Ansid Capital's Managing Partner, Anurag Singh, expresses a positive outlook on the US economy, citing tax cuts, deregulation, and potential rate cuts. While acknowledging a possible dollar weakening, he anticipates a rebound. Regarding India, he notes high valuations and domestic inflows preventing corrections, suggesting consolidation.
Adani Group has fully divested from AWL Agri Business, formerly Adani Wilmar, by selling its remaining 10.42% stake to investors from the US, UK, Middle East, and India. The block trade occurred at Rs 275.5 per share. This follows Adani Enterprises' prior sale of a 20% stake to Wilmar International for Rs 7,150 crore.
ETMutualFunds has shortlisted top flexicap mutual funds based on mean rolling returns, consistency in the last three years, downside risk, outperformance, asset size (threshold size is Rs 50 crore).
Ashok Leyland's shares experienced a slight dip after the allotment of bonus shares in a 1:1 ratio, increasing the total outstanding shares. Trading commenced on the newly issued shares, which rank equally with existing ones. Technical indicators present a mixed outlook, with the RSI in neutral territory and the stock trading above its 30-day SMA, suggesting potential medium-term strength.
Savy Infra and Logistics will launch its IPO on Monday, July 21, to raise up to Rs 69.98 crore at the upper price band of Rs 120. The issue comprises 58.32 lakh equity shares and will be listed on NSE Emerge. The proceeds will fund working capital and general corporate purposes.
Raymond shares: The brokerage stated that Raymonds shift toward becoming a precision manufacturing-centric firm, particularly through its aerospace and auto components divisions, sets the stage for strong multi-year growth.
Ixigo shares: Ixigo recorded a 73% year-on-year rise in revenue from operations, reaching 314.5 crore in the June quarter. Net profit grew by 27% YoY to 19 crore, while gross transaction value (GTV) rose 55% to 4,644.7 crore, driven by strong performance in the flight and bus segments (up 81%) and a 30% increase in train GTV.
