Category: Uncategorized

Target: ₹285 CMP: ₹237.55 Mahindra & Mahindra Financial Services (MMFS) has over the last 18 months embarked on multiple strategic initiatives, which we believe will lead to lower operating cost ratios through improved productivity aided by higher efficiencies, sustainable improvement in asset quality resulting in lower credit costs, much better risk management by leveraging analytics/business […]

Campus Activewear’s Chief Financial Officer Raman Chawla has resigned with effect from June 10, the company said on Saturday, adding that it was in the process of appointing a replacement. Also read: “Feeling light and happy”: Rajesh Gopinathan after resigning as CEO of TCS The footwear and athleisure wear manufacturer had listed its shares in […]

After pulling out funds in the past two months, Foreign investors have invested ₹7,936 crore in the Indian equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow is still negative, meaning […]

India’s coal production grew by 14.65 per cent on a Y-o-Y basis to hit an all-time high of 892.21 million tonnes (mt) on a provisional basis in the last financial year aided by Coal India’s (CIL) record production as well as captive and commercial mines. The world’s second-largest consumer of coal produced 778.19 mt of […]

Target: ₹86 CMP: ₹66.39 Electronics Mart India Limited is the fourth largest electronic retailer with a diversified product offering (6,000 SKUs across product categories from more than 70 consumer durable and electronics brand) and is strongly placed in the southern region (AP and Telengana). EMIL has been increasing its market presence and geographic base with […]

The rupee appreciated by 24 paise to 82.10 in early trade on Friday following foreign fund inflows and a fall in crude oil prices. Gains in the local stock market and weakness in the US dollar in early Asian trade also boosted the rupee sentiment. At the interbank foreign exchange market, the rupee opened higher […]

Bullish bets by domestic institutional investors (DIIs) on India’s stock market touched a three-year high this week. Data showed that DIIs were holding net long positions in the index futures segment, comprising mainly the benchmark Nifty and the Bank Nifty index to the tune of 79,050 contracts on March 28, the highest since March 2020. […]

From allowing share purchase through the Application Supported by Blocked Amount (ASBA) facility — where investor funds remain blocked in their own bank accounts instead of being passed to the broker until the execution of purchase order — to making it mandatory for the top 100 companies to clarify on market rumours, market regulator SEBI […]

The board of Securities and Exchange Board of India (SEBI) on Wednesday took a number of decisions relating to ESG disclosures, rating framework on ESG, and a mechanism for preventing and detecting frauds stock market frauds. The markets regulator has introduced quantitative norms to gauge materiality of developments. Related to mutual funds, SEBI has brought […]

SEBI has postponed the decision to freeze mutual fund folios without nomination to September 30, 2023 instead of March-end. In a circular issued on Tuesday, SEBI said last July it had prescribed the requirement for nomination and opting out of it for all the existing individual unit holders holding mutual fund units either solely or […]