Brokerages remain upbeat on SBI despite lackluster Q3 earnings. Here’s why
Among foreign brokerages, Jefferies and Nomura have reiterated their buy stance on SBI stock while in the domestic pack, Kotak Institutional Equities and Nuvama retained their buy views.
Ramesh Damani on what’s making Indian stock market so unique and resilient?
Let me tell you a bit of history, which people may not remember. My father was in the stock market and he has lived through very painful times, the Dividend Control Act, the China War, when the markets were closed and there was no foreign investment coming into India. So they were non-existent out there.
Is there more headroom for price uptick in Maruti Suzuki? Shashank Srivastava explains
December wholesales are low, retails are high. January sales numbers show a growth of almost 14%. However, the beginning of January had low inventory in the network. The industry’s stock level has increased. Price hikes are limited, but commodity movements need to be monitored.
What to expect from SBI shares going ahead? Sandip Sabharwal answers
And for many of the banks, the big boost to earnings which came out of improvement in asset quality given that most large banks including SBI now have net NPAs at 0.5-0.6% or lower, from next year that benefit also will not be there to add to the earnings.
Hot Stocks: Brokerage firm view on SBI, Tata Motors, LIC Housing and Aditya Birla Capital
CLSA maintained a buy rating on Tata Motors but raised the target price to Rs 1061 from Rs 955 earlier.
Megatherm Induction shares list at 108% premium over issue price
Megatherm Induction’s shares listed with a 108.3% premium on the NSE SME platform, debuting at Rs 220 compared to the issue price of Rs 108. The IPO was a fresh equity issue of Rs 54 crore, funding the construction of factory shed, working capital requirements, and general corporate purposes. Megatherm Induction manufactures induction heating and […]
ETMarkets PMSTalk: How First Global turned Rs 1 crore to 2.57 crore in 3 yrs, Devina Mehra decodes
In India, we went through a whole decade 2010 to 2020 of below-normal market returns. Rs.100 invested in 2010 went up to only Rs.230 in 10 years in contrast Rs 100 invested in 1980 went up to Rs.700 by the end of the decade.
F&O stocks for today: TVS Motor, InfoEdge among top 6 trading ideas
Positive setup was seen in stocks like BPCL, IOC, Abbot India, GMR Infra, SAIL, MCX, HPCL, NMDC, Power Grid, Coforge, PNB, ONGC, Tata Steel, NTPC, TCS, Coal India, Exide Ind, Tata Consumer, Infosys, Indigo, Canara Bank, TVS Motor, RIL and Cummins India.
Apeejay Hotels offers room for growth on pricing, expansion
For the six-month period ended September 2023, the company earned 48.5% of its total revenue from rooms and 26.5% from the food and beverages segment. The sale of wine and liquor along with food and beverages together accounted for 42.11% of the total income during the period.
RBI unlikely to change interest rates
RBI MPC Meet: The 12 respondents unanimously predicted that the Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its February 8 meeting. They said the panel will maintain the status quo on rates for the sixth consecutive time. The repo rate is the rate at which the […]