IIFL Securities shares tank over 18% after Sebi bars broker from taking new clients for 2 years
IIFL Securities’ shares fell 19% to INR58 ($0.80) after the Securities and Exchange Board of India banned the brokerage firm from taking on new clients for two years, alleging that it violated regulations regarding segregation of client funds, among other things. The regulator also accused IIFL of not implementing its rules adequately over the previous […]
Mankind Pharma draws rush of buy calls on 57% jump since IPO
Investors are scrambling to purchase shares in drug and condom maker, Mankind Pharma Ltd., which has had the most analyst coverage of any new Indian stock in 12 years after its highly successful May IPO. The shares have surged by 57% since being listed, driving its market value above $8bn. The firm has attracted nine […]
Hot Stocks: Brokerage view on Indigo, ICICI Lombard, JB Pharma and Gujarat Gas
Top brokerage firms have released their recommendations on various companies. Morgan Stanley has given an overweight rating to InterGlobe Aviation, while Jefferies has initiated a buy rating on JB Pharma. Furthermore, CLSA has retained its buy rating on ICICI Lombard, and AnandRathi has given a buy rating to Gujarat Gas, alongside maintaining a hold rating […]
At multi-year highs: These 9 stocks gave 5-year breakouts
In the Nifty500 pack, nine stocks crossed their previous 5-year high value at the close on June 19, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
ETMarkets Fund Manager Talk-Growth headwinds notwithstanding, this portfolio manager is most bullish on IT sector
“One year back, we were underweight IT, but now we are most bullish on the IT sector” says Vivek Sharma – Director (strategy) and Head of Investments at Gulaq, a part of Estee Advisors.
Stocks to buy today: RIL, Bank of Baroda among top 7 trading ideas
The Indian market may consolidate today after global cues remained muted, with investors booking profits at record-high levels. The BSE Sensex fell more than 200 points and the Nifty declined by 70 points due to increased volatility. Options data indicated that trading may range from 18,550 to 19,000 zones, but an immediate trading range is […]
Golden Crossovers: M&M among 6 stocks signalling further bullishness
In the Nifty500 pack, six stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on June […]
Big movers on D-Street: What should investors do with Bank of Baroda, Shriram Finance and M&M Finance?
Indian markets ended lower due to a bearish trend in global markets and profit booking. BSE Sensex fell by 216 points, while Nifty declined by 70 points. Among various sectors, FMCG, auto, power and realty fell. Buying was seen in IT, metal and healthcare sector stocks. Bank of Baroda saw a breakout from an ascending […]
ETMarkets Smart Talk: As we inch towards record highs investors should keep an eye on monsoon as well: Anand Dalmia
Firstly, US bond yields have likely reached their peak, and other countries have also paused their rate hike plans, indicating an elevated probability of the rate hike regime peaking out.
Interest compounding pulling down recovery in IBC cases
The addition of penal interest and other charges in stressed accounts have brought down recovery ratios even though recovery of the principal amount has been high.