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amit mudgill
Amit Mudgill

Amit Mudgill

tvtn

amit.mudgill@aajtak.com

A market journalist with over 14 years of experience in print and digital journalism, I am 24/7 on the go. Greeting ‘Good Night’ to Dow Jones and ‘Good Morning’ to SGX Nifty come naturally to me. Ask me about data and you will hear stories. I am not so active on social media, but have eyes and ears on the ground. If not tracking markets, I love gazing stars and planets,  astrophotography, reading a lot about what’s happening in India’s neighbourhood and playing video games.

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Nykaa: Goldman Sachs (India) Secuities and JP Morgan India Private Limited are the placement agents of the 100 per cent secondary offer.

Nykaa block deal today: Banga to offload 2.1% stake for Rs 1,200 cr; floor price & more

by Amit Mudgill |Jul 3, 2025

Nykaa block deals: The proposed transaction involves the sale of up to 6 crore shares at a floor price of Rs 200 per share, which is at 5.5 per cent discount to Nykaa's Wednesday's closing price of Rs...

RCom is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC).

SBI to classify RCom loan accounts as fraud, report Anil Ambani's name to RBI

by Amit Mudgill |Jul 2, 2025

RCom: The loans referred to in SBI’s letter dated June 23 pertain to the pre-CIRP period and, under the IBC, must be addressed through the approved resolution plan or liquidation proceedings.

IT shares: BNP Paribas highlighted that the domestic IT services sector is trading at a dividend yield of 3.2 per cent — close to its highest level in the past decade.

IT stocks: FII holding at 13-year lows. Contrarian buy signal or more pain ahead?

by Amit Mudgill |Jul 2, 2025

For the June quarter, BNP Paribas expects seasonality-led divergence across the Tier I IT pack, with strong numbers from Infosys and Persistent Systems, and weaker results from Wipro and TCS.

HSBC said IT stocks, especially top-tier IT companies, are no longer five-year buy-and-hold compounding stocks; they now require a lot more active management.

IT stocks no longer 5-year buy-and-hold compounding picks, says HSBC

by Amit Mudgill |Jul 2, 2025

HSBC believes the long-term stock return trajectory gradient for IT stocks will not only be lower than in the past, but stocks will also be a lot more cyclical around this mean path. 

Expecting BDL's margin to be flat going ahead, the brokerage advised investors to 'Sell' the stock with a target price of Rs 1,480.

Sell Bharat Dynamics stock; 25% downside ahead, warns Elara Securities

by Amit Mudgill |Jul 2, 2025

BDL shares were trading at Rs 1,963, down 0.88 per cent. Elara's target price suggests a 25 per cent downside over this price. 

InCred Equities noted that every such satellite that goes up will likely carry BEL-made electronics, making BEL a clear winner in this push. 

Defence stocks: HAL, BEL to gain big from SBS-III programme; target prices

by Amit Mudgill |Jul 2, 2025

As for HAL is concerned, the Space-Based Surveillance-III Programme (SBS-III) will significantly increase demand for Indian launch vehicles. Many of the new satellites will be in the small-to-microsat...

Gabriel India: While all approvals are expected within the next 10–12 months, Elara has not yet incorporated them into its estimates. 

From Rs 666 to Rs 1,115! Gabriel India share price target upped by Elara; stock jumps 88% in 7 days

by Amit Mudgill |Jul 2, 2025

Gabriel India climbed 20 per cent upper circuit to hit Rs 1,011.45 level.  This was in addition to 19.99 per cent rise in the previous session. With this, the stock is up 88 per cent in the past seven...

AU Small Finance Bank Ltd, IDFC First Bank Ltd, Bank Of India and Max Financial Services Ltd were some of the BFSI stocks commanding lesser m-cap than HDB Financial Services. 

HDB Financial beats YES Bank, IndusInd Bank in m-cap race as stock soars on listing

by Amit Mudgill |Jul 2, 2025

HDB Financial Services: The newly-listed stock was commanding an m-cap of Rs 69,658.72 crore. This was higher than IndusInd Bank's Rs 66,126.26 crore and YES Bank's Rs 63,672.22 crore m-caps.

IndusInd Bank share: Antique Stock Broking has a 'Hold' rating on the stock with a target price of Rs 880. Kotak has a reduce on the stock. It finds the stock worth Rs 800. 

IndusInd Bank shares tank 3% as Goldman Sachs downgrades stock to 'Sell'; key details

by Amit Mudgill |Jul 2, 2025

Shares of IndusInd Bank fell 3.45 per cent to hit a low of Rs 849 on BSE today. The stock has rebounded 21 per cent in the past one month against 8.24 per cent rise in the BSE Bankex during the same p...

Inox Wind holds a robust order book of approximately 3.2GW. This substantial backlog provides the company with strong revenue visibility for at least the next two years.

Inox Wind trades at steep discount to Suzlon Energy shares; worth a buy?

by Amit Mudgill |Jul 2, 2025

MOFSL's valuation sets a target PE of 25x for FY27 EPS, which is at a 29% discount to its target multiple for Suzlon Energy. Currently, Inox Wind trades at a FY27 PE of 20.5x, marking a 28% discount t...