Prime Focus shares have surged, hitting their upper circuit for the third consecutive session, fueled by investments from marquee investors like Ramesh Damani and Singularity AMC. The media company, known for its VFX work on the upcoming film Ramayana, has seen a 33% increase in stock value in the last three trading sessions.
MosChip Technologies shares tumbled 10% on Tuesday following a 59% rally in seven sessions, driven by Indias semiconductor push and strong volumes. While technical indicators suggest overbought conditions, analysts say long-term investors can consider using short-term dips to build positions in the high-growth stock.
Bitcoin is trading steadily near $112K, while Ethereum hovers around $4.3K, buoyed by hopes of U.S. rate cuts and institutional buying. Analysts suggest September is a crucial month for crypto, with the SEC easing compliance and Nasdaq exploring tokenized securities. Market sentiment balances optimism with caution amid tightening regulations and ongoing innovation.
Morgan Stanley is optimistic about Aditya Birla Group's retail ventures, initiating coverage on Aditya Birla Lifestyle Brands Ltd (ABLBL) with an "Overweight" rating, projecting a 23% upside. Simultaneously, Aditya Birla Fashion and Retail Ltd (ABFRL) was upgraded to "Overweight," anticipating a 53% potential increase. This upgrade is due to improved profitability.
Seven & i Holdings plans a major U.S. expansion. The company will invest billions to upgrade 7-Eleven stores. Focus is on high-quality, Japanese-style fresh food. This includes the popular egg salad sandwiches. Stephen Dacus aims to replicate Japan's convenience store success. The move follows a failed takeover bid. The company seeks growth in a competitive U.S. market.
President Tokayev of Kazakhstan has proposed optimizing the National Fund, fostering a digital asset ecosystem, and attracting high-tech capital. He emphasised the need for strategic crypto reserves, a Ministry of AI, and a digital 'smart city' named Alatau-City. Furthermore, Tokayev suggested a 2027 referendum on transitioning to a unicameral parliament to streamline governance.
Nepal Protests News: Protests in Nepal, initially sparked by a social media ban affecting platforms like Facebook and WhatsApp, have escalated, resulting in 18 deaths and over 200 injuries. While the government cites tax and registration issues, deeper frustrations over corruption, nepotism, economic inequality, and a jobs crisis are fueling the unrest.
President Xi Jinping conveyed to Kim Jong Un China's readiness to strengthen strategic communication with North Korea, marking the nation's 77th anniversary. Xi expressed China's commitment to close cooperation with North Korea for the sake of global and regional peace and development. Kim recently joined Xi and Putin in Beijing for a significant military parade.
