Titagarh Rail shares jump 9% after Morgan Stanley initiates with overweight rating
Titagarh Rail Share Price: Morgan Stanley sees freight as a significant revenue generator for Titagarh, while also acknowledging the potential of the passenger business for growth. The firm anticipates an impressive 28% earnings compound annual growth rate (CAGR) for Titagarh over the period spanning FY 24-27.
Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade
Investec raised Marico’s rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight and maintained a neutral stance on Lupin.
F&O stocks to buy today: Hindalco, NHPC among top 10 ideas
On the weekly options front, the maximum Call OI is placed at 22800 and then towards 22700 strikes while the maximum Put OI is placed at 22000 and then towards 22300 strikes
Oil edges up after Israel strikes Gaza, while truce talks continue
Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel.
Worries build up over RBI strictures on infra financing
The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance sheets of these entities and exert pressure on their valuation multiples, analysts and economists said.
No bias, no emotion; With quant funds the ‘matrix’ takes the calls
Quant funds build a portfolio by selecting stocks on predetermined rules based on mathematical models. They use automated programs to enter and exit stocks and hence eliminate human or fund manager bias.
Monetary, prudential steps’ tango helps cut home loan NPAs
Prudential measures like risk weights and loan-to-value adjustments, along with interest rates, will be more effective in repayments of loans. This will also help in housing credit growth and controlling the asset quality of banks’ home loan portfolios, it shows.
Aadhar Housing Finance offers a long-term growth story
Aadhar Housing Finance, the country’s largest affordable home loan company based on assets under management (AUM), plans to raise Rs 1,000 crore through a fresh issue of shares to augment the capital base and up to Rs 2,000 crore through an offer for sale by the promoter BCP Topco, an affiliate of the Blackstone group.
CDSL adds 1.09 crore demat accounts in March quarter
CDSL added 85 lakh new accounts in the December 2023 quarter, 80 lakh in the September quarter, and 52 lakh in the March 2023 quarter, the depository said in an exchange filing.
Belstar Microfin files papers for Rs 1,300-crore IPO
The company is a NBFC-MFI (non-banking finance company – micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of ‘self-help group’. Muthoot Finance owns a 66.13% stake in Belstar.