Mumbai: Most listed broking firms saw a decline in profits and revenues in the September quarter from April-June, weighed down by a drop in cash and derivatives market volumes and the impact of Sebi’s regulations introduced last year. Five leading listed brokers, including Motilal Oswal Financial Services, IIFL Capital Services, 5Paisa Capital, Angel One and … Read more
Mumbai: Analysts expect Billionbrains Garage Ventures, the parent of broking firm Groww, to make a tepid stock market debut on Wednesday. But they recommend investors to stay put, citing growth prospects. “Groww is likely to list at a premium of around 4-5% over the IPO price,” said Raj Gaikar, research analyst at Samco Securities. The … Read more
Stock market sentiment is likely to remain optimistic going ahead, though some consolidation cannot be ruled out after the recent sharp rally in the benchmarks, analysts said. According to experts, the Nifty and Sensex could indeed move towards new record highs before the end of the year, if global cues stay supportive, crude oil prices … Read more
Shares of IDFC First Bank rallied 3.3% to their day’s high of Rs 74.27 on the BSE on Monday after the lender posted a strong 75.5% year-on-year rise in standalone net profit to Rs 352.31 crore for the second quarter of FY26, driven by solid business growth and improving operating leverage, even as net interest … Read more
Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for … Read more
Motilal Oswal Financial Services has initiated coverage on National Securities Depository Limited (NSDL) with a ‘Neutral’ rating and a 12-month target price (TP) of Rs 1,200, implying a potential downside of around 8% from current levels. This target is based on a valuation of approximately 45 times estimated FY28 earnings per share (P/E ratio). The … Read more
Gold prices dropped Rs 400 to Rs 1,00,020 per 10 grams in the national capital on Wednesday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 1,00,420 per 10 grams in the previous market close. In the local market, … Read more
Gautam Duggad, Head Of Research, Director – Institutional Equities at Motilal Oswal Financial Services, says stock markets are reacting maturely to tariff impacts, with major sectors like financials and IT remaining relatively stable. Earnings growth is expected to be driven by domestic economic factors and a shift towards consumption-focused policies. While large sectors face limited … Read more
InterGlobe Aviation, which operates budget airline IndiGo, will announce its Q1 earnings on Wednesday, July 30 where the company is expected to report a decline in profitability in Q1FY26 as per estimates from leading brokerages. While revenue is projected to grow modestly on a YoY basis, higher base, weaker load factors, and stable-to-soft yields are … Read more
Mumbai: Shares of cement companies have seen renewed buying interest in the past few weeks following a rise in prices, expectations of strong first quarter results despite the onset of monsoons, and an expected FY26 rebound from circumspect sales last year. Analysts said that even on the technical charts, some stocks indicate a breakout. Companies … Read more