LTIMindtree shares climb 5% post Q2 results. Should you buy, sell or hold?
The company’s board has also approved an interim dividend of Rs 20 per equity share. The record date for the same is fixed as October 27.
HUDCO OFS: After overwhelming institutional bidding, what should retail investors do?
HUDCO OFS opened for retail investors on Thursday. After an overwhelming response from institutional investors, the government decided to exercise the greenshoe option and sell an additional 3.5% stake in the company. The steep discount offered by the government in the OFS triggered a strong response from institutional investors.
Hot Stocks| What should investors do with Bandhan Bank, Bajaj Auto, Wipro, Paytm and IndusInd Bank?
BofA Securities maintained a buy rating on Bandhan Bank with a target price of Rs 300. The asset quality improvements were very gradual.
Decrease in foreign holding paves way for IndusInd Bank’s entry into MSCI index
The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%.
Buy or sell today: Sun Pharma, Tata Motors among top 8 trading ideas
On the weekly options front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19600 and then towards 19500 strikes.
Big movers on D-Street: What should investors do with Ultratech, Maruti and MMTC?
Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped 10% on Wednesday.
Wipro’s challenges as tough as top three, outlook also cloudy
Wipro’s second-quarter performance was significantly below the analysts’ already muted expectations. In addition, the country’s fourth largest software exporter provided a sombre outlook for the next quarter’s top line notwithstanding a sustained momentum in new deal wins.
L&T, ICICI Bank and Infosys lead on ESOPs. Nifty 12 top deck get richer by Rs 8718 crore
Wealth creation was led by L&T and followed by Infosys, ICICI Bank, JSW Steel, Bharti Airtel, ITC, UltraTech Cement, Bajaj Auto, Reliance Industries, UPL, Asian Paints and Dr Reddy’s Laboratories, on the basis of the number of options issued.
L&T Tech falls nearly 6% as earnings estimates cut
“While LTTS’ deal wins have improved, complemented by better margin defence, risks of business cyclicality and weaker working capital cycle (post-SWC) persist,” HDFC Securities said in a note.
IndusInd Q2 profit grows 22% on strong core income growth
“The Indian economy continues to show resilience aided by effective fiscal and monetary actions despite increasing global geo-political uncertainty,” said Sumant Kathpalia, MD , IndusInd Bank. “Economic activity is expected to pick up pace with upcoming festive demand and robust consumption.”