Issue dates: September 09-11, 2024Issue price: Rs 66-70Issue size: Upto Rs 6,560 croreImplied market cap: Upto Rs 58,297 croreFace value: Rs 10Lot size: 214 sharesRetail portion: 35% Bajaj Housing Finance (BHFL), the country’s second largest mortgage lender after LIC Housing Finance, plans to raise Rs 3,560 crore through fresh issue of shares to augment the … Read more
A higher Budget outlay for Pradhan Mantri Awas Yojana (PMAY), re-introduction of 100% tax holidays on construction of affordable houses and increasing the interest deduction limit on home loans are some of the demands of the real estate industry from the government in this year’s budget. A slew of favourable announcements in this sector could … Read more
Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more
Indian market is expected to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 19800 levels on Friday. India VIX was down by 0.83% from 10.87 to 10.78 levels in the previous session. Volatility has been cooling off from the last three weeks … Read more
Indian market is likely to consolidate on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19,600 levels in the previous trading session. India VIX was up by 5.04% from 10.57 to 11.10 levels in the previous session. Volatility moved from lows … Read more
Mankind Pharma, a recent entrant to the stock exchanges, has been included in several Nifty indices, including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200. The decision was taken at a meeting of the index maintenance sub-committee. Mankind Pharma, whose IPO was one of the largest this year, made a healthy debut on the exchanges in … Read more
The fourth quarter earnings season is in the last leg and the Street is awaiting numbers from some of the top PSU companies and other index heavyweights including Airtel and ITC. Indian Oil, ITC, IndiGo, SBI, Zomato are among a slew of companies that are set to announce their fourth quarter results. So far, results … Read more
Global brokerage firm Morgan Stanley maintained an underweight rating on , Credit Suisse has an outperform rating on Medplus Health, JPMorgan maintained an overweight rating on and an overweight stance on , and BofA Securities retained a buy call on . We have collated a list of recommendations from top brokerage firms from ETNow and … Read more
NEW DELHI: Domestic brokerage firm Kotak Institutional Equities has reduced stake in four IT stocks – , TCS, and – and picked speciality chemical stock SRF in its model portfolio. “We include SRF (150 bps) bps) in the portfolio. SRF stock is trading at 25.2X FY2024E EPS and its valuations have become more reasonable after … Read more
Domestic equities could see extended profit booking as concerns over recession amid steeper rate hikes remained following Bank of England’s policy action on Thursday. Options data too indicates that Nifty 50 is likely to be in a consolidation phase, as most of the out-of-the-money call option premiums fell sharply in the previous trading session. Here’s … Read more