HDFC Life Insurance has emerged from consolidation with heightened volume activity. Brokerages ICICI Securities and Axis Securities have both issued a “buy” recommendation on the insurer, identifying it as their top technical pick for the week. HDFC Life has demonstrated remarkable resilience amid recent market volatility, consistently outperforming the broader market. As per ICICI Securities,…
Adani stocks: Adani Group’s stock saw a drop of 2-4% on Monday after a Bloomberg report suggested that the US government might have widened its investigation scope. During early trading, Adani Enterprises, the flagship company of the group, experienced a nearly 4% decline to an intra-day low of Rs 2,976.05, while Adani Ports and Special…
LIC shares: Kotak Institutional Equities, a domestic brokerage firm, maintains a positive outlook on Life Insurance Corporation of India (LIC) and anticipates a substantial potential upside of up to 44 percent in the stock from its recent lows experienced on Monday. Investor interest in the company has surged following the approval by the central government…
Tata Steel: Tata Steel’s share price rose over 5% on March 18 due to significant volumes and many major transactions, boosted by China’s impressive industrial output growth. Tata Steel stock was trading at Rs 148.6 as of 12.20 p.m., increased by 4.9 percent from the prior close. Over two times as many Tata Steel shares…
Sudha Murty: At the India Today Conclave 2024, Rajya Sabha MP Sudha Murty revealed insights into the well-known anecdote of providing ₹10,000 to her husband NR Narayana Murthy to initiate Infosys, a renowned IT firm. Reflecting on a dispute from 1981, Sudha Murty recalled her husband’s aspiration to establish a software company despite their secure…
US probes Adani Group: As reported by Bloomberg, US prosecutors have heightened their scrutiny of India’s Adani Group, concentrating on potential bribery and the actions of billionaire founder Gautam Adani, according to informed sources. The inquiry, spearheaded by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit…
L&T Technology Services Ltd (LTTS) will establish a cybersecurity and cybercrime prevention hub for the Maharashtra government to combat cybercrime occurrences and facilitate investigations, according to the business. In September 2023, the Maharashtra cabinet authorized a ₹837-crore (approximately $100 million) project to combat cybercrime in the state. Under a $100-million agreement with the Maharashtra State…
ZEE shares: The stock fell 4.11 percent, reaching a day low of Rs 141.20. At this pricing, Zee shares have more than halved from their one-year high of Rs 299.50, reached on December 12 last year. Zee Entertainment Enterprises Ltd‘s shares dipped on Friday after the media company reported that Walt Disney-owned Star India has…
YES Bank shares: For three primary reasons, investors will be keeping an eye on the shares of YES Bank Ltd. Against the devastation in the mid-and small-cap counters, the private lenders have been finding it difficult to maintain momentum. Still, it has come back into the news due to a combination of factors. The National…
Wipro: On Thursday, Wipro Limited revealed its selection by Desjardins to revamp its credit solutions for both members and clients. Wipro Gallagher Solutions (WGS), a subsidiary of Wipro and a provider of cloud-based Loan Origination Systems (LOS), will oversee the integration and management of Desjardins’ various in-house and legacy systems. This initiative aims to consolidate…
