Stocks to buy today: ABB, Federal Bank among top 10 trading ideas for 22 November 2024

Stocks to buy today: ABB, Federal Bank among top 10 trading ideas for 22 November 2024

The Indian market is likely to trade higher on Friday, tracking positive global cues. The India VIX climbed 2.09% to close at 15.99 on Thursday, indicating heightened caution. FII selling pressure continues, as the Long-Short ratio hovers around the 25% level. “India VIX is up by more than 7% this week, which increases volatility. Until … Read more

Hot Stocks: Brokerage view on Bharti Airtel, Macrotech Developers, BPCL, Federal Bank and Sun Pharma

Hot Stocks: Brokerage view on Bharti Airtel, Macrotech Developers, BPCL, Federal Bank and Sun Pharma

Brokerage firms like UBS have a neutral rating on Bharti Airtel, while Nomura has buy ratings on Macrotech Developers and BPCL. Additionally, Nuvama and Jefferies hold buy ratings on Federal Bank and Sun Pharma, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on Bharti Airtel: … Read more

Federal Bank Q1 Results: Net profit rises 42% YoY to Rs 854 crore; NII up 20%

Federal Bank Q1 Results: Net profit rises 42% YoY to Rs 854 crore; NII up 20%

Federal Bank reported a standalone net profit of Rs 854 crore for the quarter ended June on Thursday, rising 42% compared to the company’s Rs 601 crore-Q1 profit of the previous year. The net interest income (NII) for the first quarter rose nearly 20% to Rs 1,919 crore. It was Rs 1,605 crore in the … Read more

Brokerages remain bullish on Jhunjhunwala’s largest banking bet, see up to 44% upside

Brokerages remain bullish on Jhunjhunwala’s largest banking bet, see up to 44% upside

Domestic brokerages remain bullish on the , Rakesh Jhunjhunwala‘s largest banking bet, after a strong performance in the June quarter. The private lender, which had announced its earnings on Friday, reported a 63.53 per cent year-on-year (YoY) rise in net profit at Rs 600.66 crore compared with Rs 367.29 crore in the same quarter last … Read more