Three investors sold 1.84% of Groww shares worth 2457 crore rupees in block deals

DLF Limited, the largest market capitalization real estate company in India, and Singaporean investment manager Everstone Group have signed a binding and exclusive memorandum of understanding to create a joint venture (JV). The JV aims to invest in IREO Private Limited and other group companies in India.

According to the agreement dated November 6, 2026, DLF plans to invest approximately 375 billion rupees to gain a controlling stake in the JV. Ashok Kumar Tyagi, Managing Director of DLF, stated that he is pleased with the collaboration with Everstone Group, as combining strong industry experience with global investment opportunities will help unlock the growth potential of IREO India companies.

The parties also entered into a separate binding and exclusive memorandum of understanding with IREO Funds on the same date. Under this arrangement, the JV intends to acquire at least 20 percent of the shares in IREO India companies, as well as obtain certain management rights.

The total economic interest of the JV in these companies, including contractual and other interests, will amount to about 40 percent, with the remaining stake belonging to IREO Funds. The companies reported that this deal opens up opportunities for project implementation in Delhi, Gurgaon, and other regions.

After the transaction is completed, IREO India companies will be managed by a strong, independent team of executives who will implement the agreed business plan within a robust governance system under the guidance of DLF and Everstone. The main objective, according to the statement, is to restore momentum and build a stronger business. The statement does not specify whether the proposed projects will be residential or commercial.

The transaction remains subject to standard closing conditions, including satisfactory completion of due diligence, corporate, regulatory, and third-party approvals, as well as the signing of final agreements. Closing is expected within 2027.

Samir Jain, Co-founder and CEO of Everstone Group, noted that partnering with DLF is a privilege for them, especially given their vast market capabilities which they understand well. He added that, in accordance with their fiduciary duties, they strive to work diligently and create significant value for IREO Funds investors.

Previously, DLF collaborated with Hines, based in the USA, to develop commercial projects through a joint venture. However, this partnership with Everstone involves investing in existing land-owning companies with development potential, rather than co-developing a specific project.

The stock market witnessed a powerful surge in activity on Monday, and one of the main reasons for this was the performance of Reliance Industries shares, the country's largest company, whose stocks are showing significant growth and generating profits for investors.

Reliance shares rose by more than 7%, and investors who invested in Mukesh Ambani's company in just a few minutes earned over 100 billion rupees.

Reliance Industries shares, owned by Mukesh Ambani, began moving at a rocket-like speed on the first working day of the week. According to the updated RIL Stock Price, on Friday when the market closed last week, the shares were trading at 1164.90 rupees, and on Monday they opened with a sharp jump to 1228 rupees. Shortly after opening, trading reached the mark of 1252 rupees.

Regarding the increase in investor capital due to this sharp rise in Reliance shares, it should be noted that the company's capitalization (RIL Market Cap) at the time of closing last Friday was 15.74 trillion rupees. By the time the news was published on Monday, it had reached 16.97 trillion rupees. Thus, in a short period of trading, investors gained a substantial profit of 1.18 trillion rupees.

The main reason for the sudden and strong rise in Reliance shares is the impressive financial results of the company for the second quarter of the fiscal year 27. During the period from July to September, the company demonstrated excellent performance thanks to growth in the petrochemical (O2C), digital services, and retail segments. Reliance's consolidated revenue grew by 28% year-on-year, reaching a record 3.62 trillion rupees, and the EBITDA indicator increased by 24%, amounting to 62,409 crore rupees. Reliance's net profit increased by 34%, reaching 29,550 crore rupees.

The second reason is the positive forecast from brokerage houses following the announcement of Reliance Industries' strong financial results. These brokers maintained a 'Buy' rating (Reliance Share Buy Rating) for Reliance shares. More than a dozen brokers, including Goldman Sachs, Citi, Jefferies, and Nomura, predict good growth for RIL shares over the next 12 months. Goldman Sachs set a target price for RIL at 1840 rupees, suggesting a potential growth of 58%.

There are many stocks in the stock market that bring huge profits to their investors. Some of these multibagger stocks have enriched long-term investors, while others have become real money machines for investors in a very short time.

One such little-known asset is the stock of JTL Defence, which belongs to the defense sector. In one year, the price of this stock has grown from 7 rupees to over 570 rupees.

The price indicators of JTL Defence stock allow for an easy assessment of how profitable this asset has been for investors. Just a year ago, on October 27, 2025, the value of one JTL share traded for only 7.14 rupees. However, on the last working day of last week, despite hitting the lower price level, it closed at 583.10 rupees, and on Monday it opened and dropped to 571 rupees. The maximum price of the stock over the last 52 weeks reached 924 rupees.

Based on the changes in the price of JTL Defence stock over the year, investors achieved an impressive multiple return of 8066 percent. If an investor had invested 100 thousand rupees in the company's shares at a price of 7 rupees and held that position, their funds would have increased to 8,166,000 rupees.

The company belongs to the small-cap segment, and its market capitalization is 613.79 crore rupees. Nevertheless, the stock proved capable of making investors wealthy. In just six months, the price of JTL Defence stock grew by 151 percent, meaning that investors' invested funds more than doubled during this period.

It should be noted that JTL Defence Limited was previously known as RCI Industries & Technologies Limited. The company changed its name in April of this year. JTL Defence Limited is engaged in the production of products made from copper, brass, and other special metals. This product is used in the defense, electrical, automotive, electronic, and industrial sectors.