Vascon Engineers Ltd got a ₹115.9 crore LoI from Ahmedabad Municipal Corporation to develop Lotus Park in the South West Zone. The 54,000 sq. m. project will finish in 24 months.
HDFC ERGO General Insurance has elevated Parthanil Ghosh as MD & CEO, effective April 16, subject to regulatory approvals, succeeding Anuj Tyagi.
The near-term trend for the Nifty appears to have turned negative after the recent rebound. Analysts expect the index to slip below the recent swing low of 23,697 in the short term.
IT stocks have already seen a valuation reset and HSBC India’s Yogesh Agarwal says the next phase will hinge on these crucial factors.
None of the 45-50 analysts who have coverage on HDFC Bank, ICICI Bank or SBI, have a “sell” rating on the stock. HDFC Bank has lost over ₹25,000 crore in market cap today.
Nirmal Bang cited an interaction with the management of Polycab, who highlighted that the demand for wires and cables remains strong across multiple end-user industries, supported by government infrastructure spending.
Anirudh Garg, Partner & Head of Research at Invasset, says financials remain one of the strongest sectors despite recent volatility, with PSU banks, newer private banks and NBFCs better placed due to healthier balance sheets. He believes crude price spikes…
Adani Total Gas Ltd faced supply cuts from gas suppliers due to West Asia tensions, impacting industrial customers. Shares rose 18.87% to ₹561.60.
While private sector banks in India have a cap of 15 years for EDs on the board, as well as an age cap of 70 years, along with the need to seek RBI approval for their compensation, NBFCs do not…
ICICI Securities has the lowest price target of ₹1,800 per share on Colgate-Palmolive, implying a potential downside of 18%, while Nuvama has the highest price target of ₹2,740 per share, indicating an upside potential of 24.6%.