Apax Partners sells 4.3% stake in Shriram Finance, 4 global funds pick stake
The private equity firm sold 1,59,93,734 shares on the BSE at Rs 1,300 apiece, aggregating to Rs 2,079 crore, bulk deals data showed
Tech View: Doji candle on Nifty weekly charts shows tug-of-war. What traders should do next week
For the last few weeks, the index is trading above the 20-WMA, which has resulted in a triangle pattern formation on the daily chart. After a recent base formation near the lower end of the pattern, Nifty witnessed smart recovery on January 13. Going ahead, 18,000-18,050 will be the key area beyond which the index […]
Wipro attrition rate moderates for 4th quarter to 21.2%
Voluntary attrition moderated 180 bps from the previous quarter, landing at 21.2% for the trailing 12 months for the quarter,” Wipro said in its earnings release. This was the fourth quarter where the attrition rate has moderated
L&T Tech shares tumble over 6%. Here’s why
The company has signed an agreement with parent Larsen & Toubro to acquire its Smart World & Communication business for Rs 800 crore
A low-rated Indian company is set to sell rupee bonds in a rare move
Investors in India’s credit market turned bullish as corporate credit worries faded after companies took advantage of easy liquidity during the pandemic to clean up their balance sheets. Even the bad-loan ratio of Indian banks is at seven-year low following steps to clean up what was once the world’s worst debt pile.
Have HCL Tech in your portfolio? Here’s what investors should do post Q3 results
In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a buy rating on the sock with a revised target price of Rs 1,210, valuing the stock at an unrevised P/E multiple of 17x FY25E earnings.
Death Crossovers: These 4 stocks signal further bearishness
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At multi-year highs: These 7 stocks gave 5-year breakouts
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Hot Stocks: Brokerages on Maruti Suzuki, Infosys, HCL Technologies and SBI Life
Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.
Potential for PVR-INOX valuation to move up by 25% to 30% from current levels: Karan Taurani
I think the revenue potential assuming all the synergies what we have assumed right now is a revenue base of almost about Rs 7200 to Rs 7500 crore and in terms of the EBITDA margin rather or in terms of base profitability we have assumed an EBITDA margin of at least about 20% odd.