Suzlon Energy shares: Suzlon Energy Ltd shares grabbed attention in Tuesday’s trading session following a significant order win and the recent resignation of an Independent Director, who expressed concerns about corporate governance standards and transparency at the company. Despite this development, analysts have mostly upheld a ‘Buy’ rating on the stock, citing recent robust order…
Awfis Space Solutions stock: Following a modest listing pop on Thursday, shares of Awfis Space Solutions Ltd maintained a rangebound trajectory. While the stock initially experienced some follow-up buying activity post-listing, profit booking at elevated levels limited its gains. As the maiden trading session progressed, the stock hovered close to its issue price towards the…
RBI: ICICI Bank and Yes Bank were hit with fines by RBI after an inspection for FY22 found non-compliance. In short ‘Loans and Advances – Statutory and Other Restrictions’ was not followed by ICICI. ICICI failed in their due diligence to evaluate the sustainability and viability of Yes Bank broke the rules on Customer Service…
Vedanta share price: Investor interest in Vedanta’s shares remained robust as the stock surged by nearly 8 percent, reaching a new 52-week high during morning trading on the NSE on Wednesday, April 10th. Vedanta’s shares opened at ₹347, up from the previous day’s close of ₹338, and climbed to ₹364.80, marking an increase of almost…
ICICI Securities shares: Following the approval of a plan to delist ICICI Securities and turn it into a wholly-owned subsidiary of ICICI Bank, the company’s shares saw a 4% decline on Thursday. Shares of ICICI Securities decreased 4.18% to Rs 710 from the previous BSE close of Rs 741.10. The brokerage company’s market value dropped…
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,…
Tata Steel shares: In a morning report, ICICI Securities described Tata Steel’s quarterly results as ‘strong’. Ebitda for the quarter was Rs 6,264 crore, up from Rs 4,268 crore in the September quarter, owing primarily to lower raw material costs. Tata Steel Ltd’s shares were trading flat on Thursday, a day after rising nearly 4%…
IndusInd Bank stock: The fifth-largest private bank in India, IndusInd Bank is a newer private sector bank supported by the Hinduja group. Its shares broke its one-year peak of ₹1,618 and reached a new 52-week high of ₹1,650.7 apiece in today’s trade. The bank’s quarterly update for 3QFY24 was released on Wednesday, which coincided with…
