Ashok Leyland stock likely to sustain the momentum amid volume boost
Ashok Leyland is set to sustain momentum after gaining 25% on bourses for three months due to market share growth. The CV maker, India’s second largest, expanded its operations in North and Central India, saw its market share rise in several segments and grew its outlet network. Ashok Leyland plans to gain 35% of its […]
Investors keen on HMA Agro must look at post-listing trends before taking a call
HMA Agro was incorporated in 2008, but the promoter family has been involved in the meat business for over four decades. It is a three-star export house with processing units in four states – Uttar Pradesh, Punjab, Haryana and Maharashtra and a capacity of over 400,000 tonnes per annum.
Jindal Steel & Power stock likely to double in 3 years: Kotak Institutional Equities
The brokerage has projected the stock to touch ₹1,088 by FY27, implying a compounded annual growth rate of around 26%. It has also upgraded the rating on Jindal Steel to a ‘buy’ from ‘reduce’ earlier. The stock rose 5.7% to ₹575.35 on Monday.
Rain delay unlikely to hit agrochemical companies hard this time around
Besides the two leaders cited above, PI Industries, Aarti In.dustries, Sumitomo Chemicals, and Coromandel International are some of the preferred picks of analysts in the space. The monsoon onset has been delayed due to Cyclone Biporjoy, resulting in deficient rainfall in June. According to the IMD, the Northwest and some parts of central India will […]
Borrowing cost hardens with surge in state bond issuances
Since April 1, state governments have raised ₹1.4 lakh crore through the sale of bonds as against ₹84,240 crore in the same period in the previous financial year, the RBI data showed. On a gross basis, sales of state government bonds were anyway set to outstrip the previous year issuance due to larger redemptions lined […]
Abrdn Investment Management set to exit HDFC AMC
Abrdn Investment Management, formerly known as Standard Life, plans to sell its entire 10.2% stake in HDFC Asset Management Company in an open market transaction. The sale of 2.18 crore shares will be priced between Rs 1,800 and Rs 1,892.45 per unit, with an expected value of Rs 3,920 crore.
HDFC mega merger: What does it mean for the mortgage lender’s customers
The merger of HDFC Bank and HDFC Ltd will have an impact on the deposit holders of HDFC Ltd. The bank is likely to offer deposit holders of the mortgage company the option to either withdraw their funds or renew deposits at the interest rate being offered at that time. Interest rates are unlikely to […]
Sebi bars IIFL Securities from taking any new clients for 2 years
The regulator alleged that IIFL has not implemented Sebi rules framed in 1993 in its true spirit by 25 years. It has also continuously been found involved in unauthorized use of credit clients’ funds for the purpose of meeting the obligations arising out of its proprietary trades and the trades of debit balance clients.
NSE IX unveils new brand identity of GIFT Nifty
The strategic initiative between NSE IX and SGX enables Gift Nifty orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and settlement through SGX Derivatives Clearing.