Big movers on D-Street: What should investors do with Kotak Mahindra Bank, Laurus Labs and Vedanta?
Stocks that were in focus included names like Kotak Mahindra Bank, which rose 1.85%, Laurus Labs, which gained 9.47%, and Vedanta, whose shares declined 3.37% on Monday.
Gold firms as US bond yields slip with focus on Middle East
Spot gold gained 0.2% to $1,974.29 per ounce by 0104 GMT, having declined in the previous two sessions and trading below five-month highs hit last week. U.S. gold futures
FTA likely on track as UK warms to investment pact
India considers an investment treaty with the UK crucial as the latter is among the top investors in the country. In 2022-23, India received $1.74 billion in foreign direct investment (FDI) from the UK, up from $1.65 billion in the previous financial year. Between April 2000 and March 2023, FDI inflows from the UK amounted […]
IGL’s gas volumes, growth may get unplugged
The EV target is to convert 5% of the total fleet to EVs in the next six months. It will reach 50% in three years and 100% in five years. The scheme is applicable to cab aggregators, delivery service providers and e-commerce entities having more than 25 vehicles in their fleet.
Blue Jet Healthcare has niche appeal; review it after listing
The company has a portfolio of 43 commercialised products with long-standing and multi-year contracts with MNCs. Its top five customers contribute 75% of its revenues. It has a production capacity of 1,000 kilolitres across its three plants in Maharashtra with expansion planned to take it to 1,500 kl.
Rupee volatility holds at multi-year lows despite worldwide jitters
Based on multiple gauges, the rupee’s volatility is at multi-year lows. Using spot returns as the benchmark, the unit has outperformed nine Asian currencies, some of which have shed as much as 8% versus the US dollar so far in 2023, Bloomberg data showed.
Key ratio hits 15-year low, signals small-cap rally may pause soon
“When the Sensex to BSE Smallcap index ratio decreases, it indicates that Sensex stocks are poised to outperform in the short term,” said Apurva Sheth, head of market research at Samco Securities. “Conversely, small-cap stocks are expected to outperform when the ratio rises.”
Banks adopt different strategies in deposits race: Jefferies
”With gap between credit growth and deposit growth expanding during the year to 6 percentage points at the peak, banks have been pushed to invest in expanding networks with an objective to boost their deposit mobilisation,” said Prakhar Sharma, analyst at Jefferies. “It is interesting that different banks are adopting different strategies to drive growth […]
Piramal gets premium for Rs 531 crore residual bad loans
The Piramal Group has sold its bad loans worth ₹531 crore to Omkara Asset Reconstruction Co., including properties like a JW Marriott hotel and a Crowne Plaza unit. The deal was done at a premium, resulting in a profit of over ₹700 crore for Piramal. The loans were initially sold to Omkara ARC in a […]
Technical analysts on what could be in store for small-cap shares?
Nifty Smallcap index retreated from a 15-year resistance trend line drawn adjoining 2007-21 high, indicating profi t booking after a 50% rally seen during March-October 2023 amid overbought conditions.