Saturday, August 15
Shares of Billionbrains Garage Ventures, the parent company of Groww, rallied another 2% to their day’s high of Rs 166 on Tuesday, after Kotak Institutional Equities initiated coverage with a Buy rating and a target price of Rs 190 per share. This implies an upside potential of 16.5% from current market levels. The brokerage expects FY26E to see largely flat earnings, followed by strong growth of around 35% in FY27E and about 25% in FY28E. This growth is likely to be driven by a sharp ramp-up in underpenetrated segments such as marginal trading facility (MTF), commodities, incremental contribution from wealth revenues through both organic and inorganic avenues, and operating leverage that should support margin expansion.Groww is expected to deliver a 20% revenue CAGR over FY2026–28E, s
Shares of Anand Rathi Wealth Limited jumped 2% to their day’s high of Rs 3,191.70 on the BSE today (January 13), after the company reported a decent set of numbers for the quarter ended December of the financial year 2026.The company reported a 30% jump in its December quarter net profit at Rs 100 crore compared to Rs 77 crore in the year-ago period. Its total revenue stood at Rs 306 crore in the quarter under review, marking a jump of 25% over Rs 244 crore reported by the brokerage firm during the same quarter last year. For the nine months ended December 31, 2025, the profit after tax (PAT) rose 29% YoY while the topline grew 21%.Anand Rathi's Assets Under Management (AUM) witnessed a 30% jump in Q3FY26 to Rs 99,008 crore versus Rs 76,402 crore in the year ago period.The mutual fund di
Nearly two decades ago, India promised itself — and the US — that nuclear power would be its next big bet. The two countries signed a landmark deal on civilian nuclear energy in 2008, amid protests from politicians and activists alike. The late Manmohan Singh, then prime minister, bet his government’s survival on passing that legislation — a wager he won, contributing to its re-election a year later.But all that political capital was wasted in the years that followed. Investment didn’t flow in. No new plants that used world-class technology or private-sector expertise got built.That might, finally, be about to change. In December, parliament passed a new bill that is supposed to make it easier for private companies, including foreign ones, to build and operate nuclear power plant
The World Bank on Tuesday raised India’s growth forecast for FY26 to 7.2%, up from 6.3% projected in June 2025, citing strong domestic demand, including strong private consumption. The improvement is supported by tax reforms and rising real household incomes in rural areas, it said. Growth is estimated to moderate to 6.5% in FY27, assuming that the 50% tariffs by the United States remain in place throughout the forecast horizon, according to the World Bank’s latest Global Economic Prospects (GEP) report. In FY28, growth is set to edge up to 6.6%, supported by resilient services activity, a recovery in exports, and a pickup in investment. Despite higher tariffs on certain exports to the US, the growth outlook for FY27 remains unchanged from the June projection, as the negative impact of
