RIL sets October 28 as record date for 1:1 bonus share
Reliance Industries received shareholders’ approval for 1:1 bonus share and increased authorized share capital. The total percentage of votes cast in favor of the bonus issue resolution was 99.92% with just 0.07% votes against it.
Tech view: Nifty faces resistance from short-term moving averages, forms small negative candle. How to trade tomorrow
After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200, indicating a potential shift in momentum. This change in polarity suggests a cautious approach as the market navigates this critical juncture.
New policy surrender rules, intense competition likely to affect HDFC Life’s H2 performance
The stock of HDFC Life recovered partially on Wednesday, gaining 1.9% after sliding by nearly 4% the previous day following the insurer’s second quarter result announcement. The stock reported weakness despite the double digit growth in premiums and improving market share.
Axis Bank Q2 results preview: Double-digit NII growth may drive PAT higher by 8% YoY
Axis Bank is predicted to report an 8% increase in net profit for Q2 FY24, driven by a 10% rise in net interest income and a reduction in slippages on a sequential basis. Loan growth is expected at 11% year-on-year, while slippages are projected to increase by 29% year-on-year.
Sebi mulls allowing Associations of Persons to open demat accounts
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares.
Govt to exercise greenshoe option in Cochin Shipyard OFS after receiving bids worth Rs 1,900 crore
The Centre has decided to exercise the greenshoe option in the Cochin Shipyard OFS after it received bids worth over Rs 1,900 crore from institutional investors on Wednesday. Institutional investors oversubscribed the portion of shares by placing bids for 1.28 crore shares as against 59.19 lakh shares offered.
Q2 preview: Another weak quarter expected for banks. Top stocks to buy ahead of results
Banks are expected to show weak earnings growth in Q2, with private banks performing slightly better due to higher fees and lower provisions. Loan growth remains slow, impacting net interest income. Top stock picks are ICICI Bank, Axis Bank, and SBI due to their strong growth and asset quality.
4 sectors Rohit Srivastava is bullish on for near term
You have made two tops so far close to around 25,200. So, getting past 25,200 would set the stage for moving towards 25,673, which is again a 61% retracement of the entire fall that we saw in late September to early October, so that is the setup right now.
Ambit initiates ‘Sell’ rating on Bajaj Housing Finance for overvaluation and competitive pressures; expects 39% downside
Ambit has initiated a ‘Sell’ rating on Bajaj Housing Finance, targeting Rs 85, citing valuation concerns amid competition in the mature home loans sector, despite recent growth in AUM and loans.
RailTel shares surge 10% Rs 79 crore order win from MHADA
RailTel share Price: Shares of RailTel Corporation of India surged nearly 10% on Tuesday to a high of Rs 449 on the BSE after the company received a work order from MHADA for projects totaling Rs 79.84 crore. The contract involves selecting a service provider for Cloud Hosting and Managed Services to set up, migrate, […]