Category: Uncategorized

With two major events — India#39;s budget and US Fed meeting — out of the way, analysts expect markets to take support from the ongoing Q3 earnings season, and remain in positive territory

In Q3FY24, the company secured more than 100 orders worth more than Rs 612 crore.

A meeting of the board of directors of the company is scheduled to be held on February 13 to consider and approve the unaudited financial results.

After hiking its repo rate by a cumulative 250 basis points – much less than most of its major peers – the RBI has kept it untouched since February 2023 as inflation largely remained within the bank#39;s 2%-6% target range.

Kristalina Georgieva said that one very significant advantages of India is the bold actions on the digital front with the digital public infrastructure, digital ID and making digital a strong comparative strength of India allowing small entrepreneurs to tap into markets in the way they were not able to do before.

Moneycontrol has found seven stocks from the Nifty 500 index that are likely to double earnings next year. These stocks are Shree Cement Ltd, Ceat Ltd, ACC, JK Cement Ltd, BEML Ltd, Motilal Oswal Financial and Birla Corp Ltd

Macquarie does not see any near-term solution to Paytm#39;s problems as it believes the lapses found out to by RBI to be material

Over near term, Ashish Kyal expects rangebound movement between 21,840 – 21,420 for the Nifty 50. Break of this range can provide trading opportunity in that direction.

Investments will range from outright acquisitions to greenfield projects and partnerships, Citi’s India investment banking head Rahul Saraf said in an interview with Bloomberg News in Mumbai.

Looking forward, immediate resistance levels for Nifty are identified at 21,850, with an additional hurdle at 22,124, representing the life high level. On the downside, crucial support levels lie at 21,350 and 21,100.