Stating that the outlook for the sector looks strong ahead, domestic brokerage firm Motilal Oswal has picked LIC, HDFC Life, SBI Life, ICICI Prudential Life and Max Financial Services as its top choices with an upside potential of up to 25%. The life insurance sector has experienced a series of regulatory and taxation changes (ULIP … Read more
Zydus Lifesciences shares fell up to 6% on Monday to day’s low at Rs 1,109 on BSE after the company announced acquisition of 50% stake in Sterling Biotech from existing owner Perfect Day for Rs 550 crore. Nomura maintained its neutral stance with a target price of Rs 1,020 while Motilal Oswal also stuck to … Read more
The first quarter earnings season is underway and as many as 98 companies will announce their earnings on Friday. Key results to watch out include that of Titan, Hindustan Zinc and Delhivery. Apart from the above, companies like Britannia, Aeroflex Industries, IDFC, Infibeam Avenues, Ion Exchange, LIC Housing Finance, Lloyds Enterprises, NIIT, Samhi Hotels, Saregama … Read more
HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday’s trade on BSE after the country’s top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was … Read more
India Inc had a strong end to the last fiscal year 2023-24 with profitability in the fourth quarter beating most analysts’ estimates. Sectors such as autos, industrials and PSU banks posted a strong quarter, whereas earnings of consumers and exporters were weak. ETMarkets analysed the results of BSE500 companies in FY24 and found that about … Read more
Post a dramatic wave of volatility, India VIX has now cooled off and the investors have readjusted to all the sentiments that were out during the last two weeks. The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on … Read more
Railway shares have tumbled up to 33% in the last two days as a narrow win for Prime Minister Narendra Modi’s alliance raised concerns about policy continuity. Shares of Titagarh Rail Systems tumbled nearly 33%, while Ircon International declined by over 26%. Meanwhile, RailTel Corporation and IRCTC also fell by over 19% in the past … Read more
“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points intraday cannot be ruled out,” says Chandan Taparia, Motilal Oswal.What is the positioning right now? From last hour of trade yesterday, which saw panic, we … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
Brokerages increased target prices up to Rs 180 for the auto components maker Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company’s total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 … Read more
