Markets

Rajesh Exports Plummets as ED Probes Management Salaries and SFIO Steps In Over Financial Irregularities Stock Tanks on Regulatory Scrutiny Shares of Rajesh Exports faced severe selling pressure in morning trade on Thursday, hitting the 5 percent lower circuit. The stock was locked at Rs 97.02, registering a decline of 4.99 percent around 10 AM. This sharp drop comes amid escalating scrutiny from regulatory bodies regarding the gold refining and jewellery manufacturer.The intensified investigation centers on alleged financial irregularities discovered during prior regulatory actions. A report surfaced indicating that the Serious Fraud Investigation Office (SFIO) is set to launch a detailed probe into the company's operations.ED...

DSP Savings Fund Leads Money-Market Race Delivering 1.9% Gain in Three Months Amidst Rising Rates In a crucial ranking of money-market mutual funds, DSP Savings Fund has emerged as a top performer based on its three-month returns. The fund recorded a gain of 1.9 percent over the specified period, positioning it among the leaders in this short-term investment category. This performance underscores the role of these instruments in maintaining stability within the fixed income space.Three-Month Performance Highlights Top Money-Market Funds The ACE MF data reveals a tight race among leading funds during the three-month window. DSP Savings Fund delivered 1.9 percent, closely followed by Aditya Birla SL Money Manager Fund and UTI Money...

Aditya Birla SL Medium Term Plan Surges to Lead as Bond Category Eyes Stable Returns The medium-duration mutual fund segment is seeing strong performance from specialized funds, led by the Aditya Birla SL Medium Term Plan. This scheme delivered a robust 8.3 percent one-year Compound Annual Growth Rate (CAGR). The ranking of this category reveals that ABSLMT maintained its lead over peer funds, driving stability and return for investors looking at medium-term debt instruments.One-Year Performance in Medium-Duration Funds Aditya Birla SL Medium Term Plan holds the top spot among eligible funds based on a one-year CAGR return. Following it are ICICI Pru Medium Term Bond Fund at 6.8 percent, and Kotak Medium Term Fund with 6.2 percent...

HSBC Midcap Fund Surges in Three Months, Leading Sector Amid Robust Market Performance The mid-cap mutual fund segment has seen strong performance, with the HSBC Midcap Fund emerging as the clear leader in three-month returns. Delivering an impressive 24.3%, HSBC’s fund cemented its position atop a competitive category, according to ACE MF data released on June 24.This leading performance comes alongside consistent outperformance across various timeframes, highlighting the stability and potential of well-managed mid-cap investments. The ranking specifically considers only schemes that have attained significant scale, requiring a minimum Assets Under Management (AUM) of ₹1,500 crore.HSBC Midcap Fund Dominates Short-Term Returns HSBC...

Provisional List of Prospective Resolution Applicants for PS IT Infrastructure & Services Limited PS IT Infrastructure & Services Limited has released a provisional list detailing the applicants who submitted Expressions of Interest (EOI) concerning the company's resolution process. The list outlines the status of various prospective resolution applicants (PRAs), which were collected following the Form-G publication in 'Financial Express Mumbai Edition' and 'Mumbai Lakshdeep Marathi Edition' on May 30, 2026.The provisional data, compiled as of June 22, 2026, includes ten PRAs whose eligibility is currently under verification, alongside two applicants who were categorized as "Included" or rejected based on pre-screening criteria. The...

ICICI Pru Pharma Fund Surges: 3-Year CAGR Leads Sector, Outperforms Benchmark by Double-Digit Margins ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund has emerged as the top performer among specialized pharmaceutical and healthcare sectoral mutual funds. According to data from June 24, the fund delivered a remarkable 26.5 percent return over three years, establishing clear dominance in this focused investment category.The performance highlights ICICI Pru's ability to capitalize on specific industry trends. The P.H.D Fund maintained significant superiority over competitors like SBI Healthcare Opp Fund (24.5 percent) and Mirae Asset Healthcare Fund (24.0 percent), all within the cohort of funds meeting established investment...

Infosys Shareholders Approve Reclassification of Promoters to Public Category Infosys Limited has announced that its shareholders approved a key proposal during the company's 45th Annual General Meeting, resulting in the reclassification of two members from the promoter group to the public category.The approval was granted by shareholders at the meeting held on Tuesday, June 23, 2026. The proposal addressed the re-classification of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal.Following the unanimous shareholder decision, the Applicants have been reclassified to the 'Public' category immediately. This transition marks a formal change in their corporate status as defined by the company.INFY Stock Price Movement As of...

Concord Biotech’s Unit-II Formulation Facility Receives Successful Inspection from Kenyan and Ugandan Authorities Concord Biotech Ltd has announced the successful completion of inspections conducted at its Unit-II formulation facility by international regulatory bodies. The inspection covered facilities in relation to their operations, concluding after a period spanning June 18, 2026, to June 24, 2026.The oversight was provided jointly by the Pharmacy and Poisons Board (PPB) from Kenya and the National Drug Authority (NDA) from Uganda. The successful completion of these dual inspections is highlighted as a significant development in Concord Biotech’s journey toward global growth.According to the company, this achievement underscores...

Defence Stocks Surge as UAE Talks Heat Up; Bharat Dynamics Battles Execution Risks Amid 'Sell' Call Shares of Bharat Dynamics Ltd (BDL) traded higher on Thursday, rising 0.6 percent to Rs 1,391.90 in morning trade. This uptick occurred despite Goldman Sachs maintaining a cautious outlook on the defence PSU. The brokerage retained its "Sell" rating with a target price set at Rs 1,275 per share, implying an approximate downside of around 8 percent from the previous session's close.Goldman Sachs’ Cautious View Amid Revenue Gains Goldman Sachs acknowledged that recent order wins have significantly improved BDL’s revenue visibility. However, the brokerage remains concerned over execution challenges and near-term margin pressures. It...

Tata Chemicals Shares Surge as RBI Finalizes Strict NBFC-UL Norms, Setting High Listing Mandate The market witnessed a significant rally in Tata Chemicals shares, which rose up to 4% on June 25th. This strong movement follows the Reserve Bank of India's (RBI) definitive move on June 24th regarding the definition and regulation of systemically important Non-Banking Financial Companies (NBFCs).The RBI has issued revised norms that introduce a stringent asset threshold for classifying NBFCs into the Upper Layer category. This regulatory shift carries major implications, potentially mandating a public listing for large entities such as Tata Sons.Key Changes in RBI's NBFC Classification Norms The RBI's amendments address how Upper Layer...

"Future Billionaires": Kothari Bets Big on These 'Overpriced' Stocks with Massive Growth Potential Rajesh Kothari, founder and managing director of AlfAccurate Advisors, argues that the greatest investment opportunities often look expensive when viewed against current earnings. His philosophy is centered on identifying structural shifts—massive market size coupled with defensible market leadership—before they become mainstream consensus. With a fund history showing 23.4 percent CAGR over five years compared to the BSE 500's 12.3 percent for the period ended May 2026, Kothari explains why he holds positions in Hitachi Energy, Aditya Infotech, and Timex.The Three Pillars of High-Conviction Investing Kothari’s strategy is governed by a...

Onward Technologies Secures ₹ 33 Crore Contract for Global Power Management Firm Onward Technologies Limited has secured a significant engineering services contract with a leading global power management company. The agreement, valued at approximately ₹ 33 Crore, spans a three-year period. This strategic contract involves establishing a Dedicated Offshore Development Centre (ODC) to support the client's Data Center Segment/Business Unit and facilitate faster execution of their requirements.The engagement falls under the category of Engineering Research & Development Services. The successful execution of this project is set to solidify Onward Technologies’ role in advanced technological development for global industry leaders.Details...

PTC Industries Recognized in 2025 Burgundy Private Hurun India 500 for Strategic Advancement PTC Industries Limited has been included among the top companies in India after being recognized in the 2025 Burgundy Private Hurun India 500, an annual ranking of the country's most valuable enterprises. This recognition highlights PTC's strategic evolution from a precision castings company to a comprehensive advanced materials and components platform that serves critical aerospace, defence, and strategic sectors.The list is compiled by Burgundy Private, the private banking division of Axis Bank, in partnership with Hurun India. The ranking identifies companies based on market capitalization for listed entities and valuation for unlisted...

FAR Inflows Surge Near ₹35,000 Cr After RBI Move; Equities Suffer Massive Capital Outflow The market is witnessing a significant divergence in foreign investor behavior. While the equity segment continues to grapple with heavy outflows, the debt market is seeing a major revival of foreign appetite. The Fully Accessible Route (FAR) for Indian government securities (G-secs) has become a strong attraction point for international investors.Foreign portfolio investors have poured nearly Rs 35,335 crore into FAR securities this year. This influx highlights the growing preference among global capital managers for stable debt instruments in India. The positive sentiment is directly linked to measures announced by the Reserve Bank of India...

ZF Commercial Vehicle Control Systems Announces Bonus Share Allotment of 9.48 Crores Shares ZF Commercial Vehicle Control Systems India Ltd has announced a significant increase in its equity capital following the allotment of bonus shares, effective June 25, 2026. The company approved the issuance of 9,48,37,920 fully paid-up Bonus Equity Shares of Rs. 5/- each to eligible shareholders.The bonus issue was granted at a ratio of 5:1, meaning that five new equity shares were issued for every one existing share held by an eligible shareholder as of the Record Date, June 24, 2026. This move resulted in substantial growth across the company's capital structure.The allotment signifies a major expansion of ZF Commercial Vehicle Control...

TMPV Accelerates Market Gains: Analysts Assess JLR's Role as a Sector Speed Bump The automotive sector is seeing sharply divergent performances, with certain players showing significant upward momentum while others continue to lag behind key industry trends. Companies demonstrating strong execution capabilities are successfully translating positive market sentiment into accelerated stock appreciation, contrasting starkly with the performance of competitors struggling to keep pace.TMPV's Performance Drives Market Momentum TMPV has demonstrated remarkable strength in recent trading sessions, effectively stepping onto the accelerator and leading gains across related segments. This robust move suggests strong investor confidence in the...

IndiGo, Petro Stocks Surge as Brent Crude Plummets Below War Levels Amid Geo-Political Easing Crude-sensitive equities experienced a significant rally in early trade on Thursday following international markets reports of Brent crude oil slipping to a fresh low. This decline follows a sustained downward trend after the commodity managed to erase all prior gains accrued during periods of heightened US-Iran tensions.Shares across several key sectors rallied, driven by expectations of easing input costs and reduced supply concerns. Aviation stocks gained notably as oil prices moderated, while Oil Marketing Companies (OMCs) saw incremental advances.Market Rally in Aviation and OMCs InterGlobe Aviation, the parent company of IndiGo, rose...

LIC Stock Slips 2% as State Insurer Turns Ex-Dividend for Rs 10 Payout Shares of Life Insurance Corporation of India (LIC) saw a decline in early trading on June 25 after the state-run insurer turned ex-dividend for its final dividend of Rs 10 per share for FY26. The movement was primarily linked to the standard stock price adjustment associated with the dividend declaration.LIC Shares Adjusting Post Ex-Dividend Date LIC shares traded lower, falling by up to 2.2 percent in early deals to settle around Rs 427. Despite the decline, which reflects the ex-dividend status, the stock was marginally higher by approximately 0.1 percent when adjusted for the dividend payout. This marginal gain suggests that the drop is largely attributable to...

SBI Mutual Fund Reaches 5% Stake in Bosch Home Comfort India After Market Purchase SBI Mutual Fund, through its various schemes, has increased its stake in Bosch Home Comfort India Ltd after a market purchase of shares totaling 1,34,798. This acquisition pushed the fund's total holding past the 5% threshold of the company's paid-up share capital.The acquisition occurred on June 23, 2026. Prior to this transaction, SBI Mutual Fund held 12,64,205 shares of Bosch Home Comfort India Ltd, representing a stake of 4.6494%. Following the purchase of 1,34,798 additional shares, the cumulative holding stands at 13,99,003 shares, equating to 5.1451% of the target company's paid-up share capital.The mode of acquisition for these shares was a...

Institutional Investment in M.R. Maniveni Foods Limited: Longthrive Capital Acquires Stake Longthrive Capital VCC - Trendview Capital Fund and Longthrive Capital VCC - Gamma View Funds have acquired a portion of shares in M. R. Maniveni Foods Limited through a pre-IPO and Anchor Investment, as reported on 29/05/2026.The acquisition involves both funds holding stakes in the target company. The acquirers, neither of whom belong to the Promoter group, acquired A. 1,56,000 shares carrying voting rights. This acquisition contributed a total of 1,56,000 shares toward the institutional investors' holdings.Following this transaction, the holding of Longthrive Capital VCC - Trendview Capital Fund and Longthrive Capital VCC - Gamma View Funds...