Latest Stock Market News

Investors can bid for a minimum of 17 equity shares and in multiple of 17 thereof. The IPO can be subscribed till February 8, Tuesday.

Analysts said Kotak should see a reduction in stress but the behaviour of the ECLGS lending pool & restructured portfolio coupled with the management commentary on the same would be keenly watched.

“There is hardly anything in India today that has value in absolute terms. But stocks that are closer to value or stocks have come off without any structural challenge with their business, is where there will be more push. ”

“For India per se, the cyclical rebound is doing very well and we expect it will continue to pick up in the next couple of quarters….In India, the GDP is growing despite the government spending shrinking and this is something that needs a lot of attention of the markets and as well as for policy makers.”

The recent fall in Bitcoin indicates that cryptocurrencies are no longer a stand-alone risk asset and are reacting to changes in global factors. On average, SHIB (Shiba Inu) has more buyers than sellers, indifferent to the rising or falling prices, said WazirX Trade Desk.

“We are on thin ice but investors should not get too perturbed. We just have to ride out this wave of selling pressure and volatility and focus on good quality companies. We like HDFC Bank, ICICI, Axis, Kotak in the largecap private sector space and SBI as far as PSU banks are concerned. We also like Larsen & Toubro, ITD Cementation in the infra space.”

“It is not about any quick wins but more about steady investment which will help us get into a steady consumption cycle.”

Gold futures on MCX gained 0.10 per cent or Rs 46 at Rs 47,956 per 10 grams. Silver futures gained by 0.15 per cent or Rs 92 at Rs 62,036 per kg.

Edelweiss sess profit rising 26.5 per cent YoY to Rs 780 crore. It sees sales rising 12.2 per cent YoY to Rs 5,531 crore. The brokerage sees Ebitda margin falling 14 basis points YoY to 22.7 per cent, with input cost headwinds partly compensated by plateauing SG&A investments.

Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 33574.20 Crore) operating in NBFC sector.