Company says growth momentum seen in FY19 will continue this financial year
Stock yet to reward investors; volatility in sales, profit numbers have been pain points
Inbound M&A activity went up 17.2% from a year ago
'The government is sincerely looking that banks should come out of the PCA', said United Bank MD & CEO A K Pradhan
The information asymmetry on credit continues to plague banks
Sectorally, all the indices except media counter ended in the green. PSU bank stocks advanced the most, followed by realty and auto stocks
All that happened in markets today.
Bavaguthu Raghuram Shetty set up UK-incorporated Finablr about a year ago to consolidate his financial-services brands
Earlier, in March 2017, YES Bank had raised Rs 4,907 crore through QIP route, issued shares at a price of Rs 300 per share
The stock has surged 37 per cent in the past six weeks after the company announced a dividend of Rs 440 per share.
In the past three trading days, the stock corrected 5 per cent, as compared to a marginal 0.13 per cent decline in S&P BSE Sensex
When the indices showed correction recently, stocks like Wipro Ltd and Tata Consultancy Services traded with positive bias. Wipro above Rs 270 and Infy above 2100 are seeing breakout levels.
Jhunjhunwala's holdings in the company increased by 0.36 per cent from 2.9 per cent in December quarter to 3.26 per cent at the end of the March quarter
In the past three weeks, Infosys has outperformed the market by gaining 9 per cent, after the IT major commenced buyback offer on March 20
A positive/bullish divergence occurs when the stock price slips lower and RSI indicator starts to rise.
The deal will help Panacea, which has been under corporate debt restructuring (CDR) since 2014, retire debt of close to Rs 731 crore as on March 31, 2018, and pump in capital to grow business.
The domestic unit tumbled 44 paise to close at 69.67 on Monday amid higher dollar demand from importers and rising crude oil prices.
Here's a look at the top stocks that may remain in focus today -
The announcement of fourth-quarter earnings by companies, soaring oil prices, and a tumbling rupee are among the major factors that are expected to steer the indices on Tuesday.
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares, and Stock Brokers