Similarly, HDFC Bank has one of the best credit underwriting matrices in the system and consistently gained market share over a long period. The stock is trading at 2.2 times of its book value compared with the long-term average of 3.7. Synopsis Mega stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, TCS, Axis … Read more
Shares of cigarette companies have rallied over the past one month, with the three leading cigarette makers ITC, Godfrey Philips and VST Industries hitting record highs. All the three stocks have posted robust returns in the past one year, significantly outperforming the benchmark Sensex, helped by favourable taxation and increase in cost of competing tobacco … Read more
After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more
The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/23952247/HT012_google_0003.jpg)
