Beacon Stone Capital offloaded approximately 797,000 shares of Agi Infra at a price of INR 310 per share in a recent transaction.
Siddharth Rajan
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JM Financial has been recognized as a 'Leader' in Environmental, Social, and Governance (ESG) practices, receiving a score of 73 from the NSE Sustainability Ratings for their FY 2024-25 data. This independent assessment highlights their strong commitment to responsible business practices.
Bajaj Finserv's Alternative Asset division is planning to launch Private Equity and Real Estate funds, aiming to expand its portfolio and investment opportunities. The division is also working on reinforcing its team to effectively manage the new funds' launch.
RBL Bank experienced a significant 5.7% increase in share price due to robust growth in advances and deposits, as per Motilal Oswal. Meanwhile, AU Small Finance Bank saw a modest 0.4% climb. The gains come amidst tighter liquidity conditions that are impacting margins for both banks.
Emami expands its portfolio with the purchase of Axiom Ayurveda for INR 200 crores, marking a significant step in the ayurvedic sector. Meanwhile, Tata Motors reports a 14.5% drop in Q4 wholesales and RVNL secures an order worth INR 242 crore. Elsewhere, RBL Bank experiences a 24% rise in YoY business growth, while PNB's global business growth is at 10.8% with a CASA ratio of 73.7%. The RBI approves the sale of 74% stake to Emirates NBD.
Refiners will receive reduced rates for producing petrol, diesel, ATF, and kerosene as oil marketing companies aim to mitigate losses due to their voluntary price cap on retail fuels.
Axis Bank reported a 6.3% quarterly growth in gross advances to ₹12.4L Crore, while deposits increased by 6%. The bank's CASA deposits saw a notable rise of 7.3% QoQ. The stock closed the day at ₹1198.1 on NSE, demonstrating a 0.42% increase.
Punjab National Bank has confirmed that there are no liens on their shares in PNB Gilts as of the fiscal year ending March 31, 2026, adhering to SEBI Takeover Regulations. This information was shared with the Audit Committee of PNB Gilts.
Lokesh Machines Limited has approved a share issue and warrant distribution during their Extraordinary General Meeting held on April 3, 2026, through video conferencing. This decision involves expanding the authorized share capital, issuing new equity shares, and offering warrants on a preferential basis.
Jefferies has given a 'Buy' recommendation for Sai Life Sciences, projecting a target price of Rs 1,300, based on the company's resilience to Middle East impacts, cost-efficient measures, and significant project wins. Sai Life's optimistic sales growth outlook (15-20% CAGR), high EBITDA margins (28-30%), absence of destocking, and visibility in late-stage pipelines are positively influencing its future prospects.
Bajaj Auto executed a significant block trade of over 76,000 shares worth approximately INR 68.2 crore on NSE, with each share being traded at around INR 8,965.50.
Mphasis Limited saw a significant surge of 5.16% today, outpacing its sector and marking a notable difference of 1.47 percentage points. This performance has sparked discussions among investors about whether it indicates a recovery or a technical bounce in the current mixed market conditions.
Halder Venture has been upgraded to a BBB/Stable rating by Crisil due to its strong market position and sound financials. However, the upgrade comes with caution as high capital expenditure risks, intense competition, and pricing volatility could pose potential challenges in the future.
Affordable Robotic & Automation has announced a share issue of approximately INR 150 crores at INR 248 per share, with the approval already received from BSE and NSE on March 30, 2026. The offering will involve issuing around 6.05 lakh new shares.
Vakrangee Limited has been issued a Rs. 25.2L demand order by the CGST in Mumbai. The company intends to appeal against this order and maintains that there will be no significant financial or operational impact on their operations.
Shriram Pistons has met its commitment by timely paying interest on two debenture series totaling INR 1,000 crore, with the amounts of INR 36 crore and INR 36.25 crore respectively, due before March 30, 2026.
Adani Power secures a 'AA Stable' rating for their ₹12,000 crore loan, while existing banking facilities and proposed Non-Convertible Debentures worth ₹57,000 crores also maintain the same stable rating, as per Crisil.
SRG Housing Finance Ltd has seen an upgrade in its credit rating to ACUITE A/Stable due to strong growth in assets under management, enhanced asset quality, and a robust capital structure that boosted profitability.
Sterlite Tech has issued 4.53 million warrants to Twin Star at a price of Rs. 110 per warrant, increasing the promoter's stake to approximately 47.75% upon conversion. This move could potentially signify further investment or influence in the company.
Major stocks like Adani Enterprises, LIC, DLF, HDFC Bank, and Tata Group have reached their lowest points in a year due to the challenging equity market environment, affected by geopolitical tensions, increased crude prices, and RBI's measures.