Muthoot Finance shares saw a significant drop despite a sharp rise in third-quarter earnings. The company reported nearly doubled net profit and a substantial increase in total income and assets under management. Analysts from Jefferies, CLSA, and Nuvama have maintained positive ratings, citing strong performance and growth prospects.Read More
Indian government bonds are poised for gains as a debt switch operation with the central bank eases redemption pressures and lowers gross borrowing needs. This move, ahead of significant maturities, aims to improve cash and debt management. Meanwhile, India’s retail inflation returned to the central bank’s target band.Read More
India’s massive software services sector faces a sharp downturn. AI advancements are causing significant market value losses for major IT firms. Investors are questioning the future of the traditional outsourcing model. The industry is undergoing a crucial valuation reset. The coming sessions will determine if the worst is over for these stocks.Read More
In a landmark achievement, the National Stock Exchange has reported that investor accounts have exceeded the impressive count of 25 crore, signaling a rising wave of engagement in capital markets. Maharashtra takes the lead, boasting the highest concentration of accounts. The fusion of digital innovation and cost-effective trading options has paved the way for this expansion.Read More
Hindalco Industries shares dropped significantly following a sharp 45 percent decline in its December quarter net profit. The company reported a profit of Rs 2,049 crore compared to Rs 3,735 crore in the previous year. Revenue from operations saw a 14 percent increase. Citi downgraded the stock to Neutral citing concerns over Novelis’ performance and leverage.Read More
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