Edelweiss Financial shares fell sharply after reporting a 17% YoY drop in Q4 net profit and weaker sequential performance. Despite pressure on earnings and revenue, the company showed steady growth in asset management and insurance segments. It also announced a dividend, while management flagged global uncertainties impacting the outlook.Read More
Despite a sharp sell-off triggered by rising crude oil prices, Nifty’s correction is viewed as healthy and normal by ICICI Direct’s Dharmesh Shah. He advises investors to seek entry points, expecting the Nifty to consolidate between 23,500 and 24,500 before heading towards 24,800 in May. Shah identifies telecom, metals, and capital goods as sectors to buy on dips.Read More
Rising Brent crude prices and a weakening rupee are raising concerns for India’s economy. Policy interventions, including controlled fuel prices and tax reductions, are currently buffering the immediate inflationary impact. However, a sustained surge in oil prices could force retail price adjustments, leading to a sharper macro impact.Read More
Vedanta shares adjusted sharply post demerger, reflecting exclusion of four business units. While strong Q4 earnings and broker targets indicate upside, analysts remain divided. Some recommend waiting for price discovery, while others see value driven by zinc business strength and improved corporate structure post demerger.Read More
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