The Indian life insurance sector is on the cusp of significant growth, driven by a series of regulatory changes that are now providing more clarity and stability. Over the past few years, the industry has faced numerous challenges, such as new taxation rules on ULIPs and non-linked products, as well as revised surrender charges. While … Read more
Shares of Premier Energies have skyrocketed 181% since their stock market debut, rising from their initial public offering (IPO) price of Rs 450, the stock is fueled by the positive investor sentiment on the growth prospects of the company. The company’s shares had surged another 5% in the intraday session, reaching a new all-time high … Read more
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
Equity markets reacted harshly to the hike in capital gains tax on Tuesday, but erased all the losses in the end. In today’s trade, shares of L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer among others will be in focus due to various news developments or quarterly earnings. L&T, Axis Bank, Bajaj Finserv, SBI Life … Read more
Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … Read more
“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more
Indian market is expected to open higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in … Read more
State owned Union Bank of India has raised Rs 3000 crore through a qualified institutional placement (QIP) allowing the bank to deepen its capital and also reduce its government holding below the regulatory ceiling of 75%, multiple people aware of the details said. Demand was ten times the amount required as large local and overseas … Read more
Power Grid Corporation of India. Share Price 287.90 03:59 PM | 20 Feb 2024 11.55(4.18%) HDFC Bank. Share Price 1454.30 04:00 PM | 20 Feb 2024 37.21(2.63%) Axis Bank. Share Price 1088.60 03:59 PM | 20 Feb 2024 25.65(2.42%) NTPC. Share Price 345.70 03:59 PM | 20 Feb 2024 6.95(2.06%) Kotak Mahindra Bank. Share Price … Read more
Brokerage Nomura maintained a neutral rating on IOC while CLSA retained buy calls on SBI Life and Dalmia Bharat. Macquarie retained an outperform rating on HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on HDFC Bank: Outperform| Target Rs 2075 Macquarie maintained an outperform … Read more
