BUSINESS
Foreign investors to return to India if Fed stops hiking rates, says Mukherjea of Marcellus
Saurab Mukherjea talks about top sectoral bets and market outlook. What all investors need to realize is that good companies always give conservative guidance. Whereas bad companies give aggressive guidance on results and then disappoint later on.
BUSINESS
Satin Creditcare Network rallies 12% on 60% surge in Q4 net profit
On a 5-year basis, Satin Creditcare Network Ltd stock has underperformed the benchmark Nifty50 index by a considerable margin. The Satin Creditcare Network Ltd stock has lost 57.22 percent of its value over the last 5 years. Whereas, the benchmark Nifty50 index has given a return of 70.94 percent over the same duration.
BUSINESS
RVNL rallies 9% in early trade after fetching ‘Navratna’ status
The RVNL stock has given a return of 248.7 percent in the last one year. Thus, comfortably outperforming the benchmark Nifty50 index which has given a return of 6.32 percent during the same duration.
BUSINESS
M&M Finance rallies 6% in early trade after robust Q4 result
Morgan Stanley is overweight on M&M Finance with a target price of Rs 310 a share. The stock has given a return of 50 percent in the last year
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a flat start for the broader index today with a loss of 14 points after the Nifty closed 149 points higher at 18,065 on Friday. The US markets ended in the red, while European markets showed tepid trading. Asian indices throw up mixed trends this morning
BUSINESS
Berkshire's Charlie Munger predicts imminent trouble for US commercial property market
Berkshire Hathaway has a long history of supporting US banks through periods of financial instability. The sprawling insurance behemoth invested $5 billion in Goldman Sachs during the 2007-08 financial crisis and a similar sum in Bank of America in 2011.
BUSINESS
Nouriel Roubini sees tough choices ahead for Fed to bring stability in US economy
Achieving price stability, growth stability and financial stability with one policy tool, that is the fed funds rates to me looks like mission impossible. So, either hard landing and a financial crash or the re-anchoring of inflation expectations.
BUSINESS
Motilal Oswal drops 3% after net profit tanks 45% YoY
Since the start of 2023, the Motilal Oswal stock has lost 12.13 percent of its value. Thus, underperforming the benchmark Nifty50 index by a considerably margin. As the benchmark Nifty50 index has remained flat since the start of this year.
BUSINESS
Shriram Finance shares decline 6.57% despite 18% surge in Q4 net profit
On a 5-year basis the Shriram Finance stock has considerably been outperformed by the Nifty50 benchmark index. As the Shriram Finance stock has lost 15.33 percent of its value over the last 5 years. Whereas, the Nifty50 benchmark has given a return of 66.73 percent during the same duration.
BUSINESS
Brokerages forecast 6.7% rise in Kotak Mahindra Bank net profit for Q4
Kotak Bank share has given a return of 60.50 percent over the last five years. Thus, underperforming the benchmark Bank Nifty index which has given a return of 69.18 percent over the same duration.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a positive start for the broader index with a gain of 140 points after the Nifty closed 101 points higher at 17,915 on Thursday amid general positive vibes from the US, European markets and upbeat trading in Asian indices
BUSINESS
UTI AMC rallies 3% in early trade on robust Q4 results
The UTI AMC stock has given a return of 34.25 percent after it was listed on the bourses on October 12, 2020 but has lost 20.59 percent of its value since the beginning of this year
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly negative start for the broader index with a loss of 37 points after the Nifty closed 44 points higher at 17,813 on Wednesday. US markets ended higher but Europe traded in the red, while Asian indices threw up mixed trend
BUSINESS
Axis Bank Q4 interest income to rise 37% but Citi merger to weigh on bottomline
In March 2023, Axis Bank said it has completed the acquisition of Citibank’s retail business in India for a final cash consideration of Rs 11,603 crore. Last year, the lender agreed to purchase Citibank’s India Consumer Business from Citibank NA and the NBFC Consumer Business from Citicorp Finance (India) Limited
BUSINESS
Mahindra CIE zooms 8% on robust Q4 performance
Mahindra CIE, has surged 71 percent in the past year and 380 percent in the past three years, reported a nearly 73 percent growth in fourth-quarter profit at Rs 279 crore
BUSINESS
AU Small Finance Bank trades lower after Q4 result
AU Small Finance Bank posted its highest quarterly profit of Rs 425 crore in the March quarter, up 23 percent from the year-ago period. Its net profit for FY23 stood at Rs 1,428 crore, up 26 percent from the previous year
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly negative start for the broader index with a loss of 37 points after the Nifty closed 25 points higher at 17,769 on Tuesday. Negative sentiment ruled markets around the world with the US and European indices trading in the red and Asian markets trading lower
BUSINESS
Bullish on the Indian markets, Nifty may hit new highs in May: IIFL Finance’s Sanjiv Bhasin
The first 15 days of April have made up for all the pessimism of February and March, says IIFL Finance’s Sanjiv Bhasin. He believes that the market might hit new highs in May 2023.
BUSINESS
IIFL Securities rallies 8% on robust profit growth in March quarter
IIFL Securities has reported a 9.4 percent rise in consolidated net profit at Rs 86.39 crore in the March quarter of the financial year 2022-23
BUSINESS
Mahindra Lifespace rallies on bagging Rs 850-crore redevelopment project
The Mahindra Group company has been selected as a partner to redevelop a residential society in Mumbai’s Malad West neighbourhood
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly positive start for the broader index with a gain of 45 points on Tuesday after the Nifty closed 119 points higher at 17,743 on Monday. The US and European markets traded down, while the Asian peers threw up mixed trends
BUSINESS
Bank of Maharashtra share rallies over 5% after robust Q4 results
On a 5-year basis, Bank of Maharashtra stock has outperformed the benchmark Nifty Bank index by a considerable margin. As the stock has rallied by 113.45 percent whereas the Nifty bank index has given a return of 66.73 percent.
BUSINESS
Yes Bank shares trade 4% down on poor Q4 numbers
The Yes bank stock has lost 27.94 percent of its value since the start of this year. Thus, significantly underperforming the benchmark Nifty Bank index which has mostly remained flat since the start of this year and has lost 1.94 percent of its value.
BUSINESS
IndusInd Bank shares edge up as brokerages forecast 43.3% rise in Q4 net profit
The brokerage house Kotak Institutional Equities, expects the bank to report net profit of Rs 1,812.6 crore, up 33 percent YoY and 7 percent sequentially. Net interest income (NII) is expected to rise 15.2 percent YoY and 2 percent quarter on quarter (QoQ) to Rs 1,062 crore. Kotak expects pre-provision operating profit (PPOP) to rise 6 percent YoY and 4 percent QoQ to Rs 1,924.6 crore.
