Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported. Total revenue rose 14% YoY to…
READ MORETechnical indicators, declining volatility, and a stable Put-Call Ratio imply a consolidation phase in the market, according to analysts. They suggest that if the Nifty maintains levels above 22,222, a new upward movement could drive it towards 22,775. Stocks like Escorts, Ashok Leyland, BHEL, Canara Bank, Coal India, IRCTC, Dixon, Exide Industries, Havells, and IDFC…
READ MOREEquity markets rallied last week mainly due to relief from the middle-east tensions coupled with a correction in oil prices. In today’s trade shares of ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech will be in focus due to various earnings and news developments. ICICI SecuritiesMinority shareholders of ICICI Securities led by Bengaluru-based…
READ MOREDomestic equities ended a positive last week by snapping a five-day winning streak on Friday amid profit booking and mixed global cues. “We expect market momentum to resume with a focus on stock-specific action due to the ongoing result season and sector rotation at play,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal. Here’s…
READ MOREMumbai: Minority shareholders of ICICI Securities (I-Sec) led by Bengaluru-based investment manager Manu Rishi Gupta have filed a class action suit with the Delhi bench of the National Company Law Tribunal (NCLT) against ICICI Bank’s bid to delist its broking arm. The private lender’s scheme of arrangement to delist ICICI Securities received approval from the…
READ MOREFintech businesses are currently required to consistently re-strategise to address the fast-changing demands of consumers. At the same time, these businesses should also ensure that payment experiences remain secure, convenient and seamless for customers, says Chandni Nihalani, Director, PayPal India.Technological advancements such as the Open Network for Digital Commerce (ONDC) not only provide enterprises with…
READ MORENIFTY Prediction Nifty remained under consistent selling pressure. Analysis of its daily charts reveals resistance in the 22,500 – 22,600 range, indicating ongoing consolidation until a decisive breakthrough occurs. Critical support now lies within the 22,200 – 21,900 range on the downside. BANK NIFTY Prediction Bank Nifty’s attempt to bounce back from the previous day’s…
READ MOREOn a sequential basis, HDFC Bank, ICICI Bank, and Axis Bank reported a faster growth in deposits for the March quarter compared with the credit growth while IndusInd Bank and Yes Bank showed marginally lower growth in deposits than advances. Synopsis While these lenders were able to increase deposits at a faster clip during the…
READ MOREIn the dynamic and ever-evolving world of architecture and interior design, both Louvre shutters and Louvre windows have carved out a niche for themselves as sought-after choices. But one might wonder, what exactly are the key differences between these two? How do they function in various design contexts and what factors should you keep in…
READ MORESynopsis Once again everything is looking green, the way things have panned out in the last four weeks, it appears that in March bulls were on short term break due to tight liquidity conditions. While the local liquidity condition might improve, one thing which needs to be taken into account is that with every rise…
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