Work generated under NREGS rises in September after 3-month fall
As per data from the website of the rural development ministry, 14.2 million households got work under the Mahatma Gandhi National Rural Employment Guarantee scheme in September, a 3.6% increase from August. The person days of work generated at 175.7 million were 5.08% higher than the previous month.
Piramal Pharma to debut on bourses on Wednesday
Last Thursday, the company said it has received Sebi’s go-ahead to list its equity shares on domestic stock exchanges
Predatory pricing – it worked for telecom, so why not cement?
Cement is a beautiful business – one with regional flavours, many moving parts, clean balance sheets and where many companies make decent money
HDFC’s exit from Nifty may pave way for one of these stocks
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Electronics Mart India: Should you book profits after stellar debut or hold it for long-run?
Shares of Electronics Mart India jumped to Rs 91 before dropping to Rs 83.25 on BSE, its intra-day lows till 11.45 am. Market analysts remain divided about any immediate move over the listing price. They unanimously suggest to avoid making a fresh entry on the counter.
Risk-reward not compelling , ICICI Securities gives ‘hold’ on Zomato
Amid uncertainties about the Blinkit merger and its likely impact on the food aggregators’ profitability, the brokerage has given such a rating to the new-age stock
Chart Check: 50% up from June lows, this stock broking firm could retest 52-week high in 1-2 months
The stock also recorded a breakout from the neckline of a head and shoulder pattern on the weekly charts which augers well for the bulls. This is the second breakout from the said pattern since September.
Time to book out of Tata Elxsi & Avenue Supermarts? Sandip Sabharwal answers
“The Avenue Supermarts stock has held up because many of the funds, PMSs, Mutual Funds who hold the stock do not sell and to that extent, the stock sustains. But I do not think such valuations can sustain. The 20-25% growth stocks trading at 100-110 valuation will never sustain. In the next couple of years’ […]
Hot Stocks: Global brokerages on ICICI Prudential, D-Mart, Tata Elxsi, Federal Bank and Shree Cement
Rating on ICICI Prudential, JPMorgan remained underweight on D-Mart and Tata Elxsi, BofA Securities maintained its buy rating on Federal Bank and Citigroup maintained sell call on Shree Cement.
Is HDFC Bank stock nearing the end of its underperformance spell? Here’s the Street view
With HDFC Bank’s multiple 30% lower than in the past, improving core PPOP growth and a good start to its deposit mobilisation journey, we believe it is at the end of its underperformance period,” global brokerage firm CLSA said.While the ramp-up in deposit mobilisation will remain a steep task, its current standalone valuation at 2.4x […]