities, quick commerce could spell severe threat for the kirana stores.

Deccan Transcon Leasing IPO features a fresh equity issue of 55.24 lakh shares alongside an offer for sale (OFS) worth Rs 5.4 crore. Shares are priced between Rs 102 and Rs 108 each, with a minimum bid of 1,200 shares per lot.

Kalyan Jewellers Share Price: Other jewellery stocks like Senco Gold and Goldiam International also hit their fresh 52 week highs of Rs 1,292.45 and Rs 374, respectively. The stocks were up by 4% and 6% in the same order.

Sandip Sabharwal discusses the current high valuations in the market and advises keeping cash on hand for future opportunities. He notes that while the IT sector has seen significant gains, further growth may be limited. Real estate stocks have performed well but face challenges ahead. FII flows into India have Continue Reading

Campus Share Price: Campus Activewear shares surged by 24% over the past five trading sessions to hit an all-time high on BSE despite a decline in Q1 FY25 financials. Brokerage firms remain optimistic with buy ratings and target prices set at Rs 305 and Rs 335.