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.
KDDL (Ethos Watches) – Scalable business model at an inflection point? (21-10-2024)
It may have a temporary impact for a quarter or two. But just like increase in Capital gains taxes, market/customer get used to it after some time. Also people buying luxury watches above Rs 1 Lakh would be hardly worried when the watch cost 10K more than last month
$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Foreign institutional investors have withdrawn nearly $10 billion from the Indian stock market in October, marking a record high.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.
JM Financial soars after RBI lifts lending restriction imposed on subsidiary (21-10-2024)
JM Financial surged 5.23% to Rs 167 after the Reserve Bank of India (RBI) announced the lifting of restrictions imposed by it on JM Financial Products, a material subsidiary of the company.
Gensol Engineering partners with Matrix Gas & Renewables (21-10-2024)
To develop India’s first green hydrogen powered steel plant
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.
Tejas Networks Ltd Spurts 20%, BSE Telecommunication index Rises 1.01% (21-10-2024)
Tejas Networks Ltd has added 16.94% over last one month compared to 2.54% fall in BSE Telecommunication index and 3.43% drop in the SENSEX
Tata Consumer Products Ltd Slips 5.77% (21-10-2024)
Tata Consumer Products Ltd has lost 15.17% over last one month compared to 7.34% fall in BSE Fast Moving Consumer Goods index and 3.43% drop in the SENSEX