Stocks to buy: The Indian stock market indices, Sensex and Nifty 50, traded over half a percent lower on Tuesday dragged by across the board selling. HDFC Securities has recommended three stocks to buy as its Fundamental Picks which it believes have decent upside potential. These three stocks are Sanofi India, United Spirits and United Breweries.
Open FlipTI Clean Mobility, a wholly-owned subsidiary of Tube Investments of India Ltd, said it has signed a definitive agreement to raise ₹580 crore from GEF Capital Partners, through equity and compulsorily convertible preference shares. This is part of TI Clean Mobility’s planned ₹3,000 crore fundraise for its electric vehicle (EV) venture. Of this, it has already raised around ₹2,530 crore.
Open FlipInvestors have thrown in the towel on Roku (NASDAQ: ROKU). The pandemic-era favorite is off close to 90% from all-time highs as Wall Street continues to worry about profitability and its competitive positioning in the streaming TV (CTV) sector. Even though nobody is talking about this stock anymore, the CTV platform is growing market share in the United States and around the world.
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