ICICI Bank’s B Prasanna sees no immediate risk of rupee hitting 90 against dollar
B Prasanna from ICICI Bank discusses the recent depreciation of the Indian rupee due to global dollar strength, suggesting that allowing the rupee to depreciate, injecting liquidity, and considering a rate cut could support growth. He downplays concerns about macroeconomic impacts, citing low inflation and the potential for improved export competitiveness.
HDFC AMC shares jump 3% after cons PAT jumps 31% YoY to Rs 641 crore, revenue up 39%
HDFC Asset Management Company reported a 31% jump in Q3FY25 profit, reaching Rs 641 crore. Its revenue grew 39%, driven by strong QAAUM growth. Despite a recent 15% stock decline, analysts project a 26% upside.
Shoppers Stop shares surge 11% after Q3 profit climbs 41% YoY to Rs 52 crore on festive season demand
Shoppers Stop share price: The company experienced an 11% increase in revenue from operations, reaching Rs 13.79 billion. Premium products accounted for 64% of the total revenue for the quarter, reflecting a 9% growth compared to the previous year.
Anand Rathi Wealth has maintained 30% plus growth in both revenues & profits Y-o-Y: Rakesh Rawal
Rakesh Rawal, CEO of Anand Rathi Wealth, is confident in achieving their revised guidance of Rs 900 crore in revenue and Rs 290 crore in profit. Despite market volatility, they foresee 20-25% long-term growth potential, driven by robust client acquisition, increased relationship managers, and technology enhancements. They focus on technology for customer value and are […]
Anshul Saigal warns of short-term volatility, but sees strong rebound for quality stocks
Anshul Saigal, Founder of Saigal Capital, discusses the potential rebound of quality stocks amid market volatility, highlighting opportunities in the textiles sector and value retail. He explains recent trends, favourable conditions for exporters, and growth opportunities in Adani Group’s diverse businesses.
ETMarkets Smart Talk: FPI inflows to revive in H2 2025 as India remains an attractive investment destination – Nishit Master
We believe 2025 will witness normalized returns from the markets as compared to superlative returns we have witnessed in the last few years.
Network18 shares in focus after co’s Q3 losses widen to Rs 1,435 crore
The company’s revenue from operations in Q3FY25 dropped 23% year-on-year (YoY), falling to Rs 1,361 crore from Rs 1,774 crore in the corresponding quarter of the previous financial year.
Oil little changed as falling US stockpiles outweigh soft demand outlook
Brent crude futures were up 2 cents to $79.94 a barrel by 0205 GMT, after dropping 1.4% in the previous session. U.S. West Texas Intermediate crude rose 12 cents, or 0.15%, to $77.62 a barrel after a 1.6% drop.
Stocks to buy: Angel One, HDFC Life and Network18 on investors’ radar
Recently, the price action of Angel One has been influenced by profit booking, resulting in a correction of nearly 35%. However, it has been observed that the stock is finding support at its fair value gap area around the 2340 level. The candlestick pattern formed during the previous trading session is a doji, which signals […]
Q3 results today: HDFC Life, L&T Tech among 24 companies to announce earnings on Wednesday
eading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.