Eternal shares jump 2% after strong Q2 show, brokerages see up to 34% upside
Eternal shares rose after Q2FY27 net profit surged 92.3% year-on-year to Rs 125 crore, while revenue jumped 77.6% to Rs 24,138 crore. Jefferies maintained a Buy rating and raised its target price to Rs 430, implying 34% upside
M&M Financial Services shares crash 10% after Q2 results. What are Nomura and other analysts saying?
Mahindra & Mahindra Financial Services shares fell sharply on despite a 55% year-on-year rise in Q2FY27 net profit to Rs 882 crore. Nomura lowered its target price to Rs 400 while retaining a Buy rating, citing asset quality concerns and rising funding costs. Motilal Oswal maintained its Buy rating.
KEI Industries shares tumble 8% despite Q2 profit rising 29%, revenue up 39%
KEI Industries shares fell despite strong Q2 FY27 results, with net profit rising 29% and revenue growing 39% year on year. Growth was supported by domestic wires and cables demand, higher dealer sales and improved profitability in the first half.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the […]
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on October 21, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative signal, as it suggests that a stock’s price is below its long-term trend. The 200 DMA is a widely used […]
Why is the RBI pulling liquidity out of banks and injecting it back again?
Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from overseas Indians under the FCNR(B) scheme. The central bank utilized reverse repo auctions and cash reserve ratio adjustments to absorb this surplus effectively. As overnight rates increased following these liquidity […]
Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
Oil prices rose as Houthi attacks in Saudi Arabia increased tensions and led to US diplomatic withdrawals. Brent crude futures gained $1.29, while US West Texas Intermediate crude rose by 97 cents after the attacks. The US State Department has ordered the withdrawal of some family members from various missions in the region. There was […]
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the […]
Systemic liquidity seen uneven as some banks continue market borrowing
Several banks in India have been borrowing from the market despite substantial foreign currency non-resident deposits inflow. This situation indicates that excess liquidity is not evenly distributed across the banking sector. Some banks experienced a significant rise in certificates of deposit while others shed expensive deposits. The inability to capitalize on FCNR deposits has led […]
Why is the RBI pulling liquidity out of banks and injecting it back again?
Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from overseas Indians under the FCNR(B) scheme. The central bank utilized reverse repo auctions and cash reserve ratio adjustments to absorb this surplus effectively. As overnight rates increased following these liquidity […]