Mirae Asset forecasts strong growth for ten BFSI stocks. These include industry giants like ICICI Bank, HDFC Bank, and SBI. Bajaj Finance shows a potential 37% surge. These picks offer investors a mix of growth and stability. Bank of Baroda and Federal Bank also present attractive opportunities. Kotak Mahindra Bank and Shriram Finance offer stable growth potential.
Posts in category All News
Urban middle class ‘shrinking’, when will PM recognise this reality: Congress (27-11-2024)
Congress leader Jairam Ramesh highlighted India’s economic struggles, citing declining household savings, a cyclical downturn impacting corporate earnings, and job losses due to technological advancements. These factors, according to a report by Marcellus Investment Managers, have led to a shrinking urban middle class and reduced consumer spending, even in the FMCG sector.
Stock market update: Nifty IT index 0.37% in a weak market (27-11-2024)
The Nifty IT index was trading 0.37 per cent at 44247.40.
Share price of BEL as Nifty (27-11-2024)
A total of 563,005 shares changed hands on the counter till 10:08AM (IST).
Buy Varun Beverages, target price Rs 700: Axis Securities (27-11-2024)
Axis Securities has given a ‘buy’ call for Varun Beverages Ltd., setting a target price of Rs 700. The company’s recent strategic acquisition, focus on expanding distribution, and commissioning of new facilities are expected to drive growth and profitability. For Q3 2024, Varun Beverages reported total income of Rs 4828.93 crore and a net profit of Rs 628.92 crore.
RailTel Corp bags Rs 15.21-cr order from Kakinada Smart City Corporation (27-11-2024)
RailTel Corporation of India has received a work order from the Kakinada Smart City Corporation for SITC and operations & maintenance of existing communication center of KSCCL, Kakinada located in Andhra Pradesh amounting to Rs 15.21 crore.
Lotus Chocolate Company: A Tasty Affair (27-11-2024)
Reliance has already taken over the management, so this is nothing new. Reliance plans to feed its retail / grocery businesses with chocolates, cocoa or other such products using this and undercut the competition. But track record of Reliance to create value in their acquired companies is not great. See businesses such as Hathway, Den Networks, various media companies, Just Dial etc. They only fit in as small pegs in the larger Reliance Gameplan and may not necessarily be a priority for them. So, one must be careful, especially given that the valuation has already run up so much.
Unless there is evidence to show that this time it’s different.
Stock market update: Sugar stocks up as market rises (27-11-2024)
The 30-share BSE Sensex was up 10.41 points at 80014.47
Share price of Adani Power as Sensex drops 36.61 points (27-11-2024)
Promoters held 47.2 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 12.66 per cent and 1.51 per cent, respectively.