Private sector banks poised to power India’s growth: Manishi Raychaudhuri
From 90% premium, it has now come down to somewhere around 55% to 60%. But at the same time, Indian earnings estimates are also coming down. If you look at the consensus EPS estimates for 2025, 2026, over the last one month maybe five to six weeks they are down about 5%, which is a […]
What is fuelling M&M’s growth even as the auto sector is slowing down? Anish Shah explains
Mahindra & Mahindra is thriving. The company is witnessing remarkable growth across its businesses. New product launches, especially in the SUV segment, are driving this success. Mahindra is also making strategic investments in growth areas. These areas include electric vehicles and renewable energy. The company remains optimistic about future prospects.
82% equity mutual funds outperform their benchmarks in October
Despite Sensex and Nifty experiencing a 6% decline in October, 82% of equity mutual funds demonstrated resilience by outperforming their benchmarks. This impressive performance was observed across various categories, with contra funds achieving a 100% outperformance rate. While most categories showed strong results, focused funds lagged slightly with a 68% outperformance score.
Why Sandip Sabharwal will like to add this bank stock on dips
Market analyst Sandip Sabharwal sees potential in IDFC First Bank after a 35% drop, citing strong asset quality. He’s also keeping an eye on SBI’s results, particularly its asset quality and CASA ratio, given its aggressive unsecured lending. While cautious about PSU banks, Sabharwal acknowledges their recent performance and suggests SBI’s results could influence the […]
Wipro shares rise 3% as 8.5 crore shares change hands in two block deals
Wipro shares rose 3% after two block deals, with reports indicating promoter selling. The company posted a 21% rise in Q2 net profit and announced a bonus issue.
Trent shares fall 10% in 2 days after Q2 results. Should you invest?
Trent Share Price: Trent’s shares tumbled 10% despite reporting a 46% surge in Q2 profit, exceeding analyst predictions. While revenue growth of 39.6% fell short of expectations, analysts remain optimistic, citing strong EBITDA margins, robust store expansion, and the success of emerging categories like beauty and footwear.
Market volatility expected to persist amid US policy uncertainty: Gautam Trivedi
So, if that were to come through, will foreigners still continue to put money into China and as a result sell India? So, the bigger question really is how much more foreign selling is left and what is India’s ability to absorb that foreign selling.
RIL shares fall 2% after 11.9 lakh shares change hands in a block deal
RIL Share Price: Reliance Industries’ shares dipped 2% following a block deal involving 11.9 lakh shares. The company’s market value has shrunk by nearly $50 billion since July, attributed to a decline in earnings and a slowing economy. Despite issuing bonus shares recently, the stock has struggled, with a 5% drop in consolidated net profit […]
Zinka Logistics fixes price band of Rs 259-273 Rs 1,100 crore IPO. Check details
Zinka Logistics Solutions, an Indian platform for truck operators, has announced the price band for its upcoming IPO, set at Rs 259-273 per share. The IPO aims to raise Rs 1,114.72 crore, with funds allocated for expansion, technology enhancement, and debt reduction.
Indian Hotels stock jumps 6%, hits 52-week high after Q2 profit up 226% YoY
Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from […]