Titan’s recent announcement of acquiring a 27.2% stake in CaratLane (CL) from Mithun Sacheti and family for Rs 46.2 billion marks a significant development. This transaction values CaratLane at Rs 170 billion, although our valuation pegs it slightly higher at Rs 208.5 billion. After this, Titan’s stake in CaratLane will rise from 71.09% to 98.28%. […]
Month: August 2023
Positive outlook for HDFC Life; insurance sector aims for 13-15% growth in new premiumsPositive outlook for HDFC Life; insurance sector aims for 13-15% growth in new premiums
During our discussions at the Jefferies Asia Forum, the management team of HDFC Life (including the CEO, EDCFO, and IR) emphasised the positive progress of their bancassurance partnership with HDFC Bank. They highlighted that there is a closer alignment between the two organisations at both the top management level and among the street-level teams. This […]
IPL 2023: Showman Shubman Gill steals MI’s ‘Hitman’ glee, bats for Titans to cross swords with Kings | See PhotosIPL 2023: Showman Shubman Gill steals MI’s ‘Hitman’ glee, bats for Titans to cross swords with Kings | See Photos
1/8 Gujrat Titans’ Shubman Gill plays a shot during the Indian Premier League qualifier cricket match between Gujarat Titans and Mumbai Indians in Ahmedabad on Friday. (Photo: AP) 2/8 Gujrat Titans’ Shubman Gill celebrates his fifty runs during the Indian Premier League qualifier cricket match between Gujarat Titans and Mumbai Indians in Ahmedabad on Friday. […]
Share Market Highlights: Nifty closes 100 pts lower, Sensex settles near 65100; Adani Ports up 4.6%, ITC tanks 2%Share Market Highlights: Nifty closes 100 pts lower, Sensex settles near 65100; Adani Ports up 4.6%, ITC tanks 2%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: On Thursday, domestic benchmarks NSE Nifty 50 and BSE Sensex ended in negative territory. The Sensex closed down by 0.6% at 65,151.02, while the Nifty 50 shed 100 points to finish at 19,365.25. Bank Nifty settled under 43,900, down 0.13%, however, Nifty PSU Bank jumped […]
Nifty 50 to move towards all-time highs; buy SW Solar, MOFSL for gainsNifty 50 to move towards all-time highs; buy SW Solar, MOFSL for gains
By Nagaraj Shetti After showing range bound action in the last few sessions, Nifty shifted into a decent up move on Wednesday and closed the day higher by 127 points. After opening with a positive note, the market shifted into a range bound movement for the better part of the session. The buying emerged in […]
Nifty, Sensex witness range-bound activity; Tata Steel, LTIMindtree, L&TFH among stocks to buyNifty, Sensex witness range-bound activity; Tata Steel, LTIMindtree, L&TFH among stocks to buy
By Shrikant chouhan On last Tuesday, the benchmark indices witnessed range bound activity, the Nifty ended 20 points lower while the Sensex was down by 68points. Among Sectors, IT and Digital indices rallied over 1 percent whereas Reality index shed over 1.5 percent. Technically, after a promising reversal formation yesterday the market opened with a […]
Stocks To Watch: Adani Green Energy, RIL, SBI, Delta CorpStocks To Watch: Adani Green Energy, RIL, SBI, Delta Corp
Stocks in focus: GIFT Nifty traded up by 48.5 points, or 0.25%, at 19,691 during Monday’s early trading session, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. The Benchmark equity indices ended the week’s last trading session in the red. The NSE Nifty 50 fell 0.34% to settle at 19,674.25, […]
Nifty sentiment at ‘buy on dips’, could face resistance at higher levels; use this strategy to pocket gainsNifty sentiment at ‘buy on dips’, could face resistance at higher levels; use this strategy to pocket gains
By Manojh Vayalar The August series Nifty futures started with a premium of around 105 points for the current month. For the Nifty futures, FIIs maintained around 41% short positions, higher than the last month’s series, which is now currently around 49% shorts. The index witnessed a long buildup rally since the start of this […]
Samhi Hotels sees lacklustre debut, lists with single-digit premiumSamhi Hotels sees lacklustre debut, lists with single-digit premium
Samhi Hotels shares listed at a 7% premium over the IPO price on the NSE and at 3.61% on BSE amidst a volatile domestic market. The share debuted at Rs 134.50 on the NSE, as compared to the issue price of Rs 126. The investors have made a profit of 8.50 per share as the […]
Star Health: Transforming healthcare coverageStar Health: Transforming healthcare coverage
In its FY23 annual report, Star Health (STARHEAL) outlined strong growth opportunities in India’s health insurance in India. The COVID-19 pandemic has heightened awareness of medical expenses, leading to increased walk-in business for health insurance. India’s high prevalence of conditions like diabetes, obesity, and cancer, coupled with a growing elderly population, will result in a […]