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Buy Mindtree, target price Rs 4339: ICICI Direct

Updated at : 2022-03-30 11:25:02

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MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 70366.93 Crore) operating in IT Software sector.

The global cryptocurrency market cap remained almost flat at the $2.13 trillion mark, dropping marginally in the last 24 hours. Total cryptocurrency trading volume tumbled as much as 5 per cent to $116.45 billion.

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“In the overall home consumption space. I prefer Tata Consumer more in the long run because the tea and beverage business continues to grow double digit in volume, their Sampann brand which is into foods is doing very well and then the Starbucks AVM, which is the out of home consumption. Some of the other players will recover as the economy reopens and the stock has taken a 15-20% correction.”

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The floor price for the OFS has been set at Rs 159 per share. This price is at an around 7 per cent discount to the closing price of ONGC’s stock on Tuesday.

Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 2584.87 Crore) operating in Shipping sector.

"The strategic review of selected popular brands initiated by the company on February 23, 2021 to consider all options to deliver sustainable long-term profitable growth is ongoing. The review is expected to be completed by May 31, 2022," USL said in a regulatory filing.

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Yield curve inversions typically come late in Fed hiking cycles as bond investors sense the central bank may have gone too far in raising borrowing costs and begun to slow the economy.

Hopes of peace in Ukraine keep euro afloat

Updated at : 2022-03-30 08:20:03

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The dollar was kept on the back foot on Wednesday as hopes for a breakthrough in Russia-Ukraine peace talks lifted the euro, while the under-pressure yen steadied even as the Bank of Japan redoubled efforts to pin down bond yields.

Last week, Bharti Airtel had said it will acquire 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore.

Microfinance loans across lenders grow 10% in 2021

Updated at : 2022-03-30 08:00:03

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At the end of last year, 13 banks together held the largest share of the micro loan portfolio with total loan outstanding at Rs 1.04 lakh crore, which is 40.4% of total microfinance universe. NBFC-MFIs are second largest provider of micro-loans with collective loan outstanding of Rs 87,444 crore,

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