Nearly 50 companies will be announcing their December quarter earnings on Saturday with Street keeping its eyes fixed on the results of PSU lender State Bank of India (SBI). Among other important results will be those by Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals, Krishna Institute of Medical … Read more
Indian market is likely to trade lower on Thursday tracking muted global cues. The Nifty future closed negative with losses of 2.01% at 21587 levels on Wednesday. India VIX was up by 11.13% from 13.57 to 15.08 levels. Positive setup was seen in stocks like LTTS, OFSS, Birla Soft, BHEL, Persistent Systems, L&TFH, Lupin, Torrent … Read more
Stiff competition for IndiGo: InterGlobe Aviation, the owner of IndiGo, is expected to face challenges in gaining market share in the near future due to intense competition. The airline gained a significant share after Go First’s bankruptcy in May last year. From April to September 2023, IndiGo‘s market share rose to 63.4% from 57.5%. However, … Read more
ET Intelligence Group: Intense competition is expected to make it difficult for InterGlobe Aviation, the owner of IndiGo, to gain market share in the medium term. The country’s largest airline was the biggest beneficiary of Go First’s bankruptcy last May. Between April and September 2023, the market share of IndiGo increased to 63.4% from 57.5%. … Read more
While Dalal Street saw foreign investors taking the slow lane towards the end of the September quarter, retail investors bet big bucks during the same period, showing their underlying faith in the domestic market. The shareholding data of retail investors showed that in value terms, the stocks bought by them outnumbered those sold. In 10 … Read more
Global brokerage firm Nomura maintained a reduce rating on TCS and upgraded Infosys to neutral from reduce. Goldman Sachs maintained a buy rating on Indigo while Macquarie maintained an outperform rating on HDFC Bank and CLSA initiated a buy on Amber Enterprises. We have collated a list of recommendations from top brokerage firms from ETNow … Read more