JSW Energy share: According to reports, global brokerage Morgan Stanley has maintained its 'Overweight' rating on JSW Energy stock
It is the third transaction in a frenetic period of less than a month, during which Morgan Stanley led a group of seven Wall Street banks to sell a total of $6.5 billion in X debt
Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for Rs 103 crore through an open market transaction. Billionaire Mukesh Ambani's Reliance New Energy and Shapoorji Pallonji Group's promoted-Sterling and Wilson Renewable Energy Ltd (SWREL) are the leading solar EPC solution providers. US-based Morgan Stanley through its affiliate Morgan Stanley Asia Singapore purchased 36.44 lakh shares, amounting to a 1.56 per cent stake in Mumbai-based Sterling and Wilson Renewable Energy, as per the bulk deal data available on the NSE. The shares were disposed of at an average price of Rs 282.20 apiece, taking the transaction value to Rs 102.84 crore. Meanwhile, Goldman Sachs, through its arm Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, sold 34.27 lakh shares or a 1.47 per cent stake in SWREL for Rs 97 crore. The shares were offloaded at an average price of Rs 282.46 apiece, taking the deal size to Rs 96.82 crore
The sales mark a surprising turnaround for what had initially been seen as an ill-fated financing of Musk's 2022 takeover of Twitter Inc., as the site was then called
The banks initially planned to sell about $3 billion worth of the loan but received enough interest to parcel out additional debt
Asian Paints' consolidated net profit attributable to the owners of the company declined 23.3 per cent year-on-year (Y-o-Y) to Rs 1,110.5 crore in Q3FY25, down from Rs 1,447.7 crore in Q3FY24
Tata Motors' consolidated profit for Q3FY25 fell 22.4 per cent year-on-year (Y-o-Y) to Rs 5,451 crore, from Rs 7,025 crore in Q3FY24
Despite the strong export performance, the overall Q3 results were seen as somewhat lacklustre, leading to mixed reactions from brokerages
JSW Steel reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24
Bankers have contacted a small group of investors to assess their interest in buying chunks of at least $250 million at a discounted price in the range of 90 to 95 cents on the dollar
The jump in the bonus payouts in the region will come after the Wall Street firm saw its new CEO Ted Pick wrap up a strong first year
According to Morgan Stanley, markets seem to be approaching the budget with skepticism and could be dealing with both volatility and upside risk post budget.
Given the strong Q3 & recent correction in the stock, most brokerages remain optimistic about RIL' future prospects & potential in the stock. Emkay upgraded RIL to 'Buy', citing attractive valuations
Dealmaking was also propelled by a strong US economy, interest-rate cuts and expectations of lighter regulation under incoming US President Donald Trump
HCLTech declared a dividend of Rs 18 per share, including a special Rs 6 per share dividend to commemorate 25 years since its public listing, marking its 88th consecutive quarter of dividend payouts
The firm's 140 relationship managers in the region could grow to 200 over the next few years, said Vincent Chui, head of wealth management for Asia Pacific
Japan-based brokerage Nomura highlighted Bajaj Finance's consistent delivery of strong numbers, citing an AUM compound annual growth rate (CAGR) of 30 per cent over FY13 to Q3FY25
Morgan Stanley's outlook assumes that India will maintain macroeconomic stability, aiding investor confidence
Morgan Stanley downgraded China to slight 'underweight' from 'equal weight' in emerging markets
Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82 per cent stake, of PNB Housing Finance through open market transactions worth Rs 1,664 crore. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 1.42 crore shares or a 5.4 per cent stake in PNB Housing in two transactions. Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data. The shares were bought at an average price of Rs 939.30 apiece, taking the combined transaction value to Rs 1,664.55 crore. Meanwhile, global investment firm Carlyle Group through its affiliate Quality Investment Holdings PCC offloaded 2.45 crore shares or 9.43 per cent stake in PNB Housing Finance for Rs 2,301.58 crore through open market transactions. The shares were sold at an average price of Rs 939.42 per piece. Af