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Here's why Rakshit Ranjan is bullish on NBFC sector

Updated at : 2023-07-12 08:20:02

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Eicher was doing exceptionally well but what is happening with particularly Hero, the Harley-Davidson angle and overall competitive intensity rising in the last couple of months, it is something not worth ignoring. But yes, we are working on it as of now, not made up our minds in which direction, who will be the winner eventually from this.

"Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

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There is a bit of a bump around that 45,500 number. Once that gets cleared, I think there is no looking back. And because it is covering up for three months of underperformance, the scope is huge.

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I think I would like to correlate with something what happened in the chemical space over last seven years. We have seen China plus one story and we have also seen a lot of really game changers which happened in the chemical space and the speciality chemical space.

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An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday.

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Standard Chartered said the rationale for its predicted price rise was that miners who mint the 900 new bitcoins produced each day around the world would soon need to sell fewer to cover their costs - mostly electricity to power super-computers.

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Advocate Prashant Bhushan told a bench led by Chief Justice DY Chandrachud that Sebi had changed the definition of "opaque structure" and "related party transactions" in its regulatory framework.

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As part of its Lakshya 2026 goals started in April 2022, L&T Finance Holdings targets to increase the share of retail in its loan book to 80% by March 2026, grow the segment at a compounded rate of 25% and keep gross NPAs below 3% of advances.

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Tata Steel is challenging the January 13 order where the Delhi High Court directed the National Company Law Tribunal (NCLT) to proceed with the hearing of the avoidance application but said the amount recovered can be distributed amongst the secured creditors in accordance with law as determined by the NCLT.

LTIMindtree to replace HDFC in Nifty 50 index

Updated at : 2023-07-12 07:25:02

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Many investors bought the stock in anticipation of a rally due to an inflow from the passive funds. Analysts said shares of companies that are due to be part of a main index surge because of buying by passive funds, whose portfolios are linked to the stock weights of a benchmark index.

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