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“It’s a herd mentality kind of a thing. People are rushing to sell some of the higher relative valuations stocks. When somebody is selling, the others are following suit. But otherwise, the underlying revenue growth and earnings growth is intact.”

Buy Subros, target price Rs 410: HDFC Securities

Updated at : 2021-10-26 10:20:01

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Subros Ltd. key Products/Revenue Segments include Air Conditioning Equipment And Accessories, Sale of services and Scrap for the year ending 31-Mar-2021.

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Saurabh Mukherjea said buying a stock at any price does not mean buying at any value.

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They are also seeking the government to urgently set up an independent commission which can deliberate on possible legislation around the structure of social media and its regulation.

HDFC AMC Q2 PAT up 2% to Rs 344 crore

Updated at : 2021-10-26 09:20:01

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HDFC Asset Management Company (AMC) on Monday reported a nearly 2 per cent growth in profit after tax (PAT) to Rs 344.38 crore for the three months to September 2021. In comparison, the firm had posted a PAT of Rs 338.06 crore in the same quarter of the preceding fiscal, the asset management company said in a regulatory filing to the stock exchanges.

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Mahindra CIE Automotive Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 10619.11 Crore) operating in Auto Ancillaries sector.

India to kick start GDAM, Escerts trade from Tuesday

Updated at : 2021-10-26 08:20:01

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The launch of the green day-ahead market will deepen the green market and will provide competitive price signals, besides offering an opportunity to the market participants to trade in green energy, in the most transparent, flexible, competitive, and efficient manner, power and renewable energy minister R K Singh said on Monday.

Crypto platforms flush with risk capital have been roping in top celebrities like Ranveer Singh and Ayushmann Khurrana to advertise crypto trading in India. There are currently around 15-20 million crypto investors in the country.

“Our country has plenty of natural resources and is also endowed with vast solar energy potential. It is time we bring together these natural resources combined with the human resources and to take our country to new heights in power generation. More energy translates to more growth in economy,” Shirdi Sai Electricals chief executive officer Sharat Chandra said.

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CEO Debashis Chatterjee said there is still huge potential to grow the top accounts further.

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