Mutual Funds Dive into ITC, IndiGo, Swiggy, and Paytm in May; BSE and Coforge on the Sell List May was a busy month for mutual fund (MF) managers, with significant buying activity in several prominent Indian companies. Data compiled by Nuvama Institutional Equities reveals where MFs placed their bets and which stocks they offloaded. Big … Read more
JM Financial’s Top Metal Stock Picks JM Financial is bullish on the metals sector, particularly Indian steel companies, anticipating margin expansion in the current quarter. This positive outlook is fueled by a 12% safeguard duty on flat products and an expected $10-15 per tonne drop in coking coal costs for steelmakers. The brokerage highlights that … Read more
Kellton Tech Solutions, a small-cap company whose stock has delivered an impressive 800% rally over the past five years, saw its shares surge over 9% on Thursday, June 12. This jump followed an announcement that its board will meet on Saturday, June 14, to consider significant proposals: raising funds and a stock split. The company … Read more
Paytm shares tumbled 10% on Thursday, June 12, 2025, hitting a low of Rs 864.20. This sharp decline followed speculation that the Indian government might reintroduce the Merchant Discount Rate (MDR) on UPI payments. However, the Finance Ministry quickly dismissed these reports as “false, baseless, and misleading,” reaffirming that no MDR has been imposed on … Read more
Gold and Silver Prices Today: June 12, 2025 Gold and silver prices are on the rise today, June 12, driven by several factors. US President Donald Trump’s recent statements about imposing new tariffs, coupled with heightened geopolitical tensions in the Middle East, have increased the appeal of these precious metals as safe-haven investments. The US … Read more
Tata Elxsi Shares Go Ex-Dividend Today: What Investors Need to Know Tata Elxsi shares are trading ex-dividend today, Wednesday, June 11, 2025. The IT firm’s board had announced a dividend of Rs 75 per share back on April 17, which is now awaiting approval at the company’s 36th Annual General Meeting (AGM). If approved, shareholders … Read more