Hold Bajaj Finserv? Here’s how many shares shall be credited post stock split & bonus issue
If you had one share of Bajaj Finserv, your shareholding in the stock shall increase by (1x5x2) considering a 5:1 stock split and 1:1 bonus shares. For every share held post the split and bonus in Bajaj Finserv, you will own 10 shares and its share price will also reduce by one-tenth to Rs 1700 […]
Hot Stocks: Global brokerages on HDFC Life, Dr Lal PathLabs and Emami
The global investment bank expects Emami’s growth to recover from H2FY23 after a very high base. Margin pressures will persist in the near term, it said. It marginally lowered FY23/24/25 EPS by 2-3 per cent. Emami trades at 26x FY24 earnings ~40 per cent discount to the peers, said the note.
Fed set for another 75-basis-point rate hike; early pivot unlikely: Poll
The shift in expectations for the larger hike has pushed the dollar to a two-decade high against a basket of currencies. The U.S. currency was forecast to extend its dominance for the remainder of this year and into early next.
Trading Guide: 2 stock ideas from experts for up to 11% short-term gains
The most recent price action on LTTS shows the formation of a complex Inverse Head & Shoulder formation. The stock has seen a significant corrective decline from the high point of Rs 5955. The development of this pattern makes it a valid one as it is formed after a significant decline.
Big Movers on D-St: What should investors do with Navin Fluorine, Hindustan Aeronautics and Lemon Tree?
Stocks that were in focus included names like Navin Fluorine which closed with gains of more than 6 per cent, Hindustan Aeronautics closed with gains of over 7 per cent, and Lemon Tree hit a fresh 52-week high closed with gains of over 2 per cent on Monday.
Wall Street posts fourth straight day of gains ahead of CPI report
The Labor Department’s consumer price index (CPI), expected before Tuesday’s opening bell, is this week’s main event, and will be scrutinized for any signs regarding the number and size of future interest rate hikes from the Fed.
Maruti, IHCL, Godrej Consumer are among Jefferies’ top picks
Jefferies said the company’s margins could jump to 31-32% for FY24-25 against 13% in FY22. “During Covid, IHCL has deployed several measures to contain its fixed cost and prune variable costs, and some of these are likely to be permanent.”
Arbitrage funds may be back in favour after facing big pullouts
Arbitrage funds benefit from the price difference between cash and futures market. They earn a spread by buying in the cash market and selling in the futures market. Financial planners point out that many investors who are staggering investments into equities use arbitrage funds as a parking vehicle, due to lower taxation as compared to […]
Sebi seeks review of SC ruling in PC Jewellers insider trading case
Sebi and the Securities Appellate Tribunal (SAT) took the view that the common address could be construed as “preponderance of probability” that price-sensitive information could be shared among parties. However, in April, a two-judge bench of the Supreme Court ruled that both Sebi and SAT had erred since they did not take into account family […]
Defence stocks fly high on strong order books, export potential
Swelling order books from the ministry of defence have caused defence stocks to surge. With comfortable valuations, better outlook on profitability led by a higher indigenization theme, and better operating leverage, analysts are bullish on stocks such as HAL, BEL, Bharat Dynamics, and Garden Reach, among others.