IIFL has an add rating on RBL Bank while Nuvama has downgraded IndiaMart to reduce, while also reducing its target price.
Posts in category Economic Times
HDFC Bank shares jump 3% on Q2 beat, IPO nod. Should you buy, sell or hold? (21-10-2024)
Shares of HDFC Bank rose 3% to Rs 1,734 on BSE after it reported a 5.3% YoY rise in PAT for Q2, surpassing Street estimates. The bank received board approval for the IPO of its NBFC subsidiary HDB Financial Services. Loan and deposit growth trends varied, with overall robust performance noted.
HDFC Bank may see a good re-rating over 3-4 years; Kotak Bank to remain range-bound: Rahul Malani (21-10-2024)
Rahul Malani from Sharekhan advises that HDFC Bank is an attractive investment over the next three to four years, expecting significant growth by FY27. Kotak Mahindra Bank remains range-bound due to unclear RBI timelines. Investors should consider the medium-term potential of both banks while monitoring ongoing developments and quarterly performance indicators.
Neutral on Axis Bank, target price Rs 1,225: Motilal Oswal Financial Services (21-10-2024)
Motilal Oswal Financial Services has given a neutral rating for Axis Bank with a target price of Rs 1,225. The current market price is Rs 1195.25. Axis Bank reported a net profit of Rs 7401.26 crore for the quarter ending September 30, 2024. Promoters hold 8.29% stake, while FIIs and DIIs own 51.78% and 33.11%, respectively.
$10 billion sale! FII selling breaks all records. Is it just about China? (21-10-2024)
Foreign institutional investors have withdrawn nearly $10 billion from the Indian stock market in October, marking a record high. Contributing to this sell-off are concerns over China’s economic stimuli, overvaluation of Indian equities, a tepid corporate earnings season, and a stronger dollar impacting emerging markets.
No Monday blues! HDFC Bank, RIL lift Sensex over 450 points, Nifty above 24,950 (21-10-2024)
Indian indices opened higher, led by HDFC Bank and Reliance, despite negative global cues. HDFC Bank shares surged over 3% after strong quarterly profits.
Bullish Momentum: 7 stocks with White Marubozu Pattern (21-10-2024)
On October 18, seven stocks with market cap over Rs 1000 crore came to the bullish scanner of “White Marubozu”, according to stockedge.com’s technical scan data.
Hyundai’s India IPO harks back to another era (21-10-2024)
Hyundai Motor India Ltd.’s $3.3 billion IPO is India’s largest and may set a precedent for multinational listings, similar to Colgate-Palmolive’s 1977 IPO. Other firms like LG Electronics and Coca-Cola are considering similar moves, driven by India’s attractive valuations and robust investor base.
Dalmia Bharat stock in focus after Q2 profit slumps 60% on weak pricing (21-10-2024)
Shares of Dalmia Bharat are expected to be in the spotlight on Monday following a significant 60% decline in profit for the September quarter. The company’s net profit fell to Rs 49 crore, impacted by weak cement prices, despite an 8% increase in cement sales, totaling 6.7 million tonnes. Revenue from operations also dropped by over 2% to Rs 3,087 crore.
Buy Larsen & Toubro, target price Rs 4,250: Motilal Oswal Financial Services (21-10-2024)
Motilal Oswal Financial Services recommends buying Larsen & Toubro with a target price of Rs 4,250. The company’s current market price is Rs 3576.25. Despite recent underperformance, factors like strong order book and expected revival of domestic order inflows support this call. Key risks include order inflow slowdown and increased competition.