Pointing out that FII outflows in the last 6 months and the resultant valuation correction offer comfort to global investors, Sorbh Gupta, Senior Fund Manager – Equities, Bajaj Finserv AMC, says the growth differential between India and other larger economies should increase. “So Indian equity should outperform from here on compared to US or China … Read more
In the Nifty200 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on April 17, suggesting bullishness in counters, according to stockedge.com’s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a … Read more
Mumbai: Bajaj Finserv is gearing up to unlock value in its insurance businesses by exploring public listings after buying out Allianz in the nearly a quarter-century-old joint venture that ran both general and life insurance entities, sources told ET. “In the plan submitted to the regulator about the IPO, Bajaj had conveyed that it will … Read more
Leading brokerage firm Investec has maintained a ‘Buy’ rating on Medplus Health Services, highlighting its robust expansion plans and promising growth in the generics segment. Mirae Asset Sharekhan has issued a ‘Buy’ rating on Bajaj Finserv, citing its ambitious long-term strategy and focus on leveraging AI for profitable growth. Meanwhile, Hem Securities has recommended a … Read more
Sorbh Gupta, Senior Fund Manager – Equities, Bajaj Finserv AMC, has aligned his portfolios towards higher large-cap exposure where the risk-reward looks more favourable. “We see good opportunities in Consumer Staples, Mass Consumption, Consumer discretionary, and the Pharma Space. These sectors can help mitigate impact on the portfolio from sharp volatility in the near term, … Read more
The second quarter earnings season is underway and as many as 182 companies will declare their results this week. Some of the marquee names include ICICI Bank, YES Bank, ITC, Bajaj Housing Finance, HUL, Ultratech Cement, Bajaj Finance, Bajaj Finserv, IndiGo, Paytm, and Zomato among others. Here are the key earnings to watch out next … Read more
The initial public offering (IPO) of Bajaj Housing Finance was subscribed over 3 times on the second day of bidding on Tuesday, led by strong demand from non-institutional investors (NIIs). On Day One, the issue was subscribed 2.02 times. At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue … Read more
Bajaj Housing Finance is set to launch its initial public offering (IPO) on Monday, September 9. Ahead of the public issue, the grey market premium (GMP) for the company’s shares stands at Rs 51-52, indicating a potential upside of 73% above the issue price. The price band for the IPO has been fixed at Rs … Read more
Shares of India’s largest NBFC Bajaj Finance on Thursday dropped up to 4% in the morning session but recovered all losses to trade in the positive zone after brokerages said they don’t see much impact of RBI direction to stop sanctioning and disbursing loans under its two lending products – eCOM and Insta EMI Card. … Read more
MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more