The Nifty 50 reversed from the support level around 22,300 and ended the session with a gain of 38 points at 22,498. The Sensex slipped 13 points, closing at 74,102. While the broader market showed some positive momentum, the Nifty…
According to data available on the Bombay Stock Exchange (BSE), India’s mutual funds own a 30.31% stake in IndusInd Bank at the end of the December 2024 quarter. This is double of the 15.63% stake they held in the lender…
The new partnership signed between the two companies has increased Hindustan Zinc’s overall renewable energy contribution to more than 70% of its total power requirement.
Ashok Hinduja, Chairman of IndusInd International Holdings, noted that IndusInd Bank’s capital adequacy remains at over 15% even after the recent provisioning.
IndusInd Bank’s larger private peers, including HDFC Bank, ICICI Bank and Kotak Mahindra Bank are trading at 2.3 times to 2.5 times their one-year forward price-to-book multiple.
According to ICICI Securities, the recent decline in Tata Communications stock has made valuations compelling, and risk-reward favorable.
Persistent Systems was added to CLSA’s “high-conviction outperform” list with a price target of ₹9,267. The price target implies a potential upside of 79% from Monday’s closing price.
Record date for determining the shareholders who are entitled for the said dividend is yet to be fixed.
In India, 24-carat gold prices dropped by ₹330 per 10 grams to ₹87,490. Meanwhile, 22-carat gold rates rose by ₹300 to ₹80,200 per 10 grams.
With slowing earnings, weaker inflows, and rising global competition for investments, Indian equities may face a challenging few years, making selective stock picking essential.