Credit card scheme soon for MSMEs
The government plans to provide short-term credit at low interest rate to MSMEs for their working capital needs to ensure certainty in credit flow amid a slowing global economy. There are 63 million MSMEs in the country, providing 110 million jobs.
Rupee’s worst is likely over, to gain in 2023: HDFC Bank treasurer
The rupee was at 82.85 per dollar on Tuesday, having dropped 11.5% so far in 2022, on course to log its worst yearly decline since 2013
Elin Electronics IPO: Here’s how to check share allotment status and GMP
The Kolkata-based company’s IPO consisted of fresh issue of shares worth up to Rs 175 crore, and an offer for sale by promoter entities and other shareholders worth up to Rs 300 crore
Recovery through IBC to get better as macros look up: RBI
RBI argued that since significant value destruction may have already happened in stressed assets, a comparison of realised value with admitted claims may not be a reasonable indicator of the effectiveness of the resolution process.
Tech View: Nifty charts hint at continuation of Santa Rally. What traders should do on Wednesday
Now, Nifty has to hold above 18081 zones for an up move towards 18250 and 18350 zones, whereas supports are placed at 18018 and 17950 zones, said Chandan Taparia of Motilal Oswal.
Stocks for 2023: Analysts betting on Maruti Suzuki as PV segment seeing best-ever times
Having risen more than 12% year-to-date, shares of the automaker have given double-digit returns for the first time since 2017. Year-to-date, Nifty 50 has gained a little over 5%. The stock remains a bet in the automobile pack for 2023 for most brokerages given the bullish outlook for passenger vehicle demand in the domestic market. […]
Adar Poonawalla-backed multibagger stock can rally up to 25%: Motilal Oswal
With huge growth opportunities for consumer and small business finance, the brokerage said that post-acquisition, PFL’s management has strengthened its foundation notably by investing in technology (aiding infrastructure/processes), distribution and talent.
Metal stocks rally up to 8% amid reports of steel price hike
However, as per Trendlyne data, the highest target price for Jindal Steel goes up to Rs 730, while the average target price estimate is Rs 510, a downside of 10% from the current market price of Rs 109. Out of the 23 analysts covering the stock, 15 have strong buy and buy ratings, two have […]
26 smallcap stocks turned multibagger in 2022. Did you miss the rally?
Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over […]
Zomato stock outlook: Kotak trims target price but retains buy
Earlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competitive activity in the sector as its chief competitor Swiggy has recently seen market share loss.