IOC bear case could see stock fall 49%, as per Goldman Sachs as earnings risks persist

Goldman Sachs said the EBITDA loss run-rate for integrated OMCs remains elevated and is higher than the peak losses seen in CY22.

Goldman Sachs said the EBITDA loss run-rate for integrated OMCs remains elevated and is higher than the peak losses seen in CY22.

On the charts, Hyundai Motor India trades below key moving averages and has also slumped into “oversold” territory. The RSI on the charts is now at 24. An RSI reading below 30 means that the stock is “oversold.”

RBI caps bank rupee positions to curb record rupee slide as oil surge and West Asia conflict strain India bonds, yields, and rate hike expectations.

Rentomojo operates a tech-led, direct-to-consumer platform that offers furniture and home appliances on a rental and subscription basis. The company is currently the largest player in the organised online rental segment, with an estimated market share of 42-47% based on…

Usually, banks are allowed to have net open positions of up to 25% of their respective tier-1 capital, while there are no caps on gross positions.

With the latest clearance, the total approvals in the present fiscal have risen to a record of ₹6.73 lakh crore (excluding the Rafale acceptance of necessity of ₹3.25 lakh crore). This is more than triple the previous year’s figure of…

With this, Urban Company said that InstaHelp has become the fastest-scaling business unit in the history of Urban Company’s operations.

While ICICI Bank is down about 8% year-to-date, and the Nifty 50 has declined around 13%, HDFC Bank has fallen 24% over the same period. As a result, the stock now trades at a 17% discount to ICICI Bank, making…

It is important to note that the expiry of the lock-in period does not necessarily mean all these shares will be sold in the open market, but they will become eligible for trading. Here’s a look at the list:

Gold and silver prices fall on March 30 as COMEX gold and COMEX silver track global weakness amid higher bond yields, stronger US dollar and inflation risks.