Golden Crossovers: Bajaj Finserv among 5 stocks signalling further bullishness
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.
ETMarkets Smart Talk- 2H2023 will be driven by how earnings pan out: Ruchit Mehta
We expect equity returns to be modest as earnings growth will get eaten away by moderation in valuations. 2H2023 will be driven by how earnings are panning out. Rising interest rates remain a challenge.
Big Movers on D-Street: What should investors do with JBM Auto, Angel One and Federal Bank?
Here’s what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today:
Valuations clearly above long-term averages: Shibani Sircar Kurian
And therefore, that is why you are starting to see numbers in terms of the deal wins remaining largely intact. Near term, of course, even in the next quarter, we will possibly have to contend with muted growth outlook. And it is possible maybe towards the second half of the year, the expectation at this […]
JSPL promoters in early talks to raise up to $3 billion
JSPL, part of the OP Jindal group, is one of India’s largest steel producers. According to the latest data, the promoter Jindal family currently owns a 61.2% stake and has increased holdings by 0.8 percentage point since the June quarter last year.
Ongoing rally may take Nifty to 19,800: Analysts
Nifty showed an upside breakout of 19,300- 19,550 levels on Friday and registered a new all-time high at 19,595. A reasonable bull candle formed on daily chart with a minor lower shadow.
Fed open to another rate hike after expected rise this month
Driving the rally: A big drop in inflation last month. Consumer prices rose 3% in June from a year earlier, compared with 4% in May, the Labor Department reported on July 12. That was the smallest increase in more than 24 months and well below the 9.1% surge seen just a year ago.
‘Life Insurers’ premium growth may be muted
In the first quarter of FY24, HDFC Life, SBI Life, and Max Financial Services are projected to achieve year-on-year annual premium equivalent (APE) growth of 15%, 8%, and 8%, respectively, while ICICI Prudential Life is likely to experience a 9% decline in APE on year. According to Motilal Oswal, value of new business (VNB) growth […]
NBFCs’ growth pace to stay strong on loan demand, benign costs
In a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.
Netweb’s public issue offers a unique opportunity in supercomputing space
The company will also raise up to ₹425 crore through an offer for sale by the promoter group whose shareholding will fall to over 75% after the IPO from nearly 98%.