After Life Insurance Corporation of India (LIC) posted a standalone net profit of Rs 13,428 crore in Q4 FY23 on Wednesday, a number of top brokerages retained their bullish views on the stock. While Motilal Oswal maintained a ‘Buy’ rating on the stock, Emkay recommended a ‘Hold’. Meanwhile, Axis Capital and JM Financial also maintained … Read more
A bunch of widely tracked companies like M&M, LIC, Shree Cements, HUDCO, ONGC, BPCL, Ashok Leyland, Hindalco, Vodafone Idea, and Nykaa would be releasing their March quarter report cards this week. Here’s a list:May 22Shree Cements, Bharat Petroleum Corporation, Aditya Birla Fashion and Retail, SJVN, Capri Global Capital, Finolex Industries, CESC, Sun Pharma Advanced Research … Read more
NEW DELHI: Spread across almost every nook and corner of Dalal Street, Life Insurance Corporation of India or LIC‘s portfolio is humongous with Rs 10 lakh crore riding on as many as 273 stocks. So far in the calendar year 2023, there are 12 stocks in LIC’s kitty that have delivered at least 20% return … Read more
Reflecting the muted performance of equity markets in fiscal 2023, the funds raised through initial share-sales in FY23 more than halved, compared with previous financial year. A total of 37 companies hit the primary markets in FY23 raising just over Rs 51,000 crore as against 53 IPOs garnering over 1.11 lakh crore in FY22, according … Read more
Middle Eastern investors including International Holding Co PJSC and Abu Dhabi Investment Authority are bidding to buy stock in the $2.5 billion follow-on share sale floated by Indian billionaire Gautam Adani’s flagship, according to people familiar with the matter. Mubadala Investment Co PJSC, SA have also bid, the people said, asking not to be identified … Read more
UK-based private equity firm Apax Partners sold 4.3% stake in Ltd through the open market on Friday, according to the data on exchanges. With this, the private equity firm has brought its stake to negligible levels in the non-bank finance company. The private equity firm sold 1,59,93,734 shares on the BSE at Rs 1,300 apiece, … Read more
The combined market valuation of the top 10 valued firms eroded by Rs 1,68,552.42 crore last week, with taking the biggest hit in an overall weak broader market. Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging COVID cases in China and a few other nations, while … Read more
Mumbai: Reliance Capital‘s administrator informed resolution applicants that they will need to offer at least ₹6,500 crore – pegged as the threshold bid amount – to participate in the auction for the company, said people aware of the development. The Piramal-Cosmea combine, the Group, Torrent Investment and Oaktree Capital are expected to take part in … Read more
Nifty futures on the Singapore Exchange traded 242.5 points, or 1.43 per cent higher at 17,110.5, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade: : The largest mortgage lender in the country said loans assigned in Q2FY23 stood … Read more
New Delhi: Shares of , the parent company of , rallied as much as 4 per cent during the early trade on Monday as the shareholders gave nod for the re-appointment of Vijay Shekhar Sharma. Shareholders of the fintech firm have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer … Read more