Topic
bajaj-finance
Business Market Recap: Top-10 Firms Add Rs 2.51 Lakh Crore; Bajaj Finance Biggest Winner
India's top-10 most-valued companies added Rs 2.51 lakh crore in market capitalisation last week, with Bajaj Finance the biggest gainer after its June-quarter earnings. Nine of the ten firms ended higher, while Hindustan Unilever was the sole decliner. The BSE Sensex rose 2.67% and the Nifty gained 2.59% during the week.
Business Top-10 Firms Add Rs 1 Lakh Crore in Market Cap; Airtel, Bajaj Finance Lead the Rally
Six of India's ten most valued companies collectively added over Rs 1 lakh crore in market capitalisation last week, with Bharti Airtel and Bajaj Finance recording the biggest gains. The BSE Sensex rose 0.86% and the NSE Nifty gained 0.89%, supported by strong domestic macroeconomic data and expectations of accommodative global monetary policy. Meanwhile, Larsen & Toubro, Reliance Industries, SBI, and TCS saw their market valuations decline.
Business Nykaa, Bajaj Finance & More: Top Stocks to Watch on June 22
JP Morgan, CLSA, Nomura and Citigroup issued ratings on Bajaj Finance, Varun Beverages, Nykaa and Jubilant Foodworks respectively. Key takeaways include Bajaj Finance's growth momentum and NIM guidance, Varun Beverages' partnership with Asahi for CALPIS, Nykaa's strong FY30 guidance, and Jubilant Foodworks' margin expansion plans.