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Jefferies initiated coverage on rail rolling stock makers, recommending a Buy for Titagarh Rail Systems with an Rs 810 target, citing strong passenger and metro coach demand. Conversely, it issued an Underperform rating for Jupiter Wagons with a Rs 200 target, citing its freight-heavy business and slower growth prospects. Jefferies has initiated coverage on two rail rolling stock makers with contrasting calls, betting on a sharp re-rating in Titagarh Rail Systems while turning cautious on Jupit ...Read More >
Bhubaneswar: The Comptroller and Auditor General (CAG) has criticised the Odisha government for serious lapses in revenue realisation and financial management, leading to non-remittance of over Rs 5,000 crore. According to its latest State Finances Audit Report for 2024-25, which was tabled in the Odisha Legislative Assembly, 27 profit-making State PSUs failed to remit dividends totalling Rs 5,146.76 crore, in clear violation of the state's dividend policy. The Finance Department did not even r ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sha ...Read More >
Mumbai, Oct 25 (SocialNews.XYZ) Private sector lender Kotak Mahindra Bank on Saturday reported a 2.7 per cent year-on-year (YoY) decline in its net profit at Rs 3,253 crore for the July-September quarter (Q2 FY26). The bank had posted a net profit of Rs 3,344 crore in the same period last year. Despite the marginal dip in profit, the bank's net interest income (NII) rose 4 per cent (on-year) to Rs 7,311 crore from Rs 7,020 crore in Q2 FY25, while the net interest margin (NIM) stood at a health ...Read More >
BENGALURU - Tata Consultancy Services' plan to invest up to $7 billion in a 1 gigawatt data centre unit in India has sparked cautious reactions, with some analysts flagging limited overlaps with its core IT services and potential pressure on returns. The move, which pushed TCS shares down as much as 1.5% on Friday, marks a strategic shift for India's largest IT firm, which has traditionally followed a capex-light, organic growth business model. The recent boom in AI technologies, which require ...Read More >
Mumbai (Maharashtra) [India], May 18 : The largest lender in the country State Bank of India on Thursday posted an 83.18 per cent jump in its net profit to Rs 16,695 crore, against Rs 9,113.53 crore in the year-ago period. According to a statement from the lender, operating profit during the reviewed quarter went up 24.87 per cent to Rs 24,621 crore. The lender's return on assets (RoA) and return on equity (RoE) for the financial year FY23 stand at 0.96 per cent and 19.43 per cent, respectivel ...Read More >
BusinessWire India Singapore, July 19: DBS scored a hat-trick of global wins at the Euromoney Awards for Excellence 2025. This included receiving the "World's Best Bank" accolade, marking the third time that the bank has clinched Euromoney's top accolade since 2019. The recognition is a testament to DBS' solid financial performance, unwavering commitment to customer excellence, relentless focus on innovation and strong sense of purpose. DBS was also named the inaugural winner in the "World's Be ...Read More >
Stocktwits - Wealth services and brokerage firm Anand Rathi Wealth (BO:ANAA) kicked off fiscal 26 with solid first-quarter earnings. After market hours on Thursday, the company reported a 27.4% increase in consolidated net profit to ₹93.91 crore, while revenue from operations surged 23.4% to ₹274 crore. The stock surged over 5% at open on Friday. It is among the top 5 most trending stocks on Stocktwits. From a technical perspective, Anand Rathi is showing strong bullish undertones on the chart ...Read More >
New Delhi: After Steller debut Emkay Global has shown confidence in HDB Financial Services, setting a target price of Rs 900 per share and giving a 'Buy' rating. This target shows a possible upside of about 22 percent from the IPO issue price of Rs 740. Strong Market Debut On July 2, HDB Financial Services made an strong debut on the stock market, listing at Rs 835 per share -- a 13 percent premium over its IPO price. This strong start shows robust investor interest and confidence in the compa ...Read More >
Bengaluru : Bajaj Allianz Life, one of India's leading private life insurers, has announced the launch of its New Fund Offer (NFO) - Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund. Offered under the Company's ULIP products, this fund is designed to track the Nifty 500 Multifactor MQVLv 50 Index, providing investors with exposure to a multifactor based equity index while also offering life cover. Bajaj Allianz Life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multifactor 50 ...Read More >
Mumbai: Share of the top 50 stocks in the total market capitalisation has hit an all-time low, according to a report on Thursday. The December edition of the DSP Netra report said, "Large-cap stocks are now at their smallest share of total market capitalisation. The share of the top 50 or top 10 stocks relative to the total market has hit an all-time low, presenting a rare opportunity for investors." "While large caps remain relatively attractive on a comparative basis, the current market envi ...Read More >
Mumbai, Dec 12 (VOICE) Share of the top 50 stocks in the total market capitalisation has hit an all-time low, according to a report on Thursday. The December edition of the DSP Netra report said, "Large-cap stocks are now at their smallest share of total market capitalisation. The share of the top 50 or top 10 stocks relative to the total market has hit an all-time low, presenting a rare opportunity for investors." "While large caps remain relatively attractive on a comparative basis, the curr ...Read More >
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as thing ...Read More >
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as thing ...Read More >
Shares of Punjab National Bank 0.4 per cent to Rs 104.50 at 12:04PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 446,030 shares with a turnover of Rs 4.67 crore till 12:04PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 8.30, while the price-to-book value ratio stood at 1.34. Return on equity (ROE) was at 8.92 per cent, according to exchange data. The stoc ...Read More >
SynopsisA total of 17,258 shares changed hands on the counter till 01:32PM (IST).Shares of Shriram Finance Ltd. 0.02 per cent to Rs 3044.65 in Friday's trade as of 01:32PM (IST). The stock hit a high price of Rs 3065.85 and low of Rs 2993.00 during the session. The return on equity (ROE) for the stock stood at 15.04 per cent. Traded volume on the counter stood at 01:32PM shares and turnover at Rs 5.20 crore around that time. The stock of Shriram Finance Ltd. quoted a 52-week high price of Rs 36 ...Read More >
The stock traded at a P/E multiple of 50.95, while the price-to-book value ratio stood at 19.34.Shares of Tata Elxsi Ltd. traded at Rs 6679.50 on BSE at 01:29PM (IST) on Friday, 1.11 per cent from previous close. The scrip quoted a 52-week low price of Rs 6285.05 and a high of Rs 9191.10. Earlier, the stock saw a gap up opening in the morning. A total of 2,622 lakh shares changed hands on the counter till 01:29PM (IST). The stock of Tata Elxsi Ltd. commanded a market value of Rs 4162 ...Read More >
The stock traded at a P/E multiple of 77.20, while the price-to-book value ratio stood at 11.55.Shares of United Spirits Ltd. traded at Rs 1502.00 on BSE at 01:15PM (IST) on Thursday, 0.87 per cent from previous close. The scrip quoted a 52-week low price of Rs 1031.85 and a high of Rs 1648.40. Earlier, shares of the company saw a gap up opening in the morning. A total of 2,522 lakh shares changed hands on the counter till 01:15PM (IST). The stock of United Spirits Ltd. commanded a market va ...Read More >
SynopsisA total of 210,921 shares changed hands on the counter till 12:06PM (IST)Shares of Bandhan Bank Ltd. 0.49 per cent to Rs 171.25 in Wednesday's session as of 12:06PM (IST) even as the equity benchmark Sensex traded 14.43 points at 79989.63. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 263.15 and a 52-week low of Rs 163.00 on NSE. Around 210921 shares changed hands on the counter till 12:06PM (IST). The stock opened at ...Read More >
The stock traded at a P/E multiple of 24.83, while the price-to-book value ratio stood at 68.53.Shares of InterGlobe Aviation Ltd. traded at Rs 4268.95 on BSE at 12:12PM (IST) on Wednesday, 0.93 per cent from previous close. The stock quoted a 52-week low price of Rs 2572.40 and a high of Rs 5033.20. Earlier, shares of the company saw a gap up opening in the morning. A total of 4,042 lakh shares changed hands on the counter till 12:12PM (IST). The stock of InterGlobe Aviation Ltd. commanded ...Read More >
Microcap stock engaged in offering end-to-end gas distribution solutions, including management consultancy, project management, and many more hit a 2 percent upper circuit in the day's trade upon executing a master service agreement with HPCL. With a market capitalization of Rs. 240 Crores, the shares of Positron Energy Limited hit a 2 percent upper circuit in the day's trade at Rs. 316.20 per equity share, from its previous day's close price of Rs. 310. Positron Energy Limited has executed a ...Read More >
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