The Nifty50 might have risen 10 per cent in the last six months, but half its constituents are still quoting at valuations below long-term averages. They included , , , Dr Reddy’s Labs and , among others. Many of these stocks are a ‘buy’, with analyst price targets, as per Trendlyne, suggesting 10 per cent … Read more
New Delhi: The domestic equity market continued to remain in flavour on the back of favourable global cues, which lifted the indices higher. Sensex hit 57,500 mark during the week, with Nifty50 settling over the 17,150 level. Both benchmark indices rallied close to 3 per cent during the week and this was their best weekly … Read more
SBI Life’s June quarter results cheered investors and sent the stock soaring 10 per cent in Friday’s trade. Analysts said the numbers were stellar on all counts be it growth or margins. bucked the trend of slowdown seen at peers in terms of growth in annual premium equivalent (APE) and retail protection APE. Among key … Read more
NEW DELHI: Seasoned investor Rakesh Jhunjhunwala on Thursday made over Rs 600 crore in intraday gains on notionally, as a business update by the Tata group company, his biggest stock bet, received thumbs up from analysts and Dalal Street investors. Within a few minutes into trading, shares of were trading 6.86 per cent higher at … Read more
NEW DELHI: It is fair to say that the Life Insurance Corporation (LIC) of India has disappointed its investors in the first two weeks since its listing. For most of the days since it got listed on May 17, the stock price has settled in the red. It now trades down over 15 per cent … Read more
Zee Entertainment, which has seen its shares falling 37 per cent from the recent peak, could see multiple headwinds in the near future, but analysts’ targets so far suggest up to 77 per cent upside on the counter. A fall in network share for two straight quarters, headwinds for advertisers and a lack of clarity … Read more
NEW DELHI: is likely to report a 26 per cent year-on-year (YoY) rise in net profit in the June quarter and a single-digit rise in net interest income (NII). Net interest margin (NIM) is seen expanding marginally, while gross non-performing assets are seen at 3.4 per cent. HDFC Institutional Equities is expecting the private lender … Read more
NEW DELHI: Shares of were trading marginally higher in Wednesday’s trade ahead of its June quarter results later in the day. The second-largest IT major is expected to report a 24-30 per cent year-on-year rise in profit on a 17-18 per cent growth in revenues. The IT firm is seen upping its FY22 revenue growth … Read more
MUMBAI: In a reflection of the uncertainty that surrounds policy making these days, economists now believe that the best course of action for the Reserve Bank of India’s rate-setting panel on Wednesday will be to reiterate its commitment to keeping monetary policy accommodative in the wake of a raging second wave of Covid-19 infections in … Read more