Power Grid Corporation of India. Share Price 287.90 03:59 PM | 20 Feb 2024 11.55(4.18%) HDFC Bank. Share Price 1454.30 04:00 PM | 20 Feb 2024 37.21(2.63%) Axis Bank. Share Price 1088.60 03:59 PM | 20 Feb 2024 25.65(2.42%) NTPC. Share Price 345.70 03:59 PM | 20 Feb 2024 6.95(2.06%) Kotak Mahindra Bank. Share Price … Read more
Mumbai: Analyst downgrades in earnings estimates of Indian companies for FY24 outnumbered that of upgrades in the past four weeks after the June quarterly results. Out of the Nifty 100 companies, 41 including UPL, Tech Mahindra, Vedanta, SRF, ACC, Grasim, and Tata Steel, among others, witnessed Earnings Per Share (EPS) downgrades for FY24, while 32 … Read more
“The core part of your portfolio should make up for the majority of your portfolio. The mix of core and satellite depends totally on your risk appetite,” says Srikanth Subramanian, CEO, Kotak Cherry. In an interview with ETMarkets, Subramanian said: “We have seen a fair amount of sector rotation in the markets where almost every … Read more
Auto components maker Samvardhana Motherson International Ltd on Monday said it will acquire assets and shares of Germany’s Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs 1,070 crore). Kunal Malani, CFO, Motherson Group explains the rationale for the acquisition and expected synergies. Dr Schneider Group is your … Read more
Shares of Trident Ltd have returned as much as nearly 3,600% in the past ten years. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to nearly 4 lakh, according to an analysis by ET Markets. In the last five years, the … Read more
Mumbai: Analysts tracking Bajaj Finance reiterated their bullish outlook after the Pune-based non-bank lender‘s first-quarter business growth update took the Street by surprise, prompting brokerage houses to upgrade their recommendations and raise their respective price targets. Shares of Bajaj Finance rose as high as 8% to post their biggest single-day gain in nearly one year. … Read more
Mumbai: Several domestic and foreign brokerage firms slashed their earnings estimates and price targets on Tata Consultancy Services (TCS) after India’s largest IT services company delivered a weaker-than-expected fourth-quarter earnings and gave a cautious commentary on trends in the immediate future. For instance, JPMorgan maintained its underweight rating and slashed its revenue estimate by 1% … Read more
In politics, accidental leaders eventually fade away after hogging the limelight in the positions to which they were catapulted by circumstances or by their masters. Only a few manage to change the tide in their favour or outwit their political handlers. Former Tamil Nadu Chief Minister Edappadi K. Palaniswami belongs to that breed of politicians … Read more
“The reality is that today’s 18000 is 20-25% cheaper than 18000 of one and a half year back because if you look at Nifty EPS from below 700, we are now talking more like 830-840,” says Aashish Somaiyaa, White Oak Capital.What are the factors in your mind right now because of which this underperformance is … Read more
ICICI Direct has given a buy rating to the Jhunjhunwala stock Star Health and Allied Insurance, for a target price of Rs 850, which implies an upside of 23% from the current levels. The company is the largest standalone insurer engaged in the health insurance segment with relatively superior market share and operating performance. Star … Read more