4 Nifty stocks saw over 5% EPS downgrades post Q3
Earnings per share or EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. Signs of a falling EPS do not bode well. Here’s a look at four Nifty stocks that saw over 5% EPS downgrades […]
India’s debt to GDP ratio by 2030-31 will be much lower than IMF’s projection: RBI paper
The Indian government should focus on development, as per a research paper by RBI. The paper shows that the general government debt-GDP ratio could decline to 73.4% by 2030-31, 5 percentage points lower than the IMF’s projection. Further fiscal tightening is needed for sustainable growth.
Tech View: Nifty target shifts to 22,500. What traders should do on Wednesday
Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.
Most Indian financial institutions have a clean white shirt: Uday Kotak
Kotak stated that he is cautious about building India with 1 or 2 companies in each sector while discussing capacity building. He prefers having 4-6 large players in banking and other sectors. In his opinion, broad-based capacity creation will be important to create a $30 trillion economy.
Investors are turning wary of crowded India trade after run-up
Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.
Picture abhi baki hai! Zee shares rally 7% as Sony merger talks re-start
Shares of Zee Entertainment rally as talks for a merger with Sony Group are re-initiated after the cancelled $10 billion deal. Representatives from both sides have held meetings in Mumbai to salvage the deal. Several analysts had downgraded the stock and revised target prices earlier after the Sony-Zee merger fell through.
F&O stocks to buy today: RIL, ICICI Bank among top 7 trading ideas
Positive setup was seen in stocks like GMR Infra, MCX, Grasim, United Spirits, Granules, Container Corp, Voltas, Cipla, Zydus Life, Bharti Airtel, ICICI Bank, Cummins India, Dr Reddy’s, Coforge, Maruti and Indian Hotels.
Big movers on D-Street: What should investors do with Novartis India, Global Health and YES Bank?
Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.
Bank of America expects India fundraising to be busier than ever
“2023 was the year of block trades, 2024 is going to be the year of IPOs — and that momentum will most likely carry into 2025,” Debasish Purohit said in an interview with Bloomberg News in Mumbai. “2024 and 2025 as a block will be the busiest years of IPOs in our lifetime.”
Zee, Sony huddle in dramatic twist to salvage merger
Zee Entertainment Enterprises has re-engaged with Sony Group Corp in a last-ditch attempt to revive their $10-billion merger. Major differences and disagreements over terms and conditions persist, and the outcome remains uncertain.