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Markets ended the day in red today. Nifty 50 closed, down by 148.80 points. Sensex closed, down by 509.24 points. Top gainers today were Asian Paints, Sun Pharma, Dr Reddy's. Top L...
In Wednesday's intraday session on the BSE, shares of Asian Paints increased by more than 2%, exceeding the market and reaching an eight-month high of Rs3,559. As reducing raw material costs is...
Krsnaa Diagnostics on Wednesday announced its plans to launch 600 diagnostics centers across India. The company will strengthen and explore its footprint across Maharashtra, Himachal...
The loyalty management platform PoshVine has been purchased by Razorpay, a provider of digital payments and financial services, for an undisclosed fee. This is the sixth acquisition made ...
Retail chain for consumer goods Electronics Mart India Ltd. announced on Wednesday that it has set a price range of Rs56-59 per share for its Rs500 crore initial public offering (IPO). Accordin...
HF Infra Engineering Limited informed that its wholly-owned subsidiary Sohna Highway Private Limited has received the completion certificate for a project worth Rs606 crore. The comp...
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...
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.
In their latest report, analysts at IIFL Securities make an attempt to understand the implications of the looming energy crisis in Europe on Indian chemical industry.
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,