NHAI Investment Trust to raise ₹1,500 crore via bonds
The NHIT had acquired three highway assets from the NHAI in the last week of September. In all it is seeking to raise ₹3,800 crore for this transaction through a mix of bond issuance, private placement, and bank loan during the second tranche of asset monetisation.
Punjab CM Bhagwant Mann announces hike in sugarcane price to Rs 380 per quintal
In August 2021, the then Congress government had announced a Rs 50 per quintal hike in SAP of sugarcane to Rs 360 per quintal. Mann said farmers will get an additional Rs 20 per quintal under SAP of sugarcane as compared to last year. With this decision, the state government will spend an additional Rs […]
Nifty breaks below long-term average! 23 out of 50 stocks trade under 200-DMA
“On the daily chart, the benchmark Nifty has formed a dark cloud cover formation, suggesting a bearish reversal. Besides, the index has fallen below the 200-DMA, which is again a bearish setup,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Nifty stuck in a range! What investors should do on Tuesday
The weekly chart shows that the index has once again moved down to retest its key weekly moving averages. The overall structure shows that the index has stepped into a short term consolidation mode & can see consolidation near 16,800-17,200. The internal structure shows that a move towards the upper end of the range is […]
25% growth , 2% ROA will be IDFC First’s story for a long time: V Vaidyanathan
“Suppose our loan book today is Rs 1 lakh crore. If a balance sheet doubles every three and a half years or so, we should look at Rs 5 lakh crore, Rs 10 lakh crore and Rs 20 lakh crore. This game will never stop, it will definitely go past my lifetime. 25% growth per […]
Credit Suisse, Citi cut 2022 year-end target for S&P 500
“We expect a reversal of spreads and volatility, leading to 1-2x multiple points of rerating through year-end. By contrast, 2023 returns should be driven primarily by earnings growth,” Credit Suisse analyst Jonathan Golub said.Citigroup, on the other hand, expects the index to end 2023 at 3,900 points.
Breakout from inverse head & shoulder pattern could push this pharma stock to fresh highs
The stock saw a vertical move to Rs 330 in August and post that it started consolidating. The recent price action helped the stock to break out of the consolidation range on daily charts since August and from an inverse head and shoulder pattern on the weekly charts.
Vedanta, Maruti among 7 money-making ideas for near term
Domestic equity markets have been struggling to hold the momentum on the back of negative global cues led by rising inflation and recession worries. However, analysts suggest that traders can make money by initiating trades in select stocks on both sides. Based on their recommendations, here are some stocks which can deliver strong returns in […]
Brokerages on Reliance Industries, Delhivery and Infosys
The global investment bank is of the view that margin-led EPS downgrades are likely to continue for the IT sector in Q2. QoQ growth rates should be in line or better than Q1, said the note.
Nykaa board approves 5:1 bonus shares issue; stock surges 8%
The board has fixed November 3, 2022, as the record date for determining investors’ eligibility for the bonus shares.