As the S&P BSE Sensex raced to 80,000 points, with the last 10,000 points coming at its fastest pace, its 13 constituents managed to outperform the index. The outperformers were 💰ICICI Bank, 💰Axis Bank, 💰SBI, 💰Power Grid Corporation, 💰Adani Ports, 💰Bharti Airtel, 💰Tata Motors, 💰Tata Steel, 💰NTPC, 💰Reliance Industries, 💰Sun Pharmaceuticals, 💰UltraTech Cement, and 💰Tech Mahindra.
Open FlipNeo Asset Management, the asset management arm of Neo Asset & Wealth Management, has hired an executive from a KKR & Co-backed infrastructure company. The Mumbai-based asset manager operates in private credit and infrastructure, managing assets valued at an undisclosed amount. The new hire is expected to strengthen the company's capabilities in these areas.
Open FlipState-run companies HUDCO and IREDA saw a significant surge in their stock prices, with HUDCO reaching a record high of ₹304 and IREDA rising 9% to ₹225. A block deal in HUDCO valued at ₹242 crore and another in IREDA worth ₹189.4 crore took place, with shares changing hands at average prices of ₹299 and ₹213 respectively. The trend is attributed to the companies' applications to be considered.
Open Flip