After a robust financial performance and 5 straight months of gains, brokerage house HDFC Securities has picked EPL as its ‘pick of the week’ “We believe investors can buy the stock in ₹245-255 band (20.5x FY26E EPS) and add on dips in ₹220-230 (18.5x FY26E EPS) band for a base case fair value of ₹274 … Read more
The Indian stock market indices, Sensex and Nifty 50, are likely to open on a muted note Friday following weak sentiment in the global markets. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,834 level, a discount of nearly 6 points from … Read more
Following a disappointing performance in the June quarter (Q1FY25) for the banking space, Axis Securities has identified ICICI Bank, State Bank of India (SBI), and Federal Bank as its top picks in the sector. Meanwhile, among NBFC, it has chosen Cholamandalam Investment & Finance Company (CIFC) and Nippon Life India Asset Management on the back … Read more
Mazagon Dock Shipbuilders share price traded sharply lower in early trade on Monday as brokerage firm ICICI Securities sees a massive downside of 77% on the defence PSU stock. Mazagon Dock shares declined as much as 5.5% to ₹4,700.00 apiece on NSE. ICICI Securities believes the defence stock Mazagon Dock Shipbuilders share is overvalued at … Read more
Short selling is a trading strategy used as a financial term in the stock markets. In short selling, traders speculate over a stock and expect its price to fall. Short-selling traders are commonly known as short sellers. They place their bets on a company’s stock, which they anticipate will fall in a specific period of … Read more
Top News Goods and Services Tax In July 2024, Goods and Services Tax (GST) collections surged to ₹182,075 crore, reflecting a notable 10.3% increase from the ₹165,105 crore collected in July 2023. This uptick was seen across all categories, including Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess, as reported by ANI. … Read more
Yes Bank, a prominent private sector lender, has drawn attention after reporting robust earnings for the quarter ending June 2024 (Q1FY25). The bank posted a net profit of ₹502.43 crore, representing a 46 percent increase from ₹342.5 crore in the same quarter the previous year. The bank’s net interest income (NII) grew by 12.2 percent … Read more
The Union budget for 2024-25 has proposed several changes in the capital gains tax structure, some of which are surprising moves that the mutual fund industry and the wider market community were not prepared for. One of the most significant was the hike in long-term capital gains tax from 10% to 12.5%. The budget’s proposal … Read more
Indian stock market after the Union Budget 2024 announcement is set to witness the launch of two new initial public offerings (IPOs) and the listing of two companies in the coming week. Dalal Street is expected to witness the issue of the two pharmaceutical sector IPOs, one EV maker IPO, and one SME IT company … Read more
Q1 results: As the corporate earning season continues, the market will witness several marquee companies disclosing their financial results next week. We take a look. Also Read | Q1 Results, US Fed Policy, global cues among key stock market triggers this week Q1 results expected — July 29 to August 4 Q1 Earnings on July … Read more