MUMBAI – The government’s decision to allow Indian companies to go for direct listing on foreign exchanges as well as on the International Financial Service Centre (IFSC) has been lauded by market mavens, as they believe this will attract investments and growth capital. While speaking at the launch event of AMC Repo Clearing and a … Read more
Mumbai: Traders have mounted bullish bets on HDFC Asset Management Co and Shriram Finance as the recent exit of large investors in these companies are seen to remove the share supply overhang. Analysts said both stocks are likely to be outperformers in the coming months. HDFC AMC shares rallied 11.28% on Tuesday after Abrdn Investment … Read more
Mumbai: Chemical producers may post moderate profits in the June quarter, but investors could consider buying some of the beaten-down names in the sector. SRF, , , , , , , and are among analysts‘ top picks in the sector. Shares of various chemical companies have been under pressure in recent months on account of … Read more
NEW DELHI: A consistent phenomenon in the domestic equity markets over the last eight months has been sales by foreign portfolio investors amid surging global commodity prices and the Federal Reserve’s aggressive rate hike plan to tame inflation in the US. So far in 2022, Foreign Portfolio Investors (FPI) have net sold a massive Rs … Read more
NEW DELHI: When it comes to earnings, Indian corporates have displayed their mettle in the previous quarter, notching up growth of around 14 per cent year-on-year despite the prolonged war in Ukraine, surging commodity prices and global supply disruptions. Topline growth at the Nifty level excluding financials was at 9.8 per cent quarter-on-quarter and 24 … Read more