Latest Stock Market News

Tarsons Products Ltd. key Products/Revenue Segments include Plastic Products, Medical Equipment and Scrap for the year ending 31-Mar-2023.

Most investor concerns around the private sector lender are around its flat NIM (net interest margin) on a QoQ basis despite the withdrawal of ICRR and a sharp decline in LCR to 110%. The average growth of deposits was too low compared to the guidance.

Hemang Jani says: “I doubt that the money would move from HDFC Bank to Bajaj Finance only. A part of the money could move into some of the insurance companies like ICICI Lombard or some of the other insurance companies where the trend is better. People may also have to rebalance and realign their allocation to the banking sector.”

A total of 42,138 shares changed hands on the counter till 10:46AM (IST).

Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2023.

Dipan Mehta predicts a tough earnings season with volatility and muted earnings for blue chip companies due to high expectations and the base effect. He advises trimming positions and not investing further at these levels. He expects a deeper market correction and suggests booking profits, especially in stocks with suspect fundamentals. Mehta believes that financials may face minor headwinds, but the longer-term positive trends in NBFCs and banks will not change. He advises waiting for earnings results before making investment decisions.