TVS Motor shares hit 52-week high on Q2 earnings. Should you buy?
The brokerage remains optimistic about the company’s growth prospects in light of improving 2W demand in the country.
Big movers on D-Street: What should investors do with ZEE, SBI Card and IDFC First Bank?
Stocks that were in focus included names like ZEE, which rose 0.06%, SBI Card, which declined 5.05%, and IDFC First Bank, whose shares dropped 3.08% on Monday.
Tracking benchmarks? Please read broader market carefully
Many stocks from cyclical and emerging sectors have run way ahead of their revenue and earnings visibility and are witnessing a reversion to mean, said analysts.
AU SFB set to acquire Fincare Small Finance Bank in all-share deal
The shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for every 2,000 shares held. The merger would be effective from February 1, 2024, according to a regulatory filing to stock exchanges late Sunday
Fall in call money trades may limit RBI rate move impact
The value of trades in the interbank call money market, which helps lubricate the financial system and is the operating target of the RBI’s monetary policy, has shrunk nearly 40% in the past four years, official data showed. Meanwhile, trades in the two other money market segments – market repos and tri-party repos – have […]
Muthoot Microfin, Flair Writing and Happy Forgings get Sebi nod for IPOs
Happy Forgings’ IPO will comprise a fresh issue of ₹500 crore and an offer for sale (OFS) of up to 8.05 million shares. The Ludhiana-based company is an engineering-led manufacturer of high-precision machined components.
Torrent Pharma price targets up, point to 12% upside
The average price target of brokerages compiled by Bloomberg is ₹2,159, implying an upside of 12% from Monday’s closing.
Mamaearth may see itself as a thing of beauty; it’s not so for investors yet
Incidentally, most of the blockbuster unicorns that got listed during the Covid-19 pandemic such as Nykaa, Paytm and Zomato eventually dropped much below their listing prices. Only investors with a high risk appetite can consider this IPO.