While the subdued performance of ITC shares in the last one year may have thrown it off the watchlist of crores of retail investors on Dalal Street, the bluechip has the highest win rate on Budget days among all Sensex stocks. An analysis of how Sensex stocks have performed in the last 10 Budget days … Read more
Brokerage firm Nuvama has a reduce call on Kotak Bank, while Goldman Sachs and Jefferies have a buy rating on HDFC Bank. Investec has maintained a sell call on PVR Inox.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Nuvama on Kotak Mahindra Bank: Reduce | Target price: Rs … Read more
Mumbai: Mankind Pharma, Dr Reddy’s Laboratories and Torrent Pharma are among those that have evinced interest in acquiring JB Chemicals & Pharmaceuticals from KKR, said multiple people aware of the development. A few large private equity funds that considered the deal have been discouraged by the high valuation, they said, adding that the first round … Read more
Indian headline indices ended with sharp cuts on Tuesday amid selling pressure in all sectors. The worst hit were FMCG, IT and energy. While The S&P BSE Sensex settled at 72,012.05, lower by 736.37 points or 1.01%, the broader Nifty closed at 21,817.45, down by 238.25 points or 1.08%. India VIX, a measure of volatility … Read more
Brokerage Nomura maintained a neutral rating on HDFC Bank, Kotak Mahindra Bank has a buy rating on InterGlobe Aviation, Jefferies recommended a buy on Piramal Pharma and UBS maintained a buy on Infosys. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on HDFC Bank: Neutral| Target … 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
Veteran banker Uday Kotak said on Wednesday that Indian stock markets are nowhere near bubble territory. He made this remark in the presence of Sebi chief Madhabi Puri Buch, who earlier this week raised concerns of potential “froth” or “bubbles” in pockets of the market. “There may be a little froth, it could be a … Read more
NEW DELHI: Dalal Street investors became poorer by Rs 13.47 lakh crore in a single day on Wednesday amid heavy selling in the equity market, where the BSE benchmark Sensex tumbled over 900 points. A sharp fall in smallcap and midcap indices played spoilsport for the markets. The 30-share BSE benchmark tanked 906.07 points or … Read more
Mumbai: Indian equity indices closed at fresh all-time highs on Wednesday with the Sensex ending above 74,000 for the first time, bucking overnight weakness on Wall Street. Private banks and select auto shares led gains as investors shuffled their holdings by cutting exposure in recent top performers, mainly smallcap and midcap stocks, considered to be … Read more
Several asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in the Swiss auctions that lenders have initiated for three road projects – Pink City Expressway, Haridwar Highways Project, and Rohtak Hissar Tollway – and Metenere, a manufacturer of recycled non-ferrous products. Kotak Mahindra Bank-sponsored Phoenix ARC, … Read more