Deven Choksey, MD of DRChoksey FinServ, says private sector insurance companies are relatively more favourable from a growth perspective. Valuation-wise, some of them have already started scaling up. There is good potential in the likes of SBI and HDFC Life and also Bajaj Life Insurance business. He likes those businesses from an investment perspective.
Hindustan Zinc shares surged 16.8% in four sessions, driven by a sharp rally in silver prices, which hit all-time highs on MCX. As the worlds third-largest silver producer, the company benefits from rising demand amid geopolitical tensions and dollar weakness.
Jindal Saw shares: On Monday, June 9, Jindal Saw announced that its board had approved three overseas investments totaling up to $118 million, as part of its strategy to expand its presence in the iron and steel industry across the region.
United Spirits shares: According to the report, Diageo is considering several options regarding its stake in the prominent cricket franchise, which it holds via United Spirits. The British liquor major is said to be in talks with advisers to assess the possibility of selling either a partial or complete stake in RCB.
The Wealth Company Asset Management, part of Pantomath Group, plans to launch Bharat Bhumi Fund. The fund will be worth Rs 2,000 crore. It will target the real estate sector. Rakesh Kumar and Bhavya Bagrecha will lead the fund. Peter Sharp joins as advisor. The fund will invest in data centers, warehousing, and residential projects.
Coforge shares: The brokerage expressed continued confidence in Coforges strong growth potential and margin improvement. It also highlighted the companys optimistic management outlook, noting the absence of macroeconomic challenges that have affected other firms in the sector.
