Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank
Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime […]
Oberoi Realty shares jump 9% to new all-time high after 65% increase in net profit. Should you invest?
Oberoi Realty’s shares surged by 9% to reach a new 52-week high of Rs 1,712.30 following the company’s announcement of a 65% year-on-year (YoY) increase in its Q4 profit, reaching Rs 788 crore.
Even traditional companies are adapting to Gen Z employees: Teamlease
Krishnendu Chatterjee discusses the impact of purpose-driven work values on individual and employer health, referencing Tom Rath’s concept of ‘working to live.’ He emphasizes the importance of aligning organizational purpose with employee retention rates.
Hot Stocks: Brokerages view on Adani Ports, Apollo Tyres; HSBC downgrades Colgate
Brokerage firm Jefferies maintained an underperform rating on Dixon Technologies, Nomura upgraded Apollo Tyres to neutral, Jefferies recommend buy on Adani Ports and HSBC downgraded Colgate to hold.
F&O stocks to buy today: Tata Steel, ACC among top 9 trading ideas
On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22300 strikes while the maximum Put OI is placed at 22000 and then towards 22200 strikes.
Options Radar: Deploy Bull Call Spread on Axis Bank as outlook not very aggressive
Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30.
Stocks in news: M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech
HDFC Life announced its highest-ever bonus of Rs 3,722 crore on participating plans. This bonus will benefit over 22.23 lakh policyholders.
Q4 results today: Vodafone Idea, M&M among 94 companies to announce earnings on Thursday
94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea’s Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
Dipan Mehta gives a hard pass to specialty chemicals; will bet on agrochem stocks
Dipan Mehta discusses the cautious outlook on chemicals, interest in agrochemical plays, auto sector trends, high PE ratios in capital goods, potential investments post-election, mixed earnings season results, and concerns about overvalued EMS companies. Mehta also says: “If the government comes back with a stable majority, then the best stocks to buy would be the […]
Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MD
Neetu Kashiramka, MD of VIP Industries, anticipates a margin increase to 18% next year, emphasizing strategies for FY25 and the implications of shifting manufacturing to India. The discussion covers various aspects including market share targets, e-commerce revenue outlook, pricing trends, and ad spends.