Stocks to watch: Tata Technlogies, HDFC Bank, Yes Bank, Ola Electric among shares in focus today
According to a media report, U.S.-based private equity firm TPG is expected to offload a 2.1% stake in Tata Technologies through a block deal. The transaction is estimated to be worth around ₹ 634 crore, with the floor price likely set at ₹ 744.5 per share.
On Tuesday, a block deal took place involving Bengaluru-based logistics technology firm Zinka Logistics Solutions, widely recognized as BlackBuck. A consortium of prominent institutional investors acquired stakes in the company, while existing backer Peak XV Partners reduced its shareholding.
The capital markets regulator, Sebi, has recently given the green light to six companies to launch their initial public offerings (IPOs), among them HDB Financial Services, a subsidiary of HDFC Bank.
Wipro has signed a multiyear agreement with Entrust to accelerate growth by delivering scalable, AI-driven technology services.
Yes Bank said on Tuesday that its board has given the green light to raise up to ₹ 7,500 crore via equity capital and ₹ 8,500 crore through debt instruments in the financial year 2026.
Hyundai Motor and Kia Corporation have fully divested their stakes in Ola Electric Mobility via block deals. As per NSE bulk deal data, Hyundai sold 10.8 crore shares at ₹ 50.70 each, amounting to ₹ 552 crore, while Kia sold 2.7 crore shares at ₹ 50.55 per share, totaling ₹ 138 crore.
Flipkart, owned by Walmart, is likely to sell its entire 6% stake in ABFRL via a block deal estimated to be worth around ₹ 600 crore, according to media reports.
The company announced that its experimental drug, SCD-044, failed to achieve the primary treatment objectives in two mid-stage clinical trials targeting psoriasis and atopic dermatitis (commonly known as eczema).
The pharmaceutical company announced that its fully owned subsidiary, Zynext Ventures USA LLC, has entered into a Securities Purchase Agreement with Agenus Inc., USA, to purchase 2,133,333 common shares for a total of $16 million.
Hyundai Motor revealed major upgrades to its premium SUV, the Hyundai Alcazar, on Tuesday, including the addition of a panoramic sunroof and a DTC (Dual Tone Color) option.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Hindustan Times
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'With the RBI announcing a third rate cut this calendar year, bringing the total repo rate reduction to 100 basis points (bps), we're seeing a gradual but positive shift for borrowers. Although each cut, including the recent 50 bps reduction, may seem modest in isolation, cumulatively they help ease the overall cost of borrowing,' says Deepak Kumar Jain, founder and CEO of a loan distribution company. For instance, on a ₹50 lakh home loan over 20 years, the EMI drops by around ₹3,164. For loans of ₹1 crore and ₹1.5 crore, the monthly savings are approximately ₹6,329 and ₹9,493, respectively. While these savings aren't massive, they do improve affordability, especially in a high-cost housing market. The rate cuts since the beginning of the year also mean that borrowers can now opt for a higher loan amount while keeping their EMI unchanged. With the RBI having reduced the repo rate by 100 bps so far this year, home loan rates are expected to fall further as banks begin to transmit the benefits of the monetary policy. 'This means if someone is paying a 9% interest rate for a ₹1 crore home loan and the interest rate comes down to 8%, then by keeping the EMI constant, they can opt for a higher loan amount by almost ₹7.5 lakhs,' says Abhishek Kumar, founder and chief investment advisor of SahajMoney, a financial planning firm. The actual transmission to the end borrowers would depend on how quickly the banks pass on the benefits through lower Marginal Cost of Funds-based Lending Rate (MCLR) rates. Thanks to the 100 bps rate cut this year, including a fresh 50 bps slash, Priya, a young IT professional in Pune, sees her ₹50 lakh home loan EMI reduced by over ₹3,000. That saving bridges the gap between rent and ownership, letting her seriously plan her move from tenant to homeowner. The RBI has also cut the Cash Reserve Ratio (CRR) by 100 bps. This does not have a direct impact on home loan interest rates but there is an indirect impact. 'The reduction in the Cash Reserve Ratio (CRR) will help boost liquidity in the banking system, which means that banks have more funds to lend. Developers will be able to access more capital for their projects, and this can positively impact project completion timelines. It also gives banks the option to reduce home loan interest rates, which will have again positively impact sentiment in the affordable and mid-income segments,' says Anuj Puri, chairman, Anarock Group. 'With this RBI rate cut, the EMIs will come down by almost 10-12%. For example, if a person wants to continue with the same tenure the EMIs will be lesser, however if someone opts for a shorter tenure, the EMIs can remain the same and the loan can be paid within a shorter tenure,' said Sanjay Daga, CEO and managing director of Anex Advisory. Assume you have a ₹50 lakh home loan with an interest rate of 8% per annum and a tenure of 20 years. - Loan Amount: ₹50,00,000 - Interest Rate: 8% per annum - Tenure: 20 years - EMI: approximately ₹41,833 - Loan Amount: ₹50,00,000 - Interest Rate: 7.5% per annum - Tenure: 20 years - EMI: approximately ₹38,781 In this scenario, the EMI would decrease by approximately ₹3,052 ( ₹41,833 - ₹38,781), which is around a 7.3% reduction. If you choose to keep the EMI the same ( ₹41,833) and opt for a shorter tenure, you could potentially save around 2-3 years on your loan repayment, depending on the lender's calculations. The RBI has also shifted to a neutral stance. Which means that they are neither inclined to cut nor hike interest rates aggressively in the immediate future. This means that further rate cuts in the immediate future are not likely. Hence it makes this the perfect time to buy a house if you really need one. However, homebuyers who are undecided should not base their decision solely on the reduction in home loan interest rates. 'Since floating rate loans fluctuate over the loan tenure, interest rates may rise or fall in the future. Instead, buyers should also consider their other financial goals and ensure they can afford the EMI payments throughout different economic cycles,' explains Kumar. Anagh Pal is a personal finance expert who writes on real estate, tax, insurance, mutual funds and other topics
