Big movers on D-Street: What should investors do with Tanla Platforms, YES Bank and Tata Communications?
Stocks that were in focus included names like Tanla Platforms, which rose 4%, YES Bank, which gained 1.76%, and Tata Communications, whose shares declined 3.82% on Friday.
Pushed to (Brick) wall, bond investors dial Sebi
Investors have taken up the matter with Sebi citing uncertainty surrounding the matter following the market regulator’s decision in October 2022 to cancel the certificate of registration given to Brickwork due to certain contraventions and deficiencies, people aware of the developments told ET. Sebi last month revoked the order directing Brickwork to shut down operations.
Early birds report strong Q2 growth
For a sample of 219 companies, aggregate net profit grew 29.8% year-on-year in the September quarter, the most in six quarters. Revenue rose at a four-quarter high of 18%. Revenue and net profit had grown 20.6% and 7.5%, respectively, in the year-ago quarter.
UltraTech Cement’s got the right mix for growth
There are a few reasons why analysts have raised their forecast on the company’s operating profit or earnings before interest, tax, depreciation and amortisation (Ebitda).
Stock pickers sidelined with world events
Individual shares have, of course, reacted to earnings announcements in the week or so since Corporate America started reporting results.
Nifty’s weakness may continue, 19,500 is key support: Analysts
They caution if this support is breached, there is a likelihood that the index could further decline towards the range of 19,000 to 18,900 in the coming weeks. Analysts suggest traders may want to explore potential opportunities in Reliance, HDFC Bank, IndusInd Bank, and Sun Pharma.
Chasing IPO gold, small lenders, finance companies to raise over Rs 6,500 crore
The IPO pipeline of small finance, microfinance and non-banking finance companies worth over ₹6,500 crore is bigger than the amounts raised by them annually in the past five years. At least eight such lenders have filed their draft documents for an IPO with the Securities and Exchange Board of India.
Adani Power close to taking over Coastal Energen for ₹3,440 crore
After two days of intense bidding, Adani Power emerged as the winner late Saturday evening, said two people with knowledge of the matter. Jindal Power, the other bidder in the fray, quit the race, they added. The interest in Coastal Energen, undergoing corporate insolvency, is mainly because it is among a few operational power plants […]
Money managers bet ECB rates haven’t hit a peak
The view clashes with swaps pricing that shows a pause from the ECB virtually baked in this week – and only a 10% chance of a 25 basis-point hike at a subsequent meeting. In the US, swaps show a 40% chance of another quarter-point hike from the Federal Reserve.