Notwithstanding the 10% upside seen in shares of Life Insurance Corporation of India (LIC) last week, broking firm Emkay Global has increased its target price on the PSU insurance stock to Rs 850 from Rs 760 earlier. “Even after the recent upmove in LIC shares, we maintain our stance that valuation remains attractive and prices-in … Read more
Mumbai: Will the stock market rebound in March? While the momentum is in favour of the bears, optimists have pinned hopes on history repeating itself. A study by Mumbai-based broking firm Tradonomy shows Nifty’s fall for three consecutive months in the past decade was followed by a rally in the subsequent month. Out of the … Read more
Mumbai: Zerodha, India’s largest retail broker, will disrupt the asset management industry akin to what it did in the broking business, said its founder and chief executive officer Nithin Kamath. Zerodha received a go-ahead from the market regulator to launch a mutual fund in September this year. “Most of the fund managers today are unable … Read more