Federal Bank arm Fedbank Financial files draft papers with SEBI for IPO
The IPO comprises a fresh issue of Rs 750 crore and an offer for sale (OFS) aggregating up to 7.03 crore equity shares by the promoter and other selling shareholders.
FIIs vs MFs: How the big boys are dealing with Paytm & other new-age stocks
An analysis of the latest shareholding pattern of the new-age companies shows that domestic fund houses increased their ownership in Nykaa by 336 bps to 8.5% in Q1. The stock of the fashion and lifestyle e-tailer has been among the worst performers in the pack of new-age stocks and is down by about 39% in […]
Bajaj Finance shares jump 2% on Q1 earnings. How to trade it now?
Kotak retained a ‘Reduce’ stance on the counter and estimates the fair value at Rs 6,800. Bajaj Finance reported a strong quarter, buoyed by AUM growth, with sales finance (consumer durable loans), two-wheeler and commercial loans being the largest drivers. As such, momentum may remain strong at 27% YoY for the rest of the year, […]
Axis Bank hits 52-week high post Q1 earnings. Should you buy?
Axis Bank reported a standalone net profit of Rs 5,797.10 crore for the quarter ended June 2023, up 40% year-on-year (YoY) over Rs 4,125.26 crore profit reported by the company in the corresponding period of the last financial year. An ET NOW poll of analysts had anticipated the profit figure at Rs 6,000 crore.
Hot Stocks: Brokerages on Cipla, Axis Bank, Dr Reddy’s, Tech Mahindra and Colgate
Jefferies upgraded Cipla to buy with a target price of Rs 1210. The US performance leads to the beat in Q1 results. The management commentary provides a positive read-through.
Stocks to buy today: SBI, IDFC among top 9 trading ideas
On the monthly options front, the maximum Call OI is placed at 19800 and then towards 20,000 strikes while the maximum Put OI is placed at 19700 and then towards 19600 strikes. Minor Call writing is seen at 19900 and then towards 19850 strikes while Put writing is seen at 19750 and then towards 19650 […]
At multi-year highs: BHEL, L&T among 5 stocks witnessing 5-year swing high breakouts
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.
ETMarkets Smart Talk: Markets near record highs! Adopt a staggered approach while making new equity purchases: Sahil Kapoor
The Nifty index is now trading at more than 22.5 times its trailing earnings. Given this situation, it might be prudent to adopt a staggered approach when making new equity purchases and consider waiting for potential corrections to add to our equity exposure.
Big Movers on D-Street: What should investors do with RBL Bank, Piramal Ent, and L&T?
Stocks that were in focus include names like RBL Bank, which rose 7.21%, Piramal Enterprises, which gained 7.67%, and L&T, whose shares rose 3.56% on Wednesday.
M&M looking to own nearly 10% in RBL Bank
Mahindra’s disclosure comes amid evident regulatory caution over banking ownership by business houses. The Reserve Bank of India (RBI) abandoned a proposal that would have permitted business houses to eventually own banks after public resentment against an internal working group suggestion in favour of allowing such ownership. The Mahindra Group already owns a non-banking finance […]