A 1.7 percent stake in Meesho Ltd worth Rs 1,650.4 crore changed hands through a block deal on Thursday, with SoftBank likely to be the seller. As many as 8 crore shares of Meesho were sold at Rs 206.3 apiece, representing a 2.5 percent discount to the stock’s previous closing price of Rs 211.6.Earlier yesterday, reports said that Japanese investment major Softbank was looking to pare its holdin...

HDFC Bank Ltd. is barely holding on to its position as the most influential stock on India’s equity benchmark as a leadership upheaval and governance concerns deepen a selloff.The country’s most-valuable lender’s weighting in the NSE Nifty 50 Index has shrunk to 9.81%, narrowly ahead of rival ICICI Bank Ltd.’s 9.34%, according to the latest data tracked by Bloomberg. The gap exceeded four ...

Adani Ports and Special Economic Zone shares jumped 2 percent in early trade on September 3, emerging as the top Nifty 50 gainer after record August cargo volumes and strong year-to-date growth reinforced the bullish outlook for the ports and logistics major.The Adani Ports and SEZ stock rose to around Rs 1,707, extending its gains from the previous session. The shares have now climbed 14.9 percen...

Shares of Tata Power gained over 1% in Thursday's trade after Nuvama upgraded the stock to 'BUY' from 'HOLD', with a Bull Case target price of Rs 421, implying around 14% upside from the current market price.Shares of Tata Power were trading at Rs 368.70 on the NSE, up Rs 4.70 or 1.29%, at 11:26 am.Nuvama upgraded Tata Power after the stock corrected around 8% following the adverse Kleros arbitrat...

Prestige Estates Projects shares jumped over 3 percent in late-morning trade on Thursday after the real estate developer announced the addition of a 17.14-acre land parcel in Gurgaon to its residential development portfolio, with an estimated gross development value (GDV) of around Rs 5,600 crore.The Prestige Estates stock was trading around Rs 1,636, up 3.4 percent, and was among the top gainers ...