IDFC First Bank shares fall 5% post Q2 earnings. Motilal Oswal downgrades stock
Brokerage Motilal Oswal downgraded the stock to neutral with a revised target price of Rs 95 following its September quarter earnings on Saturday. IDFC First Bank stock has delivered a 60% return since it initiated coverage in October 2022. “Post sharp outperformance over the past one year the stock now offers a limited upside to […]
Cello World IPO opens. Should you subscribe to the issue?
Cello World IPO is completely an offer for sale worth Rs 1,900 crore. Net proceeds from the IPO will entirely go to the selling shareholders. Most analysts advised investors to subscribe to the IPO over the company’s strong brand identity and diverse product portfolio across different categories. Cello World’s business is broadly divided into two […]
SBI Card shares tank over 7% post Q2 results. Should you buy, sell or hold?
The company reported a 15% increase in its net profit for Q2FY24 at Rs 603 crore from Rs 526 crore in the year-ago quarter. The interest income grew 28% to Rs 1,902 crore, while income from other sources jumped 21% to Rs 2,186 crore.
Hot Stocks: Brokerage view on RIL, Cipla, Maruti Suzuki and Indian Hotels
The September quarter results were in line with estimates. Following RIL’s underperformance YTD, it raised the rating to neutral.
Demat securities made must for big unlisted private companies
“It is a matter of common knowledge that in the case of private companies, it is not rare that the shares of the company are registered in the name of persons who are not traceable, do not have valid PAN or similar identification numbers, or remain unidentified,” said Payal Agarwal of Vinod Kothari Consultants. “Historically, […]
Nifty may see modest rebound, support at 18,888: Analysts
Stocks such as Persistent, Axis Bank, TCS, RIL, SBI Cards, Birla Soft, Canara Bank, Coal India, Bajaj Auto, TVS Motors, Indigo, and Tata Motors can be bought for trading purposes, analysts said.
Now trending in market: GenZ and Geography
One is the increased participation of the younger generation, while the other pertains to account additions from areas that have not historically participated in the equities boom.
Euroclear settlements could widen demand for Indian government bonds
This could significantly widen overseas ownership of Indian government debt, which now will also be included in the globally tracked JPMorgan index.
Power stocks get a shock as FPIs pull out $1.42 billion
Overseas funds pulled out $1.42 billion (₹12,000 crore) from power stocks between September 1 and October 15 – the highest among all sectors. These made up nearly half the total FPI outflow in this period, data from NSDL showed.
Diamond houses hope to cut through slump in next four months
The trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year, is in touch with global mining giants like DeBeers for marketing assistance after putting a temporary ban on imports.