Indian government bond yields remained mostly steady with the benchmark 10-year yield at 6.6932%. Investors’ focus is on the state debt auction, with states looking to raise 521.20 billion rupees, and the Reserve Bank of India’s bond purchase worth 500 billion rupees.Read More
JM Financial has maintained a buy call on Ami Organics with a target price of Rs 2605. Ami Organics, operating in the chemicals sector, reported a consolidated total income of Rs 276.66 crore for Q3 2024 and net profit of Rs 45.45 crore. Expected robust demand for Nubeqa intermediates and electrolyte additives sales are key...Read More
IndusInd Bank shares rose 1.5% to Rs 687.45 on Tuesday, March 18, after Moody’s reaffirmed its ‘Ba1’ rating. The bank also raised Rs 11,000 crore through certificates of deposit (CDs) to strengthen its funding position following deposit withdrawals triggered by a Rs 2,000 crore accounting discrepancy in its derivatives book.Read More
Indian benchmark indices rose significantly on Tuesday, driven by gains in Asian markets amidst optimism about China’s economy. Key financial stocks led the upswing, while IT stocks saw minor declines. All eyes are on the U.S. Federal Reserve’s interest rate decision and geopolitical tensions, which continue to add caution to the market sentiment.Read More
Ace investor Ashish Kacholia’s portfolio has witnessed a significant decline, with 15 stocks falling by at least 40%. Kacholia’s net worth has dropped 23% since September 2024, highlighting the risks of emulating star investors. Investors are advised to consider their own financial goals and risk tolerance.Read More
HDFC Securities has an ‘add’ call on Dr Lal Pathlabs with a target price of Rs 2910. The company reported a total income of Rs 621.80 crore for the quarter ending 31-12-2024, marking an 11.59% increase from the same quarter last year. The diagnostic sector’s de-rating and moderate earnings growth influenced the latest valuation estimates.Read More
Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car. Separately, on Tuesday, Chinese EV maker Nio said it had signed a deal with battery giant CATL involving cooperation...Read More
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