A 72-year-old Mumbai resident, Bharat Harakchand Shah, has filed a police complaint after discovering that his inherited equity portfoliolong believed to be growinghad allegedly been mismanaged, leading to a sudden demand for 35 crore. The case is now under investigation by Mumbai Polices Economic Offences Wing, with an FIR filed against Globe Capital.
Reliance Industries hit a fresh 52-week high after Jefferies reaffirmed its Buy rating and projected a 14% upside. The brokerage cited strong earnings momentum across retail, O2C, telecom, and FMCG, along with favourable valuations. Upcoming triggers include robust festive demand, JioMart expansion, elevated refining margins, and Jios expected 2026 IPO.
GMDC shares fell after a three-day surge as traders booked profits, following strong gains driven by a government incentive to boost rare earth magnet production. The stock faced short-term technical resistance, though long-term trends remain positive. Profit taking set in after optimism around GMDCs role in Indias strategic minerals push.
