According to Nuvama Alternative & Quantitative Research, Yes Bank and Indian Bank’s inclusion in the Nifty Bank could result in inflows worth $104.7 million and $72.3 million respectively.
According to forex traders, the outflow of foreign funds amid selling pressure in the equity markets prevented a sharp gain in the domestic unit.
Considering a strong earnings CAGR of 43% over FY25-28 and over 30% RoE, the brokerage believes Rubicon deserves to trade at a premium valuation.
Under the partnership, L&T said it would participate in the upcoming 87 MALE RPAS programme of the ministry of defence, where it would be the prime bidder and GA-ASI would be the technology partner.
Trideep Bhattacharya, Chief Investment Officer-Equities of Edelweiss AMC believes the IT sector’s earnings are bottoming out, positioning it as a potential ‘contra play’ over 12-15 months.
Neeraj Seth, Founder and CIO of 3R Investment Management, said that if the Federal Reserve pauses rate cuts and the dollar continues to strengthen, gold prices could move lower against the dollar.
Strong prices on the LME are likely to offset the impact of weak volumes and support expansion of Vedanta’s margins during the quarter. Aluminium and Zinc prices were up 7% on a sequential basis during the quarter and that will…
28 analysts have coverage on Bandhan Bank out of which 14 have a “buy” rating, ten say “hold”, while four have a “sell” rating.
Navin Fluorine expects a better second half across segments for the company and the CDMO business may see revenue of $100 million in financial year 2027.
Swiggy’s Q2 was mixed, marked by an improvement in contribution per order for Instamart, though this came at the cost of slower order growth and customer additions.