Founded in 2008, Dvara Holdings has been a pioneer in advancing financial inclusion in India, impacting millions of low-income households. The company operates through its not-for-profit arm, Dvara Research, which undertakes rigorous policy research, and Dvara Venture Studio, focused on building strategic commercial institutions that address systemic gaps in financial access. Its mission is to ensure that every individual and enterprise has complete access to financial services through sustainable, long-term solutions.
Orkla India, the parent company of the popular packaged food brand MTR Foods, has announced its initial public offering (IPO) with a price band of ₹695 to ₹730 per share, targeting a valuation of around ₹10,000 cr at the upper end.
Sammaan Capital (ex-Indiabulls Housing Finance) is India’s 3rd largest private housing finance firm. Abu Dhabi’s International Holding Company acquired 43.5% stake for Rs.8,850 cr., strengthening capital. Strong loan portfolio and digital-first operations support sustained growth.
Fund House and Brokerage Highlights
Brokerages maintained a largely neutral to positive stance on HUL, with Jefferies and Goldman Sachs reiterating Buy and targets of Rs 3,050 and Rs 2,850 respectively, citing medium-term growth potential and steady margins despite GST disruptions. Macquarie and MS maintained Neutral/Equal Weight with targets of Rs 3,000 and Rs 2,335, highlighting margin support from the upcoming ice cream demerger. CLSA remained cautious with an Underperform rating and Rs 1,966 target, citing muted near-term growth.
Citi on HUL
• Target Price: ₹3000 (↑ from ₹2900)
• Recommendation: Buy
• View: Strategic vision underpins medium-term growth outlook. Quarterly performance was hit by temporary trade destocking ahead of GST rate cuts. Management estimates a 200 bps growth impact.
*Business Standard*
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New launch pipeline, rental portfolio to boost Oberoi Realty’s FY26 growth
Hyundai India names Sunil Moolchandani as new national sales head
NIFTY OUTLOOK: 25,891.40 FII: -1,165.94 cr DII: 3,893.73 cr
As discussed yesterday, market behaviour remained on the expected lines during the day. Strong buying momentum initially lifted Nifty to an intraday high of 26,104.2, but it failed to sustain at higher levels and slipped towards the day’s low of 25,862.45.
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