JM Financial Services

stock recommendations: 2 top stock recommendations from Soni Patnaik for near term

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stock recommendations: 2 top stock recommendations from Soni Patnaik for near term

“I think this is going to be the overall range for the next two to three days, that is the 23,000 between and 23,500 on the higher side,” says Soni Patnaik, JM Financial Services.What is your understanding of the market mood right now? We scaled a fresh record high. Are we headed to 23,500 now? … Read more

RBI: Worries build up over RBI strictures on infra financing

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RBI: Worries build up over RBI strictures on infra financing

Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India’s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more