Stocks to buy: The Q4 earnings, macro numbers and global cues are expected to move the Indian stock market in the near term. Experts recommend six stocks for solid double-digit returns in next 12 months.
Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder.
Nifty and Sensex soar to new highs in the financial year 2023-24, with retail investors outperforming institutional ones. Rupak De predicts increased trading activity this week due to F&O contracts expiry and shares top stock ideas. De also says if Nifty fails to sustain above 21,950-22,000, the index might enter a consolidation phase.
The RP Sanjiv Goenka Group, boasting revenue exceeding USD 4 billion, is eyeing investment opportunities in Northeast India, particularly in renewable energy. During a meeting with Minister B L Verma, the group expressed interest in exploring hydropower opportunities and other sectors in the region. Hydropower is seen as having significant potential in the Northeast, with several projects in Arunachal Pradesh already underway.
Stock exchange-listed PCBL Ltd announced the acquisition of Aquapharm Chemicals Pvt Ltd last November for Rs 3,800 crore. It informed the exchanges that the acquisition would be done through a wholly owned subsidiary company, Advaya Chemicals Industries Ltd, which was incorporated on January 11.