Momentum Pick: Up 28% in a year! Will IDFC continue to offer Street-beating returns?
Momentum indicators RSI and MFI are trading in a medium range of 49.1 and 54, respectively which indicates a likelihood of further upside. A number below 30 indicates that the stock is trading in an oversold territory while above 70 is indicative of the stock trading in an overbought zone.
New pricing formula to help city gas distributors expand margins
The Union government has provisionally kept the domestic gas prices unchanged at $8.58 per million British thermal units (mmBtu) while it is considering a potential change in the pricing formula. The current formula is based on the trailing 12-month average prices of the global gas benchmarks of the US, Russia, Europe and Canada. Based on […]
Strong demand for loans helps banks maintain robust credit growth in Q4
HDFC Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh crore in the year-ago quarter. Provisional data also showed that total deposits expanded more than a fifth.