Rajesh Palviya handpicks 4 stocks that could give 16-19% return in the next 1 month

Rajesh Palviya handpicks 4 stocks that could give 16-19% return in the next 1 month

The Nifty started the week on a positive note but witnessed selling at higher levels to end the week on a weak note. The Nifty50 closed at 21622 on 19th January with a loss of 272 points on a weekly basis. On the weekly chart, the index has formed a Bearish candle which engulfed its … Read more

Hot Stocks: Brokerages view on Nestle India, HUL, Amber Enterprises and PNB Housing Finance

Hot Stocks: Brokerages view on Nestle India, HUL, Amber Enterprises and PNB Housing Finance

Brokerage firm CLSA maintained a buy on Amber Enterprises and Macquarie remained neutral on Nestle India. HSBC downgraded HUL to hold and Motilal Oswal upgraded PNB Housing Finance to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Amber Enterprises: Buy| Target Rs 3650 CLSA … Read more

Omkara ARC buys Joyous’ Rs 784-crore PNB Housing loan

Omkara ARC buys Joyous’ Rs 784-crore PNB Housing loan

Mumbai: Omkara ARC has acquired ₹784-crore loan outstanding from PNB Housing Finance of Joyous Housing Limited. The transaction happened at par and helped the mortgage lender in resolving a significant non-performing asset. Omkara ARC bought the account in an all-cash deal, said two people aware of the development. PNB Housing Finance had announced the successful … Read more

PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA

PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA

Mortgage lender PNB Housing Finance shares rallied 8% to Rs 688 in Monday’s trade on BSE after the firm resolved and fully recovered a corporate non-performing asset (NPA) of Rs 784 crore. The company said it has fully recovered this corporate NPA, constituting about 1.3% of the loan asset as of June 30, 2023. The … Read more

Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others

Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others

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

Stocks in the news: TCS, HCL Tech, HDFC, Tata Motors, HUL and Ambuja Cements

Stocks in the news: TCS, HCL Tech, HDFC, Tata Motors, HUL and Ambuja Cements

Nifty futures on the Singapore Exchange traded 278 points, or 1.61 per cent lower at 17,036, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: : The Tata Group’s IT major will officially kick-off earning season of India Inc. … Read more

These BSE500 stocks shot up 10-39% even as bears tightened grip on D-Street

These BSE500 stocks shot up 10-39% even as bears tightened grip on D-Street

NEW DELHI – Domestic equity markets suffered a sharp decline in the week gone by as mounting concerns over high inflation both home and abroad stoked speculation of aggressive rate increases by central banks. The week gone by was a volatile one for stock markets as the Reserve Bank of India (RBI) announced a 50-basis-point … Read more

PNB Housing sees sharp target cuts, ‘sell’ ratings as Carlyle deal called off

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NEW DELHI: is staring at a significant derating after the NBFC board decided not to proceed with the proposed preferential issue of Rs 4,000 crore at Rs 390 per share to the Carlyle group, General Atlantic, SSG Group and other investors. A few brokerages have already cut their ratings to ‘sell’ and reduced price targets … Read more

PNB Housing deal: Sebi moves SC

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(This story originally appeared in on Sep 03, 2021) MUMBAI: PNB Housing has informed the stock exchanges that markets regulator Sebi has approached the Supreme Court against a split order by the Securities Appellate Tribunal (SAT). Sebi is pushing the housing finance firm to relook at a deal to sell a Rs 4,000-crore stake to … Read more

Why influence PNB Housing’s meeting: SAT to Sebi

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(This story originally appeared in on Jul 14, 2021) MUMBAI: The Securities Appellate Tribunal (SAT) on Tuesday pulled up markets regulator Sebi for trying to pre-empt the outcome of the shareholders’ meeting on June 22. Questioning Sebi’s decision to halt an extraordinary general meeting (EGM) of Housing, the tribunal asked whether it was fair for … Read more