India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
HDFC Bank and ICICI Bank- two of the country’s largest private banks – have jointly floated a company to promote the residential mortgage-backed securities market. The two private banks have acquired a 7% stake each in a newly formed company – RMBS Development Company Limited (RDCL), said a stock exchange notice issued by them separately … Read more
Indian government bond yields extended their decline on Friday, tracking moves in U.S. Treasury yields, a day after the federal budget’s tepid targets triggered aggressive debt purchases. India’s benchmark 10-year yield was at 7.0265% as of 10:30 a.m. IST, following its previous close at 7.0583%. Thursday’s close was the lowest since July 18 and the … Read more
Sandip Sabharwal, asksandipsabharwal.com, holds ICICI Bank and will continue to hold as the biggest holder. He has Axis Bank where the investors have got concerned in the short term because of the slow growth prediction which they have given for the industry, which is prudent. Ex of that, he is not holding any other banking … Read more
Adani Ports & Special Economic Zone. Share Price 1146.30 03:59 PM | 25 Jan 2024 25.71(2.30%) NTPC. Share Price 314.75 03:59 PM | 25 Jan 2024 5.90(1.92%) Coal India. Share Price 389.40 03:59 PM | 25 Jan 2024 6.80(1.78%) IndusInd Bank. Share Price 1512.00 03:57 PM | 25 Jan 2024 21.16(1.42%) ICICI Bank. Share Price … Read more
ICICI Bank shares jumped 5% and hit their 52-week high of Rs 1,059.40 on the NSE on Tuesday after the second-largest private lender reported December quarter earnings which were better than Street’s estimates. Top brokerages including Jefferies, Kotak Institutional Equities and Nuvama retained their buy rating on the stocks. ICICI Bank on Saturday reported a … Read more
Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ICICI Bank: … Read more
Half a dozen banks reported higher quarterly net profit Saturday, as growth in retail loans, increased non-interest income and a fall in provisions more than offset the impact of increasing cost of funds that weighed on their net interest margins (NIMs). ICICI Bank, the largest of the six lenders, reported a 24% rise in net … Read more
Mumbai: The Ahmedabad bench of the National Company Law Tribunal has cleared ICICI Bank’s proposed scheme of arrangements with ICICI Securities and directed it to conduct an extraordinary general meeting (EGM) on March 27 to seek approval from shareholders. The bank, in an exchange filing on Thursday, said it had received an order from the … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
