The stake in Samhi Hotels was valued at around Rs 83 crore, while the holding in Waaree Energies was worth around Rs 1,050 crore
Madhusudan Kela's Cohesion MK Best Ideas Sub-Trust bought 10 lakh shares of the company in the block deals at a price of Rs 208.83 apiece
'Indian markets are superbly resilient as there is a growth story... We have more than 1,500 companies with more than Rs 1,000 crore market cap. In no other emerging market, you can see this kind of variety. I'm very bullish on the India story, says Madhusudan Kela.
India has no shortage of successful industrialists, but few have matched the legacy of the Tata Group
The deal will see EQT invest Rs 500 crore into IndoStar Home Finance shortly after the transaction closes.
The market veteran pointed out that the report seemed filled with 'conspiracy' claims and failed to present any clear, actionable allegations
Kela advises investors to expect moderate equity returns in the future, suggesting that over time, equities are likely to yield returns slightly higher than fixed income investments.
Kela described this period as 'Amrit Kal' for investors and said that everything would fall in place if investors are structurally positioned on Indian equities.
Wockhardt has two molecules — Nafithromycin (WCK 4873) for treating pneumonia and WCK 5222 for urinary tract infection, in development phases, with launched lined up for FY25 and FY26
Other prominent names like ICICI Prudential, Mirae Asset Management, Tata Indian Opportunities Fund, Invesco India Smallcap Fund, Gagandeep Credit Capital and Subhkam Ventures were also issued shares in Wockhardt's QIP.
The company will use the funds to build a Rs 300-crore integrated manufacturing facility for neurovascular devices at Mysore.
The founder of MK Ventures warns against the video, tags SEBI and others, says the promises of returns made in the video are fake. He is in the process of taking legal action
The veteran investor also sees opportunities for the pharma sector, oil companies and the industrial segment.
Prashant Jain believes that given the scale at which the government is planning the solar rooftop plan, the utilities space will become crowded. However, he sees some good investment options in the utilities supply side.
Shyam Metalics and Energy concluded its qualified institutional placement (QIP), raising a total of Rs 1,385 crore. Veteran investor Madhusudan Kela, Europe's Societe Generale and Reliance Commercial Finance are among the many allottees.
Avenue Supermarts reported a consolidated net profit of Rs 623.35 crore in Q2 FY24, down 9.09 percent Year-on-Year (YoY). The company’s revenue was up 18.66 percent YoY at Rs 12,624.37 crore in the same period
Veteran investors explain how the stock stands to benefit from a changing environment
The hydraulic gear pumps manufacturer has been increasing its focus on the defence and aerospace businesses, both of which are emerging as celebrity sectors. In the last three years, Dynamatic share price has skyrocketed to almost 500 percent.
In Moneycontrol’s Muhurat Roundtable, market veterans discussed why foreign investors left Indian shores and when they’ll be back
The market veteran believes investors need to think like businessmen while choosing stocks
At Moneycontrol’s Muhurat Roundtable, market veterans say low per capita income means things will only get better as they bet big on India’s consumption story
Oil-price volatility was cited the most by the panelists
Kela has raised his stake in the company to 12.15 percent from 0.06 percent.
With more than 30 years of experience in the stock market, Madhu Kela has been one of the most influential names of Dalal Street in the last decade
Madhusudan Kela of Reliance Capital told CNBC-TV18 that foreign institutional investment (FII) rating is likely to level up for India after the roll-out of GST and the implementation of the Bill is a big trigger from the perspective of foreign investors as it will lead to ease of doing business, improve efficiency and reduce corruption.