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Newgen Software Technologies Limited announced the exchanges that it has been declared the Successful H1 bidder for the RFP floated by Indian Bank related to the Digital Lending Platform. ...
JSW Energy Limited has informed to the exchanges regarding allotment of Non-Convertible Debentures. Pursuant to an approval of the Board of Directors of JSW Energy for raising of fun...
Zydus Lifesciences Limited informed that the United States Food and Drug Administration (USFDA) has granted final approval to market Sildenafil for Oral Suspension USP 10 mg/ml USRLD: Reva...
Global pharma major Lupin Limited informed that it has received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (USFDA) for its Ankleshwar ma...
Indian equity markets are likely to start the day in red. Short-term profit booking may take place today after the gains of Friday. Global cues are also negative today. US markets ended s...
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...
For the October series, analysts at IIFL Securities will be cautious on Nifty and believe this round of correction has potential to take the index back to 16350 levels.
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.
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.
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