REC

Buy, Sell or Hold: Nuvama initiates coverage on Eureka Forbes; Religare Broking positive on REC

by
Buy, Sell or Hold: Nuvama initiates coverage on Eureka Forbes; Religare Broking positive on REC

Brokerages remain optimistic on select mid-to-large cap names, highlighting strong structural drivers and attractive valuations. Nuvama has initiated coverage on Eureka Forbes, Religare Broking has turned positive on REC Ltd, while Motilal Oswal reiterated its bullish stance on Biocon. The common thread across these calls is robust earnings visibility, leadership in core segments, and growth … Read more

Will NaBFID successfully navigate offshore bond market?

by
Will NaBFID successfully navigate offshore bond market?

Mumbai: The National Bank for Financing Infrastructure and Development (NaBFID) held non-deal investor meetings in Hong Kong last week as part of preparations for its first offshore bond issue, people familiar with the matter said. Citibank was coordinating the meetings, which aimed to gauge investor appetite ahead of a potential dollar bond sale, they said. … Read more

Discom health improving gradually; NTPC, Power Grid, PFC top picks: Nikhil Nigania

by
Discom health improving gradually; NTPC, Power Grid, PFC top picks: Nikhil Nigania

“This year weather has been less warm compared to last year which is pulling down this demand on top of the high base of last year. So, near-term, yes, it could be low, but medium to long-term 1x real GDP which is 6% to 7% that is what we think should hold on power demand,” … Read more

NBFCs seek easier terms for financing to tide over crunch

by
NBFCs seek easier terms for financing to tide over crunch

Mumbai | Kolkata: Non-banking finance companies (NBFCs) sought a higher external commercial borrowing (ECB) limit in their first meeting with Reserve Bank of India (RBI) governor Sanjay Malhotra on Thursday, along with easier asset classification for alternative vehicle financing, freer use of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) … Read more

Stocks to buy or sell today: Wipro, Infosys among top 6 trading ideas for 12 November 2024

by
Stocks to buy or sell today: Wipro, Infosys among top 6 trading ideas for 12 November 2024

Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed positive with gains of 0.03% at 24226 levels on Monday. The volatility index India Vix fell by 1.38% to 14.27, indicating a decline in market volatility. On the options front, the maximum Call OI is placed at 25,000 … Read more

REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared

by
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared

State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. The total interest income earned by the NBFC during the quarter stood at Rs 13,485 crore which was up 18% over Rs 11,399 crore reported in … Read more

What to expect from Reliance’s AGM 2024? Amnish Aggarwal answers

by
What to expect from Reliance’s AGM 2024? Amnish Aggarwal answers

“Now, I think what markets will be keenly watching out for in this year’s AGM is more on the announcements regarding their green energy initiatives and new energy. Because these are some of the initiatives where they have been talking about, you can say, spending a lot of money, a lot of big corporates are … Read more

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

by
Markets peak on optimism, not on relative pessimism: Deepak Shenoy

“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more

Worries build up over RBI strictures on infra financing

by
Worries build up over RBI strictures on infra financing

Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India‘s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more