The first quarter earnings season is in full swing and about 34 companies will announce their results on Tuesday. Among these, investors can watch out for the key results of HUL, Bajaj Finance, United Spirits, ICICI Sec and ICICI Pru Life. Apart from the above, companies like DCM Shriram, Gard Furnace, Icra, Infobeans Technologies, M&M … Read more
Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024. Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year. The company’s … Read more
Home Business Sensex Hits All-time High Of 75,582.28, Nifty Crosses 23,000 Mark For First Time BSE Sensex rose by 164.24 points, reaching an all-time high of 75,582.28 in early trading. File Sensex Nifty All-time High: Equity benchmark index Sensex hit its all-time high of 75,582.28 in early trade on Friday. Meanwhile, Nifty crossed the 23,000 … Read more
Reckoning that past experiences suggest that election results impact on markets does not last beyond six months, Mahesh Patil, CIO, Aditya Birla Sun Life AMC, says the market has a tendency to continue with its inherent trajectory based on fundamentals. “Hence, we would not try to time election outcomes and rather focus on stock picking … Read more
Fiscal 2024 has come to an end with a lot of churn in the broader market, which spilled, to a certain extent, onto the largecap stocks as well. If we look at the overall year, it was a rewarding period for Indian investors, where large caps rallied substantial 33%, midcaps surged by 56%, and small … Read more
Shares of banks and NBFC shares like Bajaj Finance on Thursday rose up to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and … Read more
Brokerage firm HSBC maintained a buy rating on Sun Pharma, Citigroup recommended a buy rating on ICICI Bank, JPMorgan has an overweight rating on Bajaj Finance and CLSA recommended a buy rating on Avenue Supermarts. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on Sun Pharma: … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
US brokerage Jefferies has maintained a buy view on Bharti Airtel and MGL while Cummins India received a ratings upgrade from HSBC. Among other notable brokerage actions, BofA reiterated a buy view on NBFC play Bajaj Finance while CLSA initiated a coverage on Avenue Supermarts. Kotak Securities also upgraded IRB Infrastructure to ‘Add’ from an … Read more
The Indian market is likely to consolidate on Thursday tracking muted global cues. The Nifty future closed negative with losses of 1.66% at 22,073 levels on Wednesday. India VIX was up 5.79% from 13.64 to 14.43 levels. Positive setup was seen in stocks like Abbot India, ICICI Bank, and Bajaj Finance while weakness in NALCO, … Read more