Will Nifty cross 25,000 this week? Fed meeting & 5 other factors to watch out for Driven by positive US GDP data, expectations of improved global demand and unflinching faith of domestic investors, the stock market has recovered all its post-Budget losses to leave many market veterans surprised. Given Friday’s momentum, Sensex looks poised to … Read more
Top private sector lender ICICI Bank on Saturday reported that its June quarter standalone profit after tax grew by 14.6% year-on-year (YoY) to Rs 11,059 crore while the net interest income (NII) rose 7.3% YoY to Rs 19,553 crore. The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and … Read more
The first quarter earnings season is underway and as many as 34 companies will announce their results on Saturday. Key results to watch out include that of ICICI Bank, REC, Dr Reddy’s Labs and IDFC First Bank. Apart from the above, Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, … Read more
Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more
Even as banks and other financial stocks dragged Sensex and Nifty down following a hike in capital gains tax in Budget, smallcaps and midcaps continued to rally as if nothing changed in the Finance Bill. Sensex was down around 600 points as heavyweights HDFC Bank, ICICI Bank, Axis Bank and Bajaj twins led the downside … Read more
Indian Railway Finance Corporation Share Price 205.6 02:58 PM | 22 Jul 2024 -0.18(-0.09%) One97 Communications Share Price 454.6 02:58 PM | 22 Jul 2024 -4.15(-0.91%) YES Bank Share Price 25.68 02:58 PM | 22 Jul 2024 0.92(3.68%) ITC Share Price 467.15 02:58 PM | 22 Jul 2024 -7.41(-1.56%) HDFC Bank Share Price 1635.4 02:58 … Read more
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its … Read more
Shares of Life Insurance Corp have delivered the highest returns among the top 10 companies by market capitalisation in the last one year period. The insurer, which is the only non-Sensex stock in this list, gained about 74% during the reporting period. LIC comfortably beat Reliance Industries Ltd (RIL) as the latter rallied only just … Read more
Brokerage firms such as Jefferies have maintained a ‘buy’ call on Reliance, while Investec and Morgan Stanley have a ‘buy’ and ‘overweight’ call on M&M, respectively. Axis Capital has downgraded ICICI Bank to ‘add’ from ‘buy’, while Ambuja Cements received a double upgrade from Nomura. Morgan Stanley has maintained an ‘overweight’ call on IndiGo. We … Read more
“We see good opportunities in the pharma space, especially pharma generic exporter companies which have not performed well for many years. I think there are opportunities in the less popular sectors where money can be made over the next two to three years,” says Abhay Agarwal, Piper Serica.Which stocks are you probably going to keep … Read more
