Merger derails 7-year breakout in IDFC First Bank shares. What should traders do?
Under the proposed merger scheme, approved by the two companies, IDFC shareholders will get 155 shares of IDFC First Bank for every 100 shares they hold
Paytm reports 37% YoY rise in GMV in Q1; shares rally 3%
“The total merchant GMV processed through our platform for the quarter (for three months ended June 2023) was Rs 4.05 lakh crore ($49.3 billion), marking a YoY growth of 37%,” Paytm said in a quarterly business update.
Yes Bank Q1 loans & advances rise 7.7% YoY, deposits up 13.5%
Yes Bank said its loans and advances stood at Rs 2,00,308 crore for the quarter ended June 30, 2023. Meanwhile, the deposits grew by 13.5% YoY to Rs 2,19,369 crore in the June quarter from Rs 193,241 crore in the same period last year
Hot Stocks: Brokerage view on IndusInd Bank, Dixon Tech, AU SFB and others
Brokerage firm Jefferies has downgraded Dixon Technologies to ‘Hold’ from ‘Buy’ while raising the price target from Rs 4,350 to Rs 4,550. The global brokerage noted that the current risk-reward appears stretched post a sharp rally in the stock. EMS’s (Electronic Manufacturing Services) order book is influenced by sales budgeting by brand owners. Current weak […]
HDFC Bank Q1 Update: Merged entity’s advances grow 13% YoY to Rs 22,45,000 crore
Gross of transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 20.2% over June 30, 2022, and around 1.9% over March 31, 2023, it informed in an exchange filing.
Golden Crossovers: These 5 stocks signal further bullishness on Jul 5
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.
At multi-year highs: These 5 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.
Positive Breakout: Hindustan Zinc & 6 other stocks cross 200 DMA
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Big Movers on D-Street: What should investors do with Nykaa, Eicher Motors and IDFC First Bank?
Indian stock markets continued their upward trend, with the Sensex reaching a new record high and Nifty breaching the 19,400 mark. However, Nykaa’s stocks fell 2%, Eicher Motors fell 6%, and IDFC First Bank shares declined by almost 4% on Tuesday.
Bajaj Finance offers robust update for Q1, draws brokerage upgrades
Shares of Bajaj Finance rose as high as 8% to post their biggest single-day gain in nearly one year. The stock surged to near two-year high on Tuesday to close at ₹7,868 apiece on the NSE, up 7.3% from the previous close, extending its run of gains to six consecutive sessions.