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, […]
Shipping Corporation, GE Shipping shares rally up to 5% ahead of Cabinet meeting today
Shares of Shipping Corporation of India and Great Eastern Shipping Company rose on the BSE amid reports that the Centre may approve the Coastal Shipping Bill 2024. The Bill aims to ease shipping sector rules, promote more ship lines into Indian ports, and enhance coordination between inland waterways and coastal shipping.
Hyundai is for the long haul and do not expect to make quick buck on listing: Dipan Mehta
Dipan Mehta of Elixir Equities recommends long-term investment in Hyundai’s IPO due to its strong product profile and EV strategy, though a tepid listing is expected. Reliance is considered weak in the current environment, while export-oriented stocks are not attractive due to mild rupee depreciation. Avenue Supermarts faces challenges from quick commerce innovations.
Hyundai India IPO subscribed 20% on Day 2 so far. GMP rises to 3%. Check details
Hyundai India’s Rs 27,870 crore IPO was subscribed 20% by the second day. Retail investors led with 29% subscription. The offer is an OFS with all proceeds going to Hyundai Motor Global. Analysts recommend subscribing for long-term gains citing Hyundai’s strong brand and growth prospects.
Hot & Cold Stocks: 10 midcaps that MFs bought and sold in September
In September 2024, mutual funds deployed Rs 18,200 crore, and alongside FIIs, bought Rs 45,100 crore in the Indian secondary market. Key additions by mutual funds in mid-cap stocks included KPR Mill, Brigade Enterprises, PTC Industries, and Metro Brands. Here is a list of stocks that mutual funds bought and sold in September, according to […]
PNC Infratech shares rise 6% on receiving Rs 4,630 projects from Maharashtra govt
PNC Infratech shares increased by 5.5% after the company announced it received two letters of acceptance from Maharashtra State Road Development Corporation. The road projects are worth Rs 4,630 crore. These projects include the construction of roads in Pune and from Jalna to Nanded. The shares of PNC Infratech have seen significant movement in the […]
HDFC AMC shares jump 5% after Q2 earnings. Should you buy, sell or hold?
HDFC AMC shares surge 5% after a 32% YoY rise in Q2 profits to Rs 576.61 crore, with revenue up 38% to Rs 887.2 crore. Jefferies and CLSA raise target prices and revise EPS estimates, highlighting strong AUM growth and stable market positions despite a one-off tax impact.