Edelweiss Mutual Fund MD and CEO Radhika Gupta says investors should approach Specialised Investment Funds (SIFs) with clear portfolio goals rather than chase new products or returns. Speaking at the ET Alpha Wealth Summit 2.0, she highlighted their tax efficiency, the importance of understanding derivatives-based strategies, and the need to assess risks, costs and realistic return expectations before investing.
NTPC Limited invited Expressions of Interest from commercial and industrial entities willing to invest 26 per cent equity in co-generation projects, according to the state-run power company.
Nine penny stocks with market capitalisations below Rs 1,000 crore and share prices under Rs 20 gained up to 316% in six months, supported by strong price momentum and minimum trading volumes of 5 lakh shares.
Around 14 companies, including TCS, Vedanta and Ola Electric Mobility, have key corporate action dates scheduled between October 12 and 16. The announcements cover dividends, bonus issues, rights issues, stock splits and share consolidations.
Abakkus Mutual Fund and JioBlackRock Mutual Fund have filed draft scheme documents with Sebi for six proposed launches. The offerings include three hybrid funds, two target maturity index funds and a silver ETF.
Adani Green Energy reported a 24% year-on-year rise in operational capacity to 20,763 MW in H1FY27, while energy sales jumped 32% to 25,747 million units. The company added 4,083 MW of greenfield capacity and expanded its battery storage portfolio. Its board will consider Q2FY27 financial results on October 21.
DMart operator Avenue Supermarts reported an 8.5% year-on-year rise in consolidated net profit to Rs 743 crore in Q2FY27, while revenue grew 17.8% to Rs 19,644 crore. However, EBITDA and profit after tax margins declined amid entry-level wage inflation. The company opened 15 new stores during the quarter, taking its total to 518.
Bitcoin reclaimed $82,500 on Saturday after hitting a nearly three-week low earlier in the week, as improved ETF flows supported sentiment. Experts flagged institutional outflows, US-Iran tensions and AI-related security concerns as risks. Bitcoin and Ethereum remained down over the week, while derivatives data showed substantial liquidations across crypto markets.
