Post Q3 earnings, PL cut weights on HDFC Bank, ITC, Titan, Avenue Supermarts and Hindalco in model portfolio. Meanwhile, it increased the weights on RIL, Bharti Airtel, SBI, and M&M in model portfolio. It also added Interglobe Aviation and Astral to Model portfolio and removed Bharat Electronics.
4 min read26 Feb 2024Axis believes that the said recovery will begin at the start of the new year and FY25 will show strong revenue growth. The brokerage has picked Coforge, Persistent Systems, and KPIT Technologies as its top IT sector picks post the December quarter (Q3FY24) results.
4 min read22 Feb 2024Retail companies have reported mixed performance, with premium retailers sustaining their growth momentum. However, value retailers continued to face pressure, noted the brokerage. Trent and Westlife Foodworld are the top picks of Axis Securities in the retail space post Q3FY24 results.
3 min read21 Feb 2024Post the earnings, brokerage Citi is overweight on PSU Utilities & Defence, Industrials, Banks/Insurance and underweight on Consumer Discretionary, IT Services, and Metals. Its December 2024 NIFTY target is 22.5k, which indicates a 2 percent upside.
2 min read20 Feb 2024Indian corporates end Q3FY24 earnings on a strong note, driven by margin tailwinds and outperformance in autos, financials, metals, and oil & gas.
2 min read16 Feb 2024Shares of Senco Gold jumped 7 percent in intra-day deals on Wednesday, snapping 3 sessions of losses after the firm posted decent results for the quarter ending December 2023 (Q3FY24).
3 min read14 Feb 202425 stocks from S&P BSE PSU index are trading between 10% and 37% lower from their 52-week highs. Leading this trend is SJVN, which has witnessed a significant decline over the last two trading sessions, tumbling by 24%.
2 min read13 Feb 2024Anand Rathi believes that large-cap private banks have a better risk-reward than others in BFSI, as the government loosens its purse strings, improving the banking liquidity coupled with the robust underlying credit demand.
5 min read13 Feb 2024For the first nine months of the current financial year, PSBs have earned a cumulative profit of ₹98,358 crore as compared to ₹70,166 crore in the year-ago period, an increase of 40.17%.
2 min read13 Feb 2024The company released its Q3 numbers post market hours on Monday, reporting a net profit of ₹9,094 crore, a robust 18% YoY growth. This was the highest PAT earned during the third quarter of any year since the company’s listing.
2 min read13 Feb 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared