PALASHSECU News Today

Weak start to the year but optimism prevails for H2 in Indian IT sector: IIFL Sector

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Analysts of IIFL Securities believe sector valuations have little room for upside as despite a deteriorated growth outlook, Nifty IT Index has performed in line with broader markets YTD.

• 09 June, 2023
• 11:49 AM
• less than a minute

RBI MPC: Status quo policy in Indian Economy: IIFL Securities

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RBI cut its FY24 inflation forecast for the second time in two MPC meetings, and marginally front ended GDP growth during FY24 while maintaining full yr. number.

• 09 June, 2023
• 11:25 AM
• less than a minute

HMA Agro announces price band of Rs 555-585 per share; IPO set to open on June 20

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The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.

• 09 June, 2023
• 9:49 AM
• less than a minute

RBI monetary policy reaction: Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Ca...

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If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.

• 08 June, 2023
• 1:35 PM
• less than a minute

Reforms stand India in good stead in Indian economy: IIFL Securities

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Debt/GDP ratio is relatively low, core infrastructure is seeing accelerated improvement and capital productivity is on an uptrend.

• 08 June, 2023
• 10:29 AM
• less than a minute

Tata Communications: Ambitious revenue aspiration may entail M&A

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Analysts of IIFL Securities believe that TCOM would have to make a sizeable acquisition, which its comfortable leverage ratio (1.3x net debt/Ebitda) should support.

• 08 June, 2023
• 10:15 AM
• less than a minute

Tata Motors: India Investor Day 2023

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Mgmt. expectation of moderation of growth in PV/CV industries in FY24 is largely in line with analysts of IIFL Securities estimates.

• 08 June, 2023
• 10:13 AM
• less than a minute

Aditya Birla Group Sparkles into Branded Jewellery Retail with Novel Jewels Ltd

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The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.

• 07 June, 2023
• 2:27 PM
• less than a minute

Aditya Birla Group expands presence to branded jewellery retail segment

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The business will be set up under a new venture ‘Novel Jewels Ltd.'

• 06 June, 2023
• 2:27 PM
• less than a minute

Voltas: Departing market share; bets on Voltbek & Project

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Analysts of IIFL Securities cut estimates by ~10% for FY24-25 and downgrade to REDUCE.

• 06 June, 2023
• 11:39 AM
• less than a minute