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SRF Limited has informed to the exchnages regarding commissioning and capitalization of capex proposal approved by the Board. As per the filing, on January 25, 2022 the Board in...
Tata Communications announced the establishment of a specialised Private 5G Global Centre of Excellence (CoE) in Pune, India, to accelerate Industry 4.0 applications and capabilities for c...
Jindal Stainless Limited has informed that the Sub-Committee of the Board of Directors at its meeting held on September 28, 2022, has allotted 990 nos. ofrated, listed, unsecured, redeemab...
Punjab National Bank informed that in compliance with RBI guidelines, the Bank’s board has decided to sell its entire stake in M/s Asset Reconstruction Company (India) Ltd (ARCIL) at an ...
Rail Vikas Nigam Limited (RVNL) stocks in the fast lane on Friday's morning trading session after receiving LoA. According to the filing, the company has been awarded contract for Co...
A cautious tone was witnessed in the Indian markets during the opening bell of Friday amid mixed global cues. Sensex tumbled as much as below 5.6,147. While Nifty 50 took a route even below 16,...
Adani Ports and Special Economic Zone Limited is an India-based integrated ports and logistics company. The Company is primarily engaged in developing, operating and maintaining the ports services, ports-related infrastructure development activities and development...
Net card additions in August 2022 were negative versus +1.53 million in July 2022; this was driven by a 1.52/1.05 million (8/11% MoM) decline for HDFC Bank/Axis Bank, respectively, due to closure of cards inactive for >1 year. IndusInd Bank/State Bank of India (SBI) added 2.6/2.0% of their opening cards in-force, respectively, followed by ICICI Bank/Kotak Mahindra Bank/RBK at 1.5/1.4/1.0%.
In their latest note, analysts at IIFL Securities deep dive on the performance of key large banks since the peak of the NPA cycle (FY18), and summarize their expectations going forward. They expect further re-rating for banks in general. They have maintained HDFC Bank, ICICI Bank and State Bank of India as their top ideas.
Analysis of passive funds, both FIIs and domestic MFs, shows that total passive AUM is up 17%, and within that, domestic passive MF AUM is up by 29% to US$53 billion. Leading up to Nifty inclusion, stocks significantly outperform, but this substantially reverses within 3 months of the event. Similarly, exclusion leads to underperformance. IIFL Securities has added Maruti to its list of large cap top picks.
The benchmark SG GRMs continue to remain volatile. Government has a challenge to balance contrasting factors - health of OMCs, attractive compensation for upstream without adversely affecting its own fiscal, and end-consumer prices. Cheap PSU valuations reflect such issues adequately, believe analysts at IIFL Securities.
IIFL is one of the leading player in the broking industry with more than a million accounts being opened since inception. The company provides execution, advisory, and research service across products like equity, F&O, Commodity & Currency, Mutual Funds. IIFL is also one of the top distributors of AIF, PMS and Mutual Funds.
Asst. Vice President,
AVP & Senior Financial Planner,
Founder & CEO,