TCS was among IT stocks declining after its Rs 3,575 crore acquisition of Porsche subsidiary MHP Management drew mixed views from brokerages.
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TCS was among IT stocks declining after its Rs 3,575 crore acquisition of Porsche subsidiary MHP Management drew mixed views from brokerages.
Indian Sugar Mills Association President Niraj Shirgaokar said on Monday that India does not face a sugar shortage and that the recent price spike was driven by speculative stocking and lower production linked to weather-related issues.
TCS is taking measured steps to narrow the gap with larger peers, with a sharper focus on large-deal wins and a renewed, capability-led M&A strategy, adds the brokerage.
Fertiliser stocks rallied up 10% in early trade on Tuesday, amid strong buying.
PVR INOX has not yet disclosed the buyback size, price, number of shares or other terms of the proposed transaction. These details are expected to be announced after the Board considers the proposal on August 31.
Of the total offer, 10% will be reserved for retail investors, while an additional 25,000 shares will be set aside for eligible employees.
Nifty Media gained 1.59%, while Nifty PSU Bank rose 0.28%. Nifty Auto and Nifty Metal declined 0.45% each, followed by Nifty Energy with a 0.40% fall.
Data center demand is surging, and Cummins is one of the preferred players in the data center space, adds the brokerage.
Jefferies named Bajaj Finance and Shriram Finance among its top NBFC picks, saying earnings upgrades and strong growth should continue to support the sector.
The government is widening its energy security strategy through new oil reserves, domestic production, gas infrastructure and exploration measures, Citi said.