Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement. novio has introduced a guaranteed card concept, allowing users to build their … Read more
The Nifty Bank fell more than 1% for the week ended 22 December 2023, tracking the mixed trends seen in Indian markets amid a rise in Covid cases, profit booking at higher levels, and geopolitical concerns. The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which … Read more
IT majors TCS, HCL Tech and Wipro kicked off first-quarter earnings last week and the results were mostly subdued in line with expectations. In the coming week, private banking giants HDFC Bank, Kotak Mahindra Bank, YES Bank, and ICICI Bank will announce their earnings. For HDFC Bank, this will be the first results card after … Read more
Brokerage firm Morgan Stanley has an ‘Overweight’ stance on IndusInd Bank, Nomura has recommended a ‘Buy’ rating on Samvardhana Motherson and Morgan Stanley has initiated a ‘Buy’ rating on AU Small Finance Bank. CLSA picks Dalmia Cement and UltraTech as preferred bets in the cement sector. We have collated a list of recommendations from top … Read more
Brokerage firm JPMorgan downgraded Vedanta to a neutral rating, maintained underweight stance on Hindustan Zinc and retained overweight on Hindalco. Citi downgraded AU Small Finance Bank to neutral and Macquarie has an underperform rating on Info Edge. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on Vedanta … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on AU Small Finance Bank, while JPMorgan prefers TVS Motor, Bajaj Auto, and M&M in the auto space. Jefferies has a buy rating on Medanta, CLSA maintained an outperform rating on ITC and Macquarie kept outperform rating on Tata Motors. We have collated a list of recommendations … Read more
“Improvement in inflation probably is indicating clearly that the need for hawkish monetary policy may not be there for very long. And that did cheer up the market again, both in US as well as other emerging markets plus India,” says Sudip Bandyopadhyay, Inditrade Capital. What changed for the markets in the last couple of … Read more
Global brokerage firm Credit Suisse maintained an underperform rating on and outperform rating on Havells India; BofA Securities retained a buy call on , and CLSA maintained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Credit Suisse on AU Small Finance Bank: … Read more
The expansion of the housing market will considerably impact the country as a whole because the real estate or housing industry, in particular, is connected with numerous sectors. Synopsis The home loan market in India is estimated at around $300 billion. This represents a mortgage to GDP ratio of 11%, which is relatively low compared … Read more
New Delhi: With volatility in the domestic equity markets increasing, global brokerage firms have turned negative on select underperformers of Dalal street. Credit Suisse has initiated its coverage on with a target price of Rs 510, which is 18 per cent lower than the last close of Rs 621.90. The stock is trading at 3.2x … Read more