On the National Stock Exchange (NSE), the shares had opened at Rs 1,750 apiece and then jumped to its 52-week high value of Rs 1,757
The consensus earnings for the current fiscal (FY22) are projected to grow by an outsized 35-40 per cent on the back of a relatively weak earnings profile in the previous year, he said
The market valuation of HDFC Bank tumbled Rs 43,578.18 crore to reach Rs 7,97,422.67 crore.
Firm becomes India's 12th most valuable company after June qtr results beat expectations
Headline valuations are at 10-15 per cent premium to 10-year historical range, but are supported by the lower bond yields in comparison to what we have witnessed in the last decade, Singh said
Valuation of Indian stock market at 22.5 times fiscal 2021-22 (FY22) earnings is too demanding, said analysts at Nomura
FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC
The IT services major on Monday posted Q4 numbers largely in line with or above analysts' estimates
The world's largest digital asset rose as much as 5.2% before trading around $57,000
Flags their low market valuations, says it'll hinder plans to raise equity
Only ICICI Bank managed to witness addition in its market valuation the holiday-truncated last week
Bharti Airtel''s market capitalisation (m-cap) climbed by Rs 33,960.84 crore to Rs 3,28,697.33 crore
Investment bankers said more IPOs including that of Home First Finance Company, RailTel Corporation of India, Kalyan Jewellers India, Stove Kraft and Suryoday Small Finance Bank will be rolled out
The market valuation of Tata Consultancy Services (TCS) crossed Rs 12 trillion-mark at close of trade on Thursday
Besides TCS, other winners on the top-10 chart were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel
Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers.
Many analysts believe a big correction was inevitable and the discovery of a new coronavirus strain was only a trigger
HDFC, TCS, and Bajaj Finance emerged as the biggest gainers
During the last week, which was holiday-truncated, the Sensex rallied 929.83 points or 2.10 per cent.
The recent trigger for the stock was a better-than-expected operating performance in the September quarter.