Muthoot Microfin Q3 profit jumps 16x as provisions and costs fall
Muthoot Microfin reported a sharp Q3 turnaround, with net profit jumping over sixteenfold to Rs 62.4 crore as provisions and credit costs fell. Asset quality improved, margins inched up, while loan growth remained steady amid sector recovery in India markets.
Markets track global rebound, Nifty range-bound with positive bias: Rajesh Bhosale
Indian stock markets climbed on Monday, mirroring a global market rebound. The Nifty and broader indices traded higher, showing improved global sentiment and steady domestic participation. Experts suggest buying on dips, with Nifty support seen at 25,700 and targets around 26,000 to 26,100. The market shows a positive bias, though short-term volatility is expected due […]
IDBI Bank shares drop 4% as Kotak Mahindra Bank stays away from stake sale; Fairfax, Emirates NBD in fray
IDBI Bank shares fell amid updates on its strategic disinvestment, with Fairfax Financial and Emirates NBD emerging as bidders. The government and LIC plan to sell a combined 60.7% stake in the lender as part of the privatisation programme.
PSU Banks look attractive; Bank of Baroda top pick: Pankaj Pandey
Pankaj Pandey, Head Research, finds PSU banks attractive, with Bank of Baroda as his top pick, targeting ₹340. He anticipates a stronger second half of the financial year and sees potential for M&A and policy support. Pandey also remains constructive on Kotak Mahindra Bank due to improving growth visibility and easing IDBI Bank acquisition concerns.
Earnings set for strong rebound in FY27 after weak FY26, says Mahesh Nandurkar
Indian investors are learning the importance of diversifying beyond domestic equities. Mahesh Nandurkar of Jefferies highlights the need for global exposure. He also notes the Union Budget has become less of a market mover. Corporate earnings are expected to significantly improve next year, driven by factors like inflation and stabilizing interest rates. Nandurkar is optimistic […]
Kalyan Jewellers shares zoom to 10% upper circuit. What Motilal Oswal, JM Financial said after Q3 results
Kalyan Jewellers India’s shares surged 10% to ₹417.75 after reporting a 90.36% jump in Q3 net profit to ₹416.29 crore. This strong performance triggered bullish brokerage calls, with JM Financial setting a ₹750 price target, citing robust same-store sales growth and positive management outlook.
PFC, REC shares fall up to 3% after merger announcement
Power Finance Corporation’s board has approved an in-principle merger with REC, advancing a Union Budget proposal to restructure the two public sector NBFCs. This move aims to achieve scale, improve efficiency, and enhance credit flow to India’s power and infrastructure sectors. Both companies have delivered significant multibagger returns over the past three years.
ETMarkets Smart Talk | STT hike weighs on sentiment, but growth-focused Budget supports markets: Naveen Kulkarni
Markets experienced a sharp reaction following the Budget announcement. This was primarily due to a hike in the securities transaction tax. Experts believe this sell-off is sentiment-driven and temporary. The Budget’s focus on growth, increased capital expenditure, and manageable fiscal numbers are expected to support markets in the medium to long term. The intrinsic value […]
FIIs ease bearish bets post-Budget, but charts warn of range-bound Nifty: Anand James
Foreign investors are reducing their negative bets on the market after the Budget. However, the market’s overall sentiment remains delicate. Technical indicators suggest IT stocks may enter a period of consolidation or decline. Analysts are closely watching for sustained reductions in short positions to confirm a positive trend. The market is navigating a news-heavy week […]
Positive Breakout: These 12 stocks close above their 200 DMAs
In the Nifty500 pack, 12 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on February 06, 2026, according to StockEdge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as a stock is […]