Mumbai: ICICI Bank is under fire for allegedly coaxing minority shareholders of ICICI Securities (I-Sec) to support the private lender’s proposal to delist the broking and investment banking arm. Shareholders of ICICI Securities claimed on social media that the bank’s executives contacted them directly, asking them to vote in favour of the resolution that proposes … Read more
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23. Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number … Read more
Kotak Mahindra Bank. Share Price 1769.60 03:59 PM | 20 Oct 2023 31.15(1.79%) IndusInd Bank. Share Price 1469.10 03:55 PM | 20 Oct 2023 18.75(1.29%) Tata Consultancy Services. Share Price 3494.55 03:59 PM | 20 Oct 2023 38.91(1.12%) SBI Life Insurance Company. Share Price 1362.65 03:58 PM | 20 Oct 2023 14.50(1.07%) NTPC. Share Price … Read more
Shares of ICICI Securities jumped 8% to Rs 681 in Tuesday’s trade on BSE after the company reported consolidated net profit of Rs 423.63 crore for the September quarter of the financial year 2024, a growth of 41% from the year-ago period. The brokerage and research firm reported a profit of Rs 300.4 crore in … Read more
Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according … Read more
Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more
Uttar Pradesh-based Epack Durables Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering to raise Rs 400 crore through fresh issue of shares. The IPO also consists of an offer for sale of 1,30,67,890 shares by promoters, promoter group entities, and other … Read more
Brokerage firms such as Jefferies initiated a hold rating on Mankind Pharma, Bernstein upgraded Delhivery to outperform, ICICI Securities initiated coverage on Suzlon with a buy rating and Motilal Oswal maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal … Read more
NEW DELHI: Driven by a healthy balance of volume and pricing mix, food major Nestle India impressed analysts by posting a 21% year-on-year (YoY) revenue growth in the March quarter, its highest in the last 10 years. With prices of key commodities remaining elevated, Nestle’s gross margins, however, dipped by 150 bps YoY to 53.8%. … Read more
ICICI Securities has reported a consolidated net profit of Rs 263 crore for the quarter ended March, down 23% as against Rs 340 crore reported in the corresponding period of last year. Revenue from operations during the quarter stood at Rs 885 crore, also down marginally as against Rs 892 crore in the year-ago period. … Read more