INR reverses yesterday's losses as US dollar stays feeble
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Business Standard
27 minutes ago
- Business Standard
Motilal Oswal Financial climbs 3% after arm's AUM crosses ₹1.5 trillion
Motilal Oswal Financial Services share price rose 3.2 per cent in trade on Thursday, logging an intraday high at ₹883 per share on BSE. The buying interest came after the company arm Motilal Oswal Asset Management Company's Assets Under Management (AUM) crossed ₹1.5 trillion across Mutual Funds (Active & Passive), Portfolio Management Services (PMS) and Category-III Alternative Investment Funds (AIFs). At 10 AM, Motilal Oswal Financial Services share price was trading 3 per cent higher at ₹880.95 per share on the BSE. In comparison, the BSE Sensex was up 0.4 per cent at 83,742.34. The company's market capitalisation stood at ₹52,813.89 crore. Its 52-week high was at ₹1,063.4 per share and 52-week low was at ₹487.85 per share. According to the filing, over the past five years, Motilal Oswal Asset Management has delivered 34 per cent compound annual growth rate (CAGR) in AUM, rising from ₹35,180 crore in June 2020. Further, its AUM composition includes ₹84,300 crore in Active Mutual Funds, ₹33,600 crore in Passive Mutual Funds, ₹15,000 crore in PMS, and ₹17,100 crore in AIFs, underscoring the company's scale and multi-platform capabilities. The AMC, in FY25, captured a 7.8 per cent share of net sales in Growth/Equity-oriented mutual fund schemes, up from 1.9 per cent in FY24. Total net flows for FY25 stood at ₹48,450 crore, with Systematic Investment Plans (SIPs) contributing ₹9,256 crore. About Motilal Oswal Asset Management Company Motilal Oswal Group possesses a legacy of 38 years in equities. MOAMC, incorporated on November 14, 2008, is registered with SEBI as the Investment Manager for Motilal Oswal Mutual Fund. It provides investment management and advisory services across Mutual Funds, PMS, and AIFs for domestic and global investors, as permitted under applicable regulations. About Motilal Oswal Financial Services Motilal Oswal Financial Services is a well-diversified financial services firm offering a range of financial products and services such as Private Wealth, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, and Home Finance. It has a client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions, and corporate clients.
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Business Standard
27 minutes ago
- Business Standard
Indogulf Cropsciences makes flat D-street debut, lists at ₹111 on BSE
Indogulf Cropsciences IPO listing: Indogulf Cropsciences made a flat stock market debut on Thursday, July 3, 2025, listing at ₹111 per share on the BSE. On the NSE, the stock opened at ₹111 the upper end price. Post-listing, the stock was trading at ₹110.5, down 0.4 per cent from the listing price. Indogulf Cropsciences shares underperformed its grey market expectations. Prior to the listing, the company's shares were commanding a grey market premium (GMP) of ₹18, or 16.2 per cent, with unofficial trading quoting the stock at ₹129 apiece, according to market sources. Indogulf Cropsciences IPO details The ₹200 crore IPO comprised a fresh issue of 14.4 million shares aggregating to ₹160 crore and an offer for sale (OFS) of 3.6 million shares worth ₹40 crore. The IPO was open for bidding between June 26 and June 30, 2025, with allotment finalised on July 1. The Indogulf Cropsciences IPO price band was set in the range of ₹105-₹111 per share. Retail investors were required to bid for a minimum of one lot comprising 135 shares worth ₹14,985 at the upper end price. Bigshare Services was the issue registrar. Systematix Corporate Services was the sole book-running lead manager. According to the red herring prospectus (RHP), the company plan to use ₹65 crore from the net fresh issue proceeds for funding its working capital requirements and ₹34.12 crore for repayment or prepayment of certain outstanding borrowings. In addition, ₹14 crore will be used for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat in Haryana. The remaining funds will be used for general corporate purposes. About Indogulf Cropsciences Incorporated in 1993, New Delhi-based Indogulf Cropsciences specialises in manufacturing crop protection products, plant nutrients, and biologicals in India. It manufactures Spiromesifen technical with 96.5 per cent purity and is one of the first indigenous manufacturers of Pyrazosulfuron Ethyl technical with 97 per cent purity in India. The company manufactures and markets an extensive range of crop protection products, plant nutrients, and biologicals in India. Indogulf Cropsciences operates four manufacturing facilities including one in Samba (Jammu & Kashmir), two in Nathupur (Haryana) and one in Barswani, (Haryana). The company's diverse product portfolio caters to various crops, including cereals, pulses and oilseeds, fibre crops, plantations, and fruits and vegetables.
Mint
37 minutes ago
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Latent View, Dhanuka Agritech shares today
Stock market today: The Indian stock markets started with upward momentum on Thursday, but investors remained wary due to concerns over the approaching US tariff deadline. The Nifty 50 index commenced the day at 25,505.10, increasing by 51.70 points or 0.20%. In a similar fashion, the BSE Sensex opened at 83,540.74, reflecting a slight rise of 131.05 points or 0.16%. Market analysts pointed out that although domestic elements are bolstering the market, global fluctuations, particularly uncertainties surrounding the US-India trade agreement, are making traders cautious. On the technical front, Osho Krishan of Angel One believes the 25,300 level is anticipated to provide strong support for the Nifty 50. Krishan recommends two stocks to buy for today. Here's what he says about the overall market. The Indian equity markets started the trading day with decent gains but struggled to sustain the gains and soon after underwent a gradual decline throughout the session. As the day drew to a close, a modest recovery in the benchmark index transpired during the penultimate hour, which mitigated some of the losses incurred earlier. Consequently, the Nifty 50 index concluded the trading day near the 24,450 zone, reflecting a 0.35% decrease. The recent developments in key indices suggest a degree of uncertainty among market bulls, particularly in the wake of the recent breakout. The past few trading sessions have exhibited a notable lack of activity. Nevertheless, from a technical perspective, such occurrences can be regarded as beneficial, as they help to mitigate overheated technical conditions and create opportunities for new market entries. On the levels front, 25,300 is anticipated to act as a strong support, aligning with the 78.60% Fibonacci retracement, followed by the breakout zone of 25,250-25,200 in the coming period. On the flip side, 25,600 appears to act as an intermediate hurdle, followed by the sturdy wall of bearish gap around 25670-25740 in the comparable period. Going forward, an increase in volatility is anticipated due to the weekly expiration of contracts, making robust risk management imperative. Furthermore, sectoral rotation is likely in play, keeping the trader fraternity occupied, and hence, a stock-centric approach is required to upbeat market performance. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Latent View Analytics Ltd, and Dhanuka Agritech Ltd. Latent View Analytics share price has observed a consolidation breakout, underpinned by substantial trading volumes at a critical support level marked by its clustered EMAs on the daily time frame chart. From a technical analysis standpoint, the ADX indicator is demonstrating an increase from the lower range, accompanied by a positive crossover in the 14-day RSI, indicating potential continued momentum. Consequently, from a risk-reward perspective, the stock appears to present a favourable investment opportunity for accumulation at the current levels. Hence, we recommend to BUY Latent View Analytics share price around ₹ 420-415, keeping a stop loss of ₹ 395 for a potential Target of ₹ 460-470. Dhanuka Agritech share price has been consolidating above its 20-day exponential moving average (DEMA) for the past few trading weeks, subsequent to a pronounced rally. Recently, the stock has begun to regain momentum, having surpassed its previous consolidation range, which indicates a fresh influx of buying interest. Moreover, most technical indicators are aligned positively with this trend, suggesting that the momentum is likely to persist in the forthcoming period. Hence, we recommend to BUY Dhanuka Agritech share price around ₹ 1,700, keeping a stop loss of ₹ 1,640 for a potential Target of ₹ 1,800-1,820. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
