This jewellery stock is up over 50% in just 5 sessions and experts predict more upside. Do you own?
Thangamayil Jewellery has surged over 53% in five days, becoming 2025's top-performing jewellery stock. Stellar September-quarter results and a record October, with revenue crossing Rs 1,000 crore, fueled this rally. Analysts see strong technical momentum but advise caution, suggesting dips for entry points around Rs 2,800 and Rs 2,570.
TVS Motor shares in focus as company divests stake in Rapido for Rs 288 crore
TVS Motor Company is selling its stake in Rapido for Rs 287.93 crore. This marks a strategic exit from the bike-taxi aggregator. The deal involves selling shares to Accel India VIII and MIH Investments One BV. TVS Motor had partnered with Rapido in 2022. This divestment occurs as Rapido's shareholder mix changes.
Singtel to sell 0.8% Bharti Airtel stake in Rs 10,300 crore block deal: Report
Singtel is reportedly selling a 0.8% stake in Bharti Airtel for Rs 10,300 crore, a move aligning with its strategy to optimize holdings and unlock capital. This comes as Bharti Airtel reports robust Q2 performance, with strong EBITDA growth and rising ARPU, signaling continued positive momentum for the Indian telecom giant.
Gainers & Losers: Redington, Paytm among 6 stocks that moved most on Thursday
Headline indices Nifty and the BSE Sensex ended in the red on Thursday, recording their second successive losses amid selling pressure in financials, metals and realty stocks.
Valuation check: 9 stocks trading above Industry PE benchmarks
Several Nifty500 stocks are trading at valuations far above their industry averages, signalling strong investor optimism or possible overvaluation. Companies like The India Cements, FACT, and Delhivery lead the list with exceptionally high P/E ratios, reflecting heightened growth expectations or market confidence relative to their sector peers.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets were closed for a holiday on Wednesday. On Tuesday, the Sensex and Nifty closed lower, extending their losing streak due to sharp cuts in IT, auto, and metal stocks. Investor sentiment remained subdued amid FII selling and rising US bond yields, though India's economic fundamentals remain resilient.
