Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever … Read more
Kolkata: Private sector lender Karur Vysya Bank on Monday reported a 51% rise in net profit at 378 crore for the July-September period against 250 crore in the corresponding quarter last year, riding on sharply lower provisions in line with asset quality improvement. The bank’s net interest margin stood at 4.07% for the quarter under … Read more
Stocks from capital-intensive sectors, cyclicals and value stocks are expected to do well as long as the investment, commodity and credit cycle continue to remain robust, an ICICI Securities report said. The brokerage has identified over a dozen stocks with ‘Buy’ ratings which it referred to as ‘value stocks’ while cautioning against value traps. The … Read more
Canara Bank expects its mutual fund and insurance joint ventures to apply for their IPOs over the next 18 months as the other shareholders have agreed in principle to the listing plan, its managing director K Satyanarayana Raju has said. In an interview with Atmadip Ray, Raju also said the bank’s move to spin off … Read more
Amid positive global market sentiments and tracking gains in the bank and financial services pack, Indian equity markets ended on a positive note on Friday. Nifty ended above 18,800 levels at 18,826, up 0.74%. Here’s how analysts read the market pulse: “The headline indices were outperformed by mid- and small-caps, with the Nifty Mid-cap index … Read more
Brokerage firm Jefferies maintained a buy rating on SBI Cards and Payment Services, JPMorgan downgraded Persistent Systems to underweight, Emkay has a buy rating on Karur Vysya Bank, and ICICIdirect recommends a buy call on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on SBI … Read more
Tube Investments, Pfizer and Kalyan Jewellers have announced their fourth quarter results today. Here is a look at what these companies reported during the January-March period. Tube Investments Tube Investments standalone net profit jumped as much as 84% to Rs 251 crore during the March quarter, compared with Rs 136 crore in the corresponding quarter … Read more
NEW DELHI: Although net sellers in the Indian market in the last one-and-a-half years, foreign institutional investors or FIIs, have been consistently raising stakes in over 110 stocks in the last four quarters. Out of them, the top 10 have delivered up to 300% return in the last one year. An analysis of shareholding pattern … Read more
Benchmark indices rallied for the second day in a row led by gains in the PSU bank stocks. Nifty ended higher at 17,480 points. SBI, Adani Ports, , Nestle and SBI Life led the Nifty gainers’ pack while the laggards were NTPC, HDFC, , and . Here’s how analysts read the market pulse: Nagaraj Shetti, … Read more
Indian market closed in the green for the second consecutive day on Monday. The S&P BSE Sensex rallied more than 400 points while the Nifty50 reclaimed 17,600 levels. Sectorally, buying was seen in metals, capital goods, telecom, banks, realty, and finance stocks while selling was visible in oil & gas, as well as power stocks. … Read more