State-owned Punjab National Bank (PNB) shares jumped over 6% to Rs 74.1 in Friday’s trade on BSE after the PSU bank’s standalone net profit surged multifold to Rs 1,756 crore during the quarter ended September 2023. The profit growth was 327% from Rs 411 crore reported in the same quarter last year. Its net interest … Read more
Brokerage firm Morgan Stanley maintained an underweight rating on PNB as well as on L&T Finance. Macquarie recommends an outperform rating on Marico and Emkay initiated coverage on Indian Hotels with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on PNB: Underweight| … Read more
Shares of state-owned () jumped over 9.5% to hit 52-week high in Friday’s trade after getting government approval to divest its entire stake in (AMC). “The exchange is hereby informed that the bank has received approval of DIPAM, Ministry of Finance, Government of India for divestment of bank’s entire/part stake in UTI Asset Management Company … Read more
Indian market closed in the green on Wednesday for the second consecutive day. The S&P BSE Sensex rose nearly 100 points while Nifty50 closed above 18200 levels. Sectorally, buying was seen in the public sector, oil & gas, banks, metals, and energy stocks while some selling was seen in capital goods, consumer durables, and IT … Read more
Indian market snapped its 2-day winning streak to close in the red on Wednesday. The S&P BSE Sensex fell more than 150 points while Nifty50 closed below 18,200 levels. Sectorally, buying was seen in banks, FMCG, and telecom stocks while selling was seen in realty, metals, consumer durables, and healthcare. Stocks that were in focus … Read more