Savers turn investors as bank deposits fall to 42% in 2024 from 53% in 2020: Uday Kotak
Kotak suggested that investors adopt a holistic approach to financial services, emphasizing the need for a mindset shift in response to the evolving landscape of household financial assets. This, according to Kotak, is essential for successful financial management in the future.
Tech view: Nifty faces hesitation at all-time high levels ahead of Fed rate move. Here’s how to trade on Wednesday
Nifty formed a Doji candle near its all-time high, indicating short-term hesitation ahead of the US Fed meeting. A breakout of the 25292-25442 band could lead to a sharper move. OI data shows highest call and put open interest at 25,400 and 25,300 strike prices, respectively.
Western Carriers IPO subscribed 7 times so far on day 3. Check GMP, other details
The non-institutional investors (NIIs) subscribed to the issue 8.23 times while the quota reserved for qualified institutional buyers (QIBs) was booked at just 3%. In all, 2.5 lakh share bids were received from QIBs around this time against 58,98,528 shares available for booking.
TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme
The company has recently canceled its DVR (Differential Voting Rights) shares and is replacing them with ordinary shares. According to the new scheme, shareholders will receive 7 ordinary shares for every 10 DVR shares they previously held. Axis Trustee Services, acting as an Independent Trustee, will now manage the distribution of the sale proceeds.
Adani Green shares may rise up to 30%, says Investec while initiating coverage
Investec predicts that using advanced tech in ideal locations will boost energy production significantly. Combined with a greater focus on selling directly to customers, this should result in a 60% annual profit growth over the next six years.
Northern Arc Capital IPO subscribed 5 times so far on Day 2; GMP rises to Rs 158
Northern Arc Capital’s IPO, which opened for subscription on Monday, has been subscribed five times by the second day. Non-institutional investors showed the strongest demand, subscribing nine times. The IPO consists of an offer for sale worth Rs 277 crore and a fresh issue of up to Rs 500 crore. Analysts recommend subscribing due to […]
2 top stock recommendations from Osho Krishan
Majority of the counters which I have named just now are about to give a breakout of consolidation. So, once the consolidation breakout comes into picture, then we can again see some kind of a strong upsurge in majority of the IT counters.
Upside potential of 71%! Bajaj Finance among 8 stocks on which brokerages initiated coverage
Brokerages have recently initiated coverage on eight Indian stocks, including Bajaj Finance, CCL Products, and AU Small Finance Bank, highlighting their growth potential. The optimism is driven by favorable domestic and international economic conditions. Stocks like CCL Products are expected to see significant upside due to advanced technology and strategic expansion efforts.
Bajaj Housing Finance shares up 10% after ending 136% higher on listing day, PhillipCapital sees another 27% upside potential
Bajaj Housing Finance surged 136% on its listing day and rose another 10% to Rs 181.48. PhillipCapital’s coverage sets a Rs 210 target, highlighting strong growth potential and favorable returns.
Ola Electric shares surge 6% after Goldman, BofA initiate coverage, see up to 48% upside
Ola Electric Mobility shares rose 6% to Rs 114.30 after Goldman Sachs and BofA set target prices of Rs 160 and Rs 145. Goldman sees 48% upside; BofA sees 34%.