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The stock is down over 34 per cent from its 52-week high at Rs 74.30 hit in May 2025. Mutual Funds trimmed their stake by 9 basis points to 4.82 per cent in Q3 from 4.91 per cent Q2. The stock dropped nearly 11 per cent between October-December period, whereas it is down over 18 per cent since November 2025. Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Stake Mint.
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The difficultly for foreign banks has been more pronounced in retail operations, given the deep on-ground presence of Indian public sector and private banks. Foreign banks have found it an uphill task to grow market share in India barring a few areas. They sold over 12.65 crore equity shares of Suzlon, signaling a 92 basis points fall. The remaining is divided between small finance banks and regional rural banks.
- Analysts remain optimistic, with Trendlyne data showing a “STRONG BUY” consensus from 10 analysts, and an average price target implying upside potential of around 45% from current levels.
- At the end of the September quarter, LIC held 10.12 crore shares or a 4.22% stake in the company, showed data from BSE.
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- India’s largest hospitality company by market capitalization, the IHCL is listed on both BSE and NSE.
- However, their stake stood at 1,39,28,93,394 equity shares or 10.16 per cent as of September 30, 2025.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. We advise investors to consult with certified experts before making any investment decisions. We remain focused on broadening our portfolio while strengthening in-house talent pool and execution capability.” Meanwhile, the adjusted profit (excluding exceptional items) was higher by 4.1% to ₹6114.1 crore. On a longer time frame of two years, Sun Pharma stock has rallied 28%, while in three years, it has jumped 65%.
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That was the first time the central bank had tapped a bank with a foreign parent to backstop an Indian rival. In the past, the regulator has allowed the local arm of a foreign bank to take over a domestic lender. This is the second foreign bank to receive a conditional nod from RBI to open a local subsidiary in eight months. If satisfied with certain compliances following this conditional nod, RBI said it will consider granting the foreign lender a licence to start its banking business under the new subsidiary. The Reserve Bank of India (RBI) on Wednesday said it has decided to allow Sumitomo Mitsui Banking Corp. (SMBC) to operate a wholly-owned arm in India, four months after the Japanese financial services giant acquired nearly a quarter of private lender Yes Bank.
The company invested ₹1685.5 crore in research and development, which is 6% of the overall sales. With this, LIC’s stake in the blue-chip pharma stock has jumped to 5.004% from 4.996% earlier. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
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India allows foreign banks to operate either as a branch or wholly-owned subsidiary of the parent. LIC bought 2,02,500 shares of Sun Pharma from the open market, amounting to a 0.008% stake, from the open market on January 13. However, they own 5,36,91,22,731 equity shares, or 39.17 per cent in the company. Retail investors cumulatively sold more than 1.08 crore equity shares of Suzlon Energy to reduce their stake by 10 bps.
Your Reason has been Reported to the admin. Find this comment offensive? It has a ‘buy’ rating on Suzlon Energy with a target price of Rs 70. Shares of Suzlon Energy settled at Rs 49.01 on Wednesday, up 0.6 per cent for the day. We are also in the midst of some business development in Sri Lanka. When asked whether the brand will be restricted to India, they told PTI that, “We actually have an upcoming asset in Pokhara in Nepal, which is very experiential.