ET Intelligence Group: The June quarter data on sales volume and financials of the real estate sector show that the pandemic has intensified consolidation in favour of listed large players. Slump in demand and lack of labour for construction activities led to a sharp decline in volume and revenue of realty companies but, some of … Read more
It looks like Torrent Pharma is going to make fresh 52-week highs past Rs 3,100 and possibly even Rs 3,500, says the Chief Market Technician, cashthechaos.com How are you reading the market right now? Today it has been extremely range bound for the front line indices. Is it readying for a big breakout or some … Read more
Mumbai: Ashok Soota-promoted Happiest Minds Technologies raised a total of Rs 315.91 crore from 25 anchor investors, ahead of the launch of its Rs 702-crore initial public offer (IPO) on Monday. The investors include Government of Singapore, Pacific Horizon Trust, Kuwait Investment Auth Fund, and nine mutual funds among many others. Here are the full … Read more
There is a mega bull market playing in midcap IT and we have been recommending some stocks in this space to our subscribers, says the Founder & Chief Strategist at Goldilocks Premium Research. Let us talk about this relentless move. Now we are at 11,600. Do you reckon that we are in for a bout … Read more
MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of LIC is one of the highest in the industry. You also have the best bancassurance tieup, but you have not managed to capitalise on that.True, this is something we have … Read more
Mumbai: Lexington Equity Holdings Ltd., (LEHL) is set to take over IL&FS education arm Schoolnet India lt., after the committee of creditors approved the sale, two people aware of the development said. As per the deal, LEHL would service the entire debt of Rs 600 crore owed by Schoolnet and would pay a small equity … Read more
NEW DELHI: Escalating tensions between the US and China, a record spike in Covid-19 cases in India and market fatigue following a non-stop rally dragged the domestic equity indices into the red on Monday. Private lenders were dealt the biggest blow, as investors dumped their stocks. ICICI Bank was the biggest loser, down over 6 … Read more
There will be more opportunities for the ARCs and stressed asset funds to do more deals and acquire more assets. They can provide last mile capital and there will be more acquisitions, says MD & CEO Rajkumar Bansal. We are getting reports that there has been a sharp recovery as far as your business is … Read more
By Chandan Taparia Nifty opened positive near the 10,800 mark on Tuesday, but failed to hold at higher levels and drifted towards the 10,690 mark in first half of the session. However, the index witnessed a decent recovery of 100 points from lower levels as the bulls took the opportunity to buy the decline. The … Read more