Poonawalla Fincorp to sell housing fin arm to TPG Global
The sale of the business is expected to enhance shareholders’ value in the long term, as Poonawalla Fincorp focusses on building a tech-led and digital-first financial services company
US stocks edge lower ahead of Fed decision
The Dow Jones Industrial Average fell 22.57 points, or 0.07%, at the open to 34,086.07
Nifty forms doji candle. What traders should do on Thursday
“Nifty is now placed at the crucial resistance of 18,650 level and is not showing any strength to surpass the hurdle decisively. A sustainable up move from here could confirm an upside breakout of the resistance and any failure is likely to result in minor downward correction ahead,” said Nagaraj Shetti of HDFC Securities.
Abans Holdings IPO subscribed 42% on Day 3, QIB quota booked more than twice
“We find Abans being one of the beneficiaries of the government reforms,” said the brokerage. “Moreover, despite the shocks in the past such as the pandemic and current geopolitical situation, Abans Holding was able to grow at PAT levels in the last two years.” The company operates in a highly competitive environment and a crowded […]
Two-day Finbridge Expo to be held in Mumbai on December 17-18
Catering exclusively to the financial services & technology industry, Finbridge Expo has become a mainstream platform for many financial service providers to showcase their products and services. The event would be held from December 17-18 at Nehru Centre, Worli, Mumbai from 17th – 18th December.
Deadline for submission of bids for IDBI Bank sale extended till January 7
In a notice, the Department of Investment and Public Asset Management (DIPAM) said the last date for submission of EoI is January 7, 2023, instead of December 16, 2022.
This PSU bank stock doubles in just one month. What’s driving the rally?
Morgan Stanley analysts said PSU banks should see relatively higher margin expansion compared to many private banks over F22-F24, reflecting a higher starting point of liquidity, sharp moderation in NPA formation, reducing interest income reversals and lower share of wholesale deposits relative to select private banks.
We continue to remain overweight on the cement sector: Hemang Jani
I am a little worried with the kind of momentum we are seeing with smaller bank stocks be it PSU banks, Yes Bank and many other midcap infra companies.
Hot Stocks: Global brokerage view on Yes Bank, InterGlobe Aviation and Paytm
Credit Suisse maintained an outperform rating on InterGlobe Aviation with a target price of Rs 2350 on the back of strong plane addition in Q3, particularly 321 NEO. Indigo is leveraging the robust demand environment, it said. The global brokerage firm is of the view that a combination of higher yield and lower costs may […]
Stocks to buy today: 8 short-term trading ideas by experts for 14 December 2022
S&P BSE Sensex closed with gains of over 400 points while Nifty50 reclaimed 18,600 levels on Tuesday.