Hot Stocks: Brokerages view on HDFC Bank, L&T Tech, ICICI Lombard and GAIL India
Brokerage firm Morgan Stanley maintained an underweight rating on L&T Technologies, Nuvama downgraded HDFC Bank post Q3 results, and an overweight rating on ICICI Lombard. UBS maintained a buy rating on GAIL India.
Q3 results today: Asian Paints, LTIMindtree among 22 companies to announce earnings
Asian Paints to announce Q3 earnings along with 21 other companies. Federal Bank and Bank of Maharashtra posted YoY jump in profit after tax. Asian Paints is likely to report strong Q3 results. LTI Mindtree is expected to report constant currency revenue growth.
F&O stocks to buy today: L&T, Coal India among top 8 trading ideas
The Nifty future closed negative with losses of 0.50% at 22023 levels on Tuesday. India VIX was up by 1.52% from 13.79 to 13.57 levels. Volatility was slightly down and holding overall bullish market bias.
Big movers on D-Street: What should investors do with RIL, LIC and Angel One?
Stocks that were in focus included names like RIL, which fell 1.49%, LIC, which rose 4.5%, and Angel One, whose shares declined 13.5% on Tuesday.
HDFC Bank Q3 net profit jumps 34% to Rs 16,373 cr
Total deposits, a key monitorable for the bank after the merger with HDFC, climbed 28% on year, but were still slower than the 62% rise in total advances. Loan growth has largely been aided by the addition of the erstwhile HDFC’s mortgages to the bank’s loan book.
Yield spreads hint equity rally may lose some steam
The spread between earnings yield, which is the inverse of the price-earnings (P/E) multiple and bond yield rose to 258 basis points, the highest in the five years, according to Bloomberg data.
Capital Small Finance Bank gets Sebi nod to launch IPO
The proposed IPO consists of a fresh issue of Rs 450 crore and an offer for sale (OFS) of up to 2,412,685 equity shares.
LIC shares gain 4.4%, top listing price
The stock hit an all-time high of ₹900 as the company’s market capitalisation rose to ₹5.64 lakh crore, crossing the listing day market value of ₹5.53 lakh crore.
ICICI Lombard Oct-Dec net profit surges 22%
The company had reported a net profit of 352 crore in the year-ago period. The insurer’s gross direct premium income grew 13.4% to 6,230 crore during the quarter under review from 5,493 crore in the year-ago period aided by growth in the health and motor segment.
Promoters of some mid- and small-cap companies hike stakes in a sign of confidence
During the quarter, promoters of companies such as Tide Water Oil, Capacit’e Infra, Shalimar Paints, KPI Green Energy, Snowman Logistics, Apollo Micro Systems, Paisalo Digital, and Hi-Tech Pipes, among others, have increased their stakes.