Posts in category Economic Times
Hot Stocks: 3 stocks that may give returns between 18- 59% (23-04-2024)
Here's a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 18% and 59% as per analysts’ price targets.
Europe emerges as hotspot for Indian IT M&As, tops buy chart (23-04-2024)
Indian IT giants are on a European shopping spree, snapping up companies at a rapid clip. Europe's booming tech sector, outpacing North America, has fueled over a dozen acquisitions since the pandemic.
MUFG likely to sweeten $1.7 billion offer for HDB Finance (23-04-2024)
The two sides are seeking to reach an agreement in about a month, the people said, asking not to be identified discussing private information. MUFG has been working on the purchase of a 20% stake in HDB Financial Services, Bloomberg News reported on April 12.
Jane Street’s $1-billion trade puts the spotlight on Indian options (23-04-2024)
Wall Street has been riveted by the trading firm's suit against two former employees and Millennium Management, after Jane Street claimed earlier this month that they stole a confidential and "immensely valuable" trading strategy. The strategy's focus on Indian options only became clear after lawyers for Millennium inadvertently identified the country in a hearing on Friday.
Capital Goods have the power to rally further (23-04-2024)
Based on meetings with six players focused on the T&D space and analysis of 12 players' commentaries, the brokerage said the pipeline of projects approved by the Central Electricity Authority of India (CEA) stands robust for next 2-3 years and is likely to be positive for most players in the value chain for the next 4-5 years. "Increase in market shares may result in 15-20% growth in T&D or energy segment inflows and revenues.
Surging interest in India papers gives a boost to Re-Eurobond issuances (23-04-2024)
According to data provided by UAE-based Cbonds, the total aggregate issuance of rupee eurobonds was at $2.54 billion in the first four months 2024, higher than $2 billion for the whole of 2023. Eurobonds are securities denominated in currencies that are different from the national currencies of the countries in which issuance takes place.
Apple named a top pick for 2024 at BofA ahead of key earnings (23-04-2024)
The company has a "rich catalyst path with defensive cash flows," wrote analyst Wamsi Mohan, who has a buy rating and $225 price target on the stock.
GSPL skids 19% after regulator halves HP Transmission tariff (22-04-2024)
PNGRB reduced the tariffs to ₹18.1/mmbtu (million British Thermal Unit), from the earlier price of ₹34/mmbtu. GSPL had asked a revision of price to ₹50.8/mmbtu to the board, which was not approved.
Reliance Retail Q4 Results: Net profit jumps 12% YoY to Rs 2,698 crore (22-04-2024)
In its earnings release, Reliance Retail said it undertook an equity fund raise of Rs 17,814 crore in FY24, including Rs 2,500 crore infused by Reliance Industries during the March quarter. It did not specify where the capital would be utilized.
HDFC Bank decision to refrain from price war on deposits and infra bonds will help improve NIM: Analysts (22-04-2024)
Effectively, the bank will not be required to set aside cash reserve ratio (CRR) and statutory reserve ratio on the infrastructure bonds. HDFC Bank absorbed HDFC Ltd's Rs 1 lakh crore infra bonds following the merger, effective July 2023.