RBI policy outcome expected but what brought bank stocks under pressure?
RBI mandated banks to maintain the ICRR at 10% of the net demand and time liabilities (NDTL) between May 19 and July 28. The Monetary Policy Committee (MPC) of the RBI led by Governor Shaktikanta Das today kept the repo rate unchanged at 6.5% while increasing the inflation estimates for FY24 to 5.4% from an […]
CarTrade Tech shares jump 7% as Q1 PAT soars 300% YoY
The company received 3.4 crore average monthly unique visitors for Q1 FY24, of which 85% were organic, the company filing claimed. The number of listings for auction was 250,103 for Q1 FY24 while the volumes sold via auction was 49,112 during the reporting quarter.
TCS, Crisil among 10 stocks that paid dividends up to 56 times since 2011
A dividend is a share of profits and retained earnings that a company pays out to its shareholders.
RBI Policy: Repo rate left unchanged at 6.50%, but D-Street hit by incremental CRR on banks
While the policy stance was on the expected lines, the RBI’s decision to impose an incremental Cash Reserve Ratio (CRR) of 10% of NDTL on banks dampened Dalal Street’s mood. The incremental CRR has been imposed for May 19-July 28 period, and the RBI will review the same on September 8, Das said, adding that […]
TVS Supply Chain Solutions IPO opens. Should you subscribe?
The initial public offer (IPO) of TVS Supply Chain Solutions has opened for subscription until August 14. Comprising fresh equity of INR 600 crore ($81m) and an offer for sale of INR 280 crore, analysts have given mixed feedback due to its aggressive pricing.
Max Financial Services shares surge 10% on promoter Axis Bank’s stake purchase, Q1 earnings
Max Financial Services also reported its June quarter earnings where the financial services entity reported over 47% year-on-year (YoY) jump in its net profit. The consolidated net profit for the period stood at Rs 101.13 crore which was up Rs 68.48 crore posted by the company in the year-ago period.
Hot Stocks: Brokerages on Trent, Zomato, ZEEL, Avenue Supermarts and Oil India
BofA has a buy view on the Zomato counter for a price target of Rs 110. It sees momentum remaining strong with a clutch of catalysts likely helping the company to further get a re-rating. The platform fee, World Cup and Swiggy IPO re-rating could be the likely triggers. Blinkit shareholder lock in expiry opens […]
At multi-year highs: DRL 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-Shiv Sehgal of Nuvama explains why he calls India’s investment thesis as 5D advantage
Nothing Fitch says is wrong, but nothing it says is new either and there aren’t any real-world implications of the downgrade (as far as covenants being tripped or people not being able to own Treasuries).
ETMarkets Fund Manager Talk- IT, pharma, infrastructure looking immensely promising: Sonam Srivastava
“The IT sector, buoyed by an ever-increasing global reliance on technology, looks primed for more growth. Pharma, on the other hand, is benefiting from the dual boost of a growing domestic market and increased demand for generics,” she said in an interview to ETMarkets.