Paytm shares hit fresh record low, down 24% this week alone
Shares of Paytm’s parent company, One 97 Communications, hit a record low. Paytm is losing business due to RBI ban on Paytm Payments Bank. Authorities advise users to get new RFID stickers. Retail investors are warned to stay away from the stock.
Vibhor Steel Tubes IPO allotment: Check status, listing date, GMP and other details
The whole allotment process will be overseen by a registrar and investors will get the shares on a lottery basis. There are two ways in which investors can check whether they received any allotment after applying for the IPO
ETMarkets Fund Manager Talk: Despite upbeat domestic outlook, why does this fund manager see markets correcting 5-8%?
Neeraj Gaurh of Axis Securities advises investors to balance market excitement with geopolitical risks. Markets may correct 5-8%, but investors can deploy lump sum investments in good stock ideas when they have valuation comfort, when growth is accelerating, or when RoEs are improving.. Cyclicals are driving earnings growth, and banking underperformance may reverse when liquidity […]
Hot Stocks: Brokerage view on HDFC Bank, M&M, Sun TV and United Spirits
Macquarie maintained underperform on United Spirits, CLSA downgraded Sun TV. Pernod India saw ~7% sales growth in Q3. United Spirits saw market share losses to Radico. Sun TV’s subscriptions-led revenue was a surprise. Morgan Stanley remained overweight on M&M and HDFC Bank. HDFC Bank announced plans for new product launches.
F&O stocks to buy today: HDFC Bank among top 3 trading ideas
Positive setup was seen in stocks like M&M, HPCL, Mphasis, NMDC, Federal Bank, GAIL, BPCL, Power Grid, PNB, Canara Bank, ONGC, IOC, NTPC, Bank Baroda, Cummins Ind, SBI, Coal India etc. among others.
Big movers on D-Street: What should investors do with M&M, Vedanta and NTPC?
Stocks that were in focus included names like M&M, which rose 6.81%, Vedanta, which declined 4.17%, and NTPC, whose shares jumped 3.92% on Thursday.
Bonus share issues boom in show of corporate strength
Bonus shares refer to additional shares that a company distributes to its existing shareholders at no extra cost. These bonus shares enhance liquidity, reduce the per-share value of a stock, and foster greater participation from retail investors, according to market participants.
India Inc Q3 profit growth remains on double-digit path
For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth a year ago. It was the third straight quarter of double-digit growth in profit.
HDFC Bank bets on housing loan products to boost its CASA
HDFC Bank’s market share in the retail home loan segment has risen by 20% on incremental disbursement, and it is seeing 3.6% growth sequentially – the highest amongst peers.
Paytm Bank’s exit from UPI unlikely to be disruptive
In a report on Tuesday, Macquarie Capital Securities expects a sharp reduction in Paytm revenues across various segments, anticipating an exodus of customers. It had pegged the overall customers at 330 million. They include 110 million of monthly transacting users and a merchant subscription network of about 10 million.