Axis Securities’ conviction buys in the FMCG sector are Varun Beverages and DOMS Industries. “We believe the FMCG sector offers a compelling blend of defensive growth, premiumisation potential, and resilient return ratios in an otherwise volatile market,” Axis said. — Buy Varun Beverages | Target: Rs 590 | Upside: 14% — DOMS Industries | Target: […]
Wipro shares in focus after $375 mn acquisition of HARMAN’s digital transformation solutions business
The shares of IT major Wipro will be in focus on Friday, August 22, after the company announced a $375 million agreement to acquire the Digital Transformation Solutions (DTS) business unit of Harman Connected Services and its subsidiaries, along with certain other assets, from Harman International Industries, a Samsung company. The acquisition, which will be […]
Asian shares choppy, dollar steady as traders await Powell speech
Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. Financial markets are looking out for Powell to provide clues about the likelihood of a September rate cut in the wake of recent signs of job […]
Asian stocks: Asian stocks in tight range as rate cut bets pared
Asian equities traded within a narrow range after US stocks and bonds fell as traders pared back wagers on imminent Federal Reserve interest-rate cuts. Shares in Japan and Australia declined while South Korea advanced. Contracts for the Nasdaq 100 declined 0.1% after a report said Nvidia Corp. instructed component suppliers to stop production related to […]
Sebi: Sebi launches major search operation on prominent Mumbai financial influencer
Mumbai: Sebi has carried out a major search operation targeting a prominent financial influencer in Mumbai, a senior official said on Thursday. “We did carry out one search operation on Wednesday. It’s a big name in that industry. And I must give credit to my team because we have been working on this case,” Sebi […]
Federal Bank shares to trade ex-dividend tomorrow; last chance to buy today for Rs 1.20 payout
Shares of Federal Bank will go ex-dividend on Friday, August 22, making Thursday the final day investors can purchase the stock to qualify for the private sector lender’s dividend payout of Rs 1.20 per share. The Kerala-headquartered bank had fixed August 22 as the record date for its final dividend for the financial year ended […]
Retail investors cut holdings in these 10 midcap stocks in Q1 FY26 – Out of Favour
A “Decrease in Retail Shareholding” indicates that the proportion of a company’s shares owned by individual investors has fallen, suggesting that fewer retail investors are buying or holding the stock. In the NSE midcap space, we highlight the top 10 stocks with a decrease in retail shareholding during the June ’25 quarter, compared to the […]
Vedanta announces second interim dividend of Rs 16 per share; check record date
Metal major Vedanta‘s board on Thursday approved a second interim dividend of Rs 16 per share for the financial year FY26. The total payout will be Rs 6,256 crore. The Anil Agarwal company has set the record date on Wednesday, August 27, 2025. Vedanta’s first interim dividend was Rs 7 per share which was announced […]
TVS Motor, Maruti Suzuki among 6 stocks that hit 52-week highs, rallied up to 15% in a month – Fresh Highs
On Thursday, the benchmark Sensex rose by approximately 142 points, closing at 82,000. Fueled by a broader market rally, six stocks from the BSE 200 index reached their 52-week highs, marking their peak levels over the past year. These breakouts are typically viewed by traders and investors as bullish signals, indicating strong upward momentum and […]
Walmart shares fall over 5% despite 8% growth in Q2 revenue, FY26 outlook raise
Shares of Walmart dropped over 5% in early trade on Thursday hitting a low of $97.31 after the company announced its second quarter results where it reported higher than estimated sales numbers while hiking the outlook on sales and EPS for FY26. The company’s revenue stood at $177.4 billion, up 4.8% or 5.6% in constant […]