The bank lacked management talent/depth to scale businesses beyond MFIs. It was encouraging to see new senior hires from top private sectors. In the near-term, normalisation in MFI will be the key, CLSA said.
The fintech major, whose share have registered the worst decline for any major initial public offering in the past decade, also told analysts that it plans to start generating free cash flow over the next 12-18 months.
With easing input price pressure and sustained demand, the power exchange should see a pick-up in volumes
While the buyer and sellers were not known immediately, it was earlier reported that SoftBank was looking to offload 5 percent stake in the company
ICICI Direct, US dollar slipped yesterday amid decline in US treasury yields.
According to Geojit , Mixed trend was seen in NCDEX spices complex on Thursday. Jeera futures were up on firm demand.
Marksans Pharmaceuticals, PDS, Lumax Auto Technologies, Devyani International, Mishra Dhatu Nigam are among the top 5 smallcap picks of HDFC Securities.
Voltas closed nearly 3 percent higher at Rs 842.35 apiece on Thursday and formed long bullish candle on the daily charts with strong volumes
Stock Market LIVE Updates: Power and Auto indices down 1 percent each, while buying is witnessing in the oil & gas and metal stocks.
Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.
In addition to the absolute relief of $2/mmbtu in FY24 (vs Oct 2022 price), the pricing direction announced for the next few years (i.e., escalation of $0.5/mmbtu annually), provides the much-needed visibility and clarity on priority sector gas costs for CGDs, believe experts.
Stocks to Watch: Check out the companies making headlines before the opening bell.
The Rs 836-crore IPO received bids for 2,04,29,925 shares against 1,01,37,360 shares on offer, according to NSE data.
Among sectors, PSU Bank, IT, realty and metal indices were up 1-2 percent. The BSE midcap and smallcap indices added 0.6 percent each.
The BSE midcap and smallcap index added 0.6 percent each.
A report of today's highs and lows in the Stock market. Watch Live on moneycontrol.
The mark to market statement of traders has been a talking point in the market. Over the last couple of years, many experts have taken to sharing screenshots of their portfolios on social media platforms. Why do traders post the screenshots of their profit & loss (P&L) statements and what is the market saying about the verification of the same? Watch this chat between Nandita Khemka and Santosh Nair to find out.
Emkay Global Financial is bullish on SBI Cards has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated November 30, 2022.
ICICI Direct is bullish on Nesco recommended buy rating on the stock with a target price of Rs 800 in its research report dated November 30, 2022.
Sharekhan is bullish on Gland Pharma has recommended buy rating on the stock with a target price of Rs 2260 in its research report dated November 30, 2022.
Motilal Oswal recommended Neutral rating on Bandhan Bank with a target price of Rs 270 in its research report dated November 30, 2022.
Anand Rathi is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 1094 in its research report dated November 30, 2022.
Total sales in the domestic market stood at 1,52,716, down 4 percent from 1,58,755 units in the same month last year, the company said in a regulatory filing.
Will Nifty and Sensex hit new highs in December? If you are wondering which stocks to buy this month, tune into this live chat with Karunya Rao and Gaurav Sharma.
The company is acquiring the Europe based Cenexi group, whose profit margins and return ratios are much lower than Gland Pharma's