Of late, ace equity investor Rakesh Jhunjhunwala bought a 1.59% stake in Canara Bank.
ICICI Securities said that the ratio of cash flow to capex for India Inc has reached a two-decade high level of 2.2 times
ICICI Securities sees 46% and 33% annualised revenue growth over the next 5 and 10 years.
Asset quality of the lender deteriorated during the quarter with the percentage of gross non-performing assets to gross advances moved higher to 9.79%
Satish Ramanathan, MD and CIO- Equity at JM Financial Asset Management, said there is a need to wait for the festive season to start.
ICICI Securities, Citigroup Global Markets India, Edelweiss Financial Services, and Kotak Mahindra Capital Company were the managers of the offer.
Indian steel companies operate on the low end of the global cost curve, and stand to benefit from stronger domestic growth and higher exports
Ajit Mishra of Religare Broking is bullish on United Spirits with a target price of Rs 740.
Considering the present market condition, BofA Securities is positive on 15 largecap stocks.
The brokerage remained overweight on industrials, given the expectation of multi-year capex upcycle